Live-Work Property with
966 S 60th St, West Allis, WI 53214
For Sale
$310,000
N, West Allis, WI
Property Size1,261 SF
Lot Size0.08 Acres
Price / SF$245.84
Days on Market86
Property Features for 966 S 60th St
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Architectural style
Listing Agency:
Milwaukee Flat Fee Homes
Listed By:
Paul Stevens · License WI #5930690
(414) 482-5050
Added: Aug 19
Changed: Nov 4
Last Checked: Nov 12 at 7:06AM
MLS# 1976842
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,261-square-foot live-work property pairs an updated commercial area with an attached residential component. The business portion measures approximately 620 square feet and includes a reception area, three private offices or treatment rooms, and a half bath. The residence offers two bedrooms, a flex room, one full bath, and two half baths, with fresh paint and new carpeting. The property was built in 1913 and carries C-3 zoning.
Three off-street parking spaces and a detached one-car garage provide on-site vehicle accommodations. The West Allis location offers access to shopping, restaurants, and major roadways. The commercial configuration may suit professional uses such as office, therapy, salon, spa, massage therapy, insurance, legal, or accounting operations, subject to buyer verification of permitted uses.
Three off-street parking spaces and a detached one-car garage provide on-site vehicle accommodations. The West Allis location offers access to shopping, restaurants, and major roadways. The commercial configuration may suit professional uses such as office, therapy, salon, spa, massage therapy, insurance, legal, or accounting operations, subject to buyer verification of permitted uses.
Key Highlights
- 1,261‑square‑foot live‑work property with commercial and residential components
- Approximately 620 sq. ft. of updated commercial space with reception, 3 private offices/treatment rooms, and a half bath
- Attached 2‑bedroom residence with a flex room, 1 full plus 2 half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,243
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,860
$344.9K
Cap Rate 7%
$246,329
$246.3K
Cap Rate 9%
$191,589
$191.6K
Market Conditions
NOI Build-Up for 1,261 SF
Gross rent
$31.3K $24.84/SF
− Vacancy
−$8.3K −$6.61/SF
EGI
$23.0K $18.23/SF
− OpEx
−$5.7K −$4.56/SF
NOI
$17.2K $13.67/SF
Area
Milwaukee County, WI
Vacancy
26.60%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,860
Cap Rate 7%
$246,329
Cap Rate 9%
$191,589
Alternative Uses
Best Use
Office B
$246.3K
$215.5K – $287.4K
NOI $17,243 @ 7.0% cap · market cap 5.56%
Second Best
Mixed Use
$221.6K
$193.9K – $258.5K
NOI $15,510 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$299.0K
$261.7K – $348.9K
NOI $20,932 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
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Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Live-work space - C-3-zoned property combines an updated business area with a two-bedroom residence and dedicated parking.
Where is this live-work space located?
The property is located at 966 S 60th St West Allis, WI.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,261‑square‑foot live‑work property with commercial and residential components; Approximately 620 sq. ft. of updated commercial space with reception, 3 private offices/treatment rooms, and a half bath; Attached 2‑bedroom residence with a flex room, 1 full plus 2 half baths
