Property profile

149 Wisconsin Ave Waukesha, WI 53186

FOR SALE
Office buildings
Property ID
US92-1280915
7,800 SF 0.17 ac lot Built 1965
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 7,800 square foot retail building, located at 149 Wisconsin Ave in Waukesha, Wisconsin, presents a compelling owner-user opportunity. Priced at $395,000 ($50.64/SF), this vacant property boasts a convenient downtown location at a fully signalized corner. Built in 1980, the building sits on a 0.17-acre lot and is zoned B-3. The interior features a completely finished lower level, and the property is easily accessible, with handicap-accessible restrooms and an elevator (currently non-operational). Recent upgrades include a brand new roof and HVAC unit, ensuring efficient and cost-effective operation. The extremely walkable neighborhood offers an abundance of area amenities and retailers, providing high foot traffic and excellent visibility for any business. This property is ideal for a business seeking a prominent location in a thriving downtown area. The building's size and features offer significant potential for a variety of retail uses. The property's location in Waukesha County, Wisconsin, zip code 53186, provides easy access to major transportation routes and a strong local market. This is a rare opportunity to acquire a well-maintained retail space in a prime downtown location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 7,800 SF
Lot 0.17 ac (7,231 SF)
Zoning code B-2
APN WAKC1308089
UPID US92-1280915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

149 Wisconsin Ave Waukesha, WI 53186
Waukesha metro Census 202700 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$885k
Blend (final) Blend
$295k

Owner & transaction history

since 2025
2 recorded transactions
2025
$235,000
2018
Price N/A

Zoning & alternative use

B-2 · Waukesha, WI
Zoning description

To provide appropriate regulations to ensure the compatibility of the diverse uses typical of the downtown area without inhibiting the development of commercial, cultural, entertainment, and other urban activities which…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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