Mixed-Use Property with Retail
7026 W North Avenue, Wauwatosa, WI 53213
For Sale
New
$955,000
Six commercial spaces share the property with a three-bedroom apartment and exterior patio.
Property Size7,784 SF
Price / SF$122.69
Days on Market4
Property Features for 7026 W North Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Premier Point Realty LLC
(414) 395-5478
Listed By:
Christian Anderson · License #9578194
(262) 729-5475
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Point Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1953, this 7,784-square-foot mixed-use property contains six retail spaces and a three-bedroom apartment. The apartment includes access to a large exterior patio. Current occupants represent massage, acupuncture, jewelry, nail care, and cigar businesses, alongside the residential unit.
The property is at the corner of 71st Street and North Avenue in Wauwatosa, Wisconsin.
The property is at the corner of 71st Street and North Avenue in Wauwatosa, Wisconsin.
Key Highlights
- 7,784‑square‑foot mixed‑use property built in 1953
- Six retail spaces plus a three‑bedroom apartment
- Apartment has a large exterior patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,790
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,575,800
$1.6M
Cap Rate 7%
$1,125,571
$1.1M
Cap Rate 9%
$875,444
$875.4K
Market Conditions
NOI Build-Up for 7,784 SF
Gross rent
$116.8K $15.00/SF
− Vacancy
−$4.2K −$0.54/SF
EGI
$112.6K $14.46/SF
− OpEx
−$33.8K −$4.34/SF
NOI
$78.8K $10.12/SF
Area
Milwaukee County, WI
Vacancy
3.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,575,800
Cap Rate 7%
$1,125,571
Cap Rate 9%
$875,444
Alternative Uses
Best Use
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $95,743 @ 7.0% cap · market cap 10.03%
Second Best
Retail
$1.13M
$984.9K – $1.31M
NOI $78,790 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,211 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 53213, WI
26,469
Population
12,591
Households
2.1
Avg Household Size
37
Median Age
63%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
6,787
Density / Sq Mi
$94,144
Median Household Income
$59,472
Median Earnings
$1,228
Median Rent
$311,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee County, WI
Properties on Market for Mixed-use properties in Milwaukee County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Six commercial spaces share the property with a three-bedroom apartment and exterior patio.
Where is this mixed-use property located?
The property is located at 7026 W North Avenue Wauwatosa, WI.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: 7,784‑square‑foot mixed‑use property built in 1953; Six retail spaces plus a three‑bedroom apartment; Apartment has a large exterior patio
