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Mixed-Use

11200 W Greenfield Ave

11200 W Greenfield Ave, West Allis, WI 53214

Listing Price: $575,000

Cap Rate
6.84%
Number of Units
6
Occupancy
100.0%
Price/Unit
$95,833
Price/Gross SF
$62.55
Gross SF
9,192

Investment Overview

Marcus & Millichap is pleased to present 11200 W. Greenfield Avenue in the City of West Allis (Milwaukee County), Wisconsin. The property comprises a 0.35-acre parcel improved with a six-unit, mixed use building. The owner stated that there have not been any non-payments due to Covid-19. The building was constructed in 1947 and contains 9,192 square feet (per assessor's records). The front building section has a brick exterior along its front and sides. It has a pitched roof with dimensional shingle roof covering. The rear building section has a mostly masonry exterior and flat roof with rubber membrane covering (replaced for $35,570 in 2015 per owner). The building comprises five office suites on the first floor with a second floor, three-bedroom, one-bath apartment unit. With the exception of the east suite (Amici Studio), all suites have gas-fired furnaces and central air conditioning. Most of the HVAC units (except for the 11212 Suite) have been replaced within the past six years (per owner). The Amici Studio has electric baseboard heat and two air conditioner units. There is adequate on-site parking on newer asphalt paving (replaced for $26,413 in 2017 per owner).

Investment Highlights

  • Desirable Location
  • Longer-Term Commercial Tenants
  • Well Maintained Building; Newer HVAC Units (Majority of Suites)
  • Adequate Surface Parking on Newer Asphalt Paving
  • Zero Non-Payments During Pandemic

Exclusively Listed By

Listing Price: $575,000

Cap Rate
6.84%
Number of Units
6
Occupancy
100.0%
Price/Unit
$95,833
Price/Gross SF
$62.55
Gross SF
9,192

Investment Highlights

  • Desirable Location
  • Longer-Term Commercial Tenants
  • Well Maintained Building; Newer HVAC Units (Majority of Suites)
  • Adequate Surface Parking on Newer Asphalt Paving
  • Zero Non-Payments During Pandemic

Investment Overview

Marcus & Millichap is pleased to present 11200 W. Greenfield Avenue in the City of West Allis (Milwaukee County), Wisconsin. The property comprises a 0.35-acre parcel improved with a six-unit, mixed use building. The owner stated that there have not been any non-payments due to Covid-19. The building was constructed in 1947 and contains 9,192 square feet (per assessor's records). The front building section has a brick exterior along its front and sides. It has a pitched roof with dimensional shingle roof covering. The rear building section has a mostly masonry exterior and flat roof with rubber membrane covering (replaced for $35,570 in 2015 per owner). The building comprises five office suites on the first floor with a second floor, three-bedroom, one-bath apartment unit. With the exception of the east suite (Amici Studio), all suites have gas-fired furnaces and central air conditioning. Most of the HVAC units (except for the 11212 Suite) have been replaced within the past six years (per owner). The Amici Studio has electric baseboard heat and two air conditioner units. There is adequate on-site parking on newer asphalt paving (replaced for $26,413 in 2017 per owner).

Exclusively Listed By

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