Mixed-Use Retail and Office
N91W17151 Appleton Ave, Menomonee Falls, WI 53051
For Sale
Contact for pricing
The combined retail and office property carries C1 – Neighborhood Business zoning.
Property Size2,264 SF
Lot Size0.37 Acres
Price / SF$218.64
Days on Market19
Property Features for N91W17151 Appleton Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Mixed-Use Components
Additional Details
Asking Price
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
Isaac Berg · License WI 89752-94
(414) 278-6862
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 2:37PM
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 Colliers - Milwaukee, Wisconsin
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Investment Insights
Based on property information with market context.
This mixed-use commercial building contains 2,264 square feet of retail and office space. Constructed in 1983, it occupies a 0.37-acre parcel with C1 – Neighborhood Business zoning.
The property is on Appleton Avenue in Menomonee Falls, Wisconsin, with access to I-41.
The property is on Appleton Avenue in Menomonee Falls, Wisconsin, with access to I-41.
Key Highlights
- 2,264‑square‑foot building with retail and office space
- 0.37‑acre parcel
- C1 - Neighborhood Business zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,083
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,660
$641.7K
Cap Rate 7%
$458,329
$458.3K
Cap Rate 9%
$356,478
$356.5K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$47.5K $21.00/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$45.8K $20.24/SF
− OpEx
−$13.7K −$6.07/SF
NOI
$32.1K $14.17/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,660
Cap Rate 7%
$458,329
Cap Rate 9%
$356,478
Alternative Uses
Best Use
Retail
$458.3K
$401.0K – $534.7K
NOI $32,083 @ 7.0% cap · market cap 6.48%
Second Best
Mixed Use
$384.2K
$336.2K – $448.3K
NOI $26,896 @ 7.0% cap · market cap 5.43%
Theoretical Best
Flex RnD
$1.16M
$1.01M – $1.35M
NOI $80,884 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The combined retail and office property carries C1 – Neighborhood Business zoning.
Where is this mixed-use property located?
The property is located at N91W17151 Appleton Ave Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,264‑square‑foot building with retail and office space; 0.37‑acre parcel; C1 - Neighborhood Business zoning
