4-Unit Mixed-Use
New
For Sale
$850,000
N91W16356 Pershing Ave, Menomonee Falls, WI 53051
A restaurant and bar tenant occupies the commercial space, alongside four apartments and a garage with office space.
Property SizeContact for details
Days on Market4
Property Features for N91W16356 Pershing Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
8.6%
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Hollrith Realty, Inc
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 8:33AM
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 Hollrith Realty, Inc
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Investment Insights
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Built in 1920, this mixed-use property combines four apartments with a restaurant and bar tenant. The apartment mix includes three-bedroom, two-bedroom, one-bedroom, and studio units. Three apartments have been remodeled within the past five years. A garage with office space is also part of the property; the restaurant business is not included in the sale.
The building is in downtown Menomonee Falls, within 100 yards of two large apartment complexes and multiple retail centers. The restaurant and bar tenant has operated for more than 60 years.
The building is in downtown Menomonee Falls, within 100 yards of two large apartment complexes and multiple retail centers. The restaurant and bar tenant has operated for more than 60 years.
Key Highlights
- Four apartments: 3‑bedroom, 2‑bedroom, 1‑bedroom, and studio
- Three of the four apartments remodeled within the last 5 years
- Garage with office space
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restaurant and bar tenant occupies the commercial space, alongside four apartments and a garage with office space.
Where is this mixed-use property located?
The property is located at N91W16356 Pershing Ave Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four apartments: 3‑bedroom, 2‑bedroom, 1‑bedroom, and studio; Three of the four apartments remodeled within the last 5 years; Garage with office space
