Mixed-Use Building with
N88w16731 Appleton Avenue #N88W16733, Menomonee Falls, WI 53051
For Sale
$1,100,000
Two commercial units and four apartments provide distinct residential and business components within one property.
Property Size5,300 SF
Price / SF$207.55
Days on Market22
Property Features for N88w16731 Appleton Avenue #N88W16733
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Bradley Realty, Inc.
Listed By:
Brad Posnanski
(262) 255-3350
Source:
Coactionrealestate
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 9 at 8:53AM
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 Bradley Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,300-square-foot mixed-use property contains two commercial spaces and four residential apartments. Built in 1904, the building has received updates to its mechanical systems, windows, roof, and interior areas. C2 zoning is in place, and a neighboring lot is included in the offering, providing additional land alongside the existing building.
The property is located on Appleton Avenue in downtown Menomonee Falls, Wisconsin.
The property is located on Appleton Avenue in downtown Menomonee Falls, Wisconsin.
Key Highlights
- 5,300‑square‑foot mixed‑use property
- Two commercial spaces and four residential apartments
- A neighboring lot is included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,964
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,280
$1.3M
Cap Rate 7%
$899,486
$899.5K
Cap Rate 9%
$699,600
$699.6K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$114.5K $21.60/SF
− Vacancy
−$13.7K −$2.59/SF
EGI
$100.7K $19.01/SF
− OpEx
−$37.8K −$7.13/SF
NOI
$63.0K $11.88/SF
Area
Waukesha County, WI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,280
Cap Rate 7%
$899,486
Cap Rate 9%
$699,600
Alternative Uses
Best Use
Mixed Use
$899.5K
$787.1K – $1.05M
NOI $62,964 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$804.3K
$703.7K – $938.3K
NOI $56,298 @ 7.0% cap · market cap 5.12%
Theoretical Best
Flex RnD
$2.70M
$2.37M – $3.16M
NOI $189,348 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 53051, WI
38,562
Population
16,972
Households
2.3
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
1,158
Density / Sq Mi
$98,423
Median Household Income
$60,331
Median Earnings
$1,257
Median Rent
$341,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial units and four apartments provide distinct residential and business components within one property.
Where is this mixed-use property located?
The property is located at N88w16731 Appleton Avenue #N88W16733 Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,300‑square‑foot mixed‑use property; Two commercial spaces and four residential apartments; A neighboring lot is included with the property
