Mixed-Use Property with Residential
7424 N 60th St, Milwaukee, WI 53223
For Sale
$499,000
The cleared ground floor is paired with an upper-level residence nearing completion.
Property Size2,273 SF
Price / SF$219.53
Days on Market63
Property Features for 7424 N 60th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Amenities
bike path access
Building Details
Building Size
Buildings
Listing Agency:
Realty of America LLC
(708) 323-1560
Listed By:
Lisa-Marie Franco-Garcia · License WI #8156294
(414) 399-0460
Source:
Goldenoaksrealty
Added: Sep 8
Changed: Nov 9
Last Checked: Nov 9 at 2:06PM
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 Realty of America LLC
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Investment Insights
Based on property information with market context.
At 7424 N 60th St in Milwaukee, this mixed-use property has a cleared main floor formerly occupied by a neighborhood pub and an upper-level residential unit nearing completion. The site includes parking for approximately 80 vehicles and is zoned IL 1. Bike path access is also noted.
Key Highlights
- Approximately 80 vehicle parking spaces
- Upper‑level residential unit nearing completion
- Cleared main floor; formerly a neighborhood pub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,753
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,060
$555.1K
Cap Rate 7%
$396,471
$396.5K
Cap Rate 9%
$308,367
$308.4K
Market Conditions
NOI Build-Up for 2,273 SF
Gross rent
$50.5K $22.20/SF
− Vacancy
−$6.1K −$2.66/SF
EGI
$44.4K $19.54/SF
− OpEx
−$16.7K −$7.33/SF
NOI
$27.8K $12.21/SF
Area
Milwaukee, WI
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,060
Cap Rate 7%
$396,471
Cap Rate 9%
$308,367
Alternative Uses
Best Use
Mixed Use
$396.5K
$346.9K – $462.6K
NOI $27,753 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.2K
$477.9K – $637.3K
NOI $38,235 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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Business Placement
Demographics for 53223, WI
28,884
Population
13,436
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
2,918
Density / Sq Mi
$60,477
Median Household Income
$44,625
Median Earnings
$1,071
Median Rent
$184,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee, WI
Properties on Market for Mixed-use properties in Milwaukee
Frequently Asked Questions
What type of property is this?
Mixed-use property - The cleared ground floor is paired with an upper-level residence nearing completion.
Where is this mixed-use property located?
The property is located at 7424 N 60th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 80 vehicle parking spaces; Upper‑level residential unit nearing completion; Cleared main floor; formerly a neighborhood pub
