5038 W North Ave #5040, Milwaukee, WI 53208 - Photo 1

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$395,000

For Sale
Active
Retail
6,412 Sq. Ft.
Updated 6 days ago

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Property Description

This Mixed-Use Commercial Building has tons of potential with 1st floor Commercial space that is being lease to an event planner on a MTM bases.There is also, 2-2bdrm apts., 4 vacant office spaces, on the 2nd floor. There is also space in the rear 1st floor, that could be more finished office space, warehouse, etc. Currently bring in $2,850 per month, however, could be more than doubled that once fully occupied

Full Property Details

Full Property Details for 5038 W North Ave #5040

General

Price: $395,000
Taxes: $4,747 (2024)
Status: Active
Type: Retail
Source: MetroMLS_Milwaukee_Wirex
MLS ID: 1942232
Updated: 11/22/2025
Added to Site: 88 day(s) ago

Additional Information

Other Features: Display Window, Office(s), Other

Location

Municipality: City
County: Milwaukee
Driving Directions: GPS/Mapquest
Dist. to Freeway: Less than 1 Mile
Location Details: Corner, Freestanding, Near Public Transit

Heating & Cooling

Heating/Cooling: Hot Water/Steam

Utilities

Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

Structure Type: Office(s), Retail, Storage, Warehouse
Exterior Const.: Brick
Basement Desc.: Full
Roof: Composition
Ceiling Height: 8 to 10 Feet
Drive-In Clearance: No Truck Door
Stories Description: 2
Square Feet: 6,412
Year Built: 1939

Lot Features

Lot Size (Acres): 0.11
Frontage: Near Public Transit, Town/City Road
Zoning: LB2 Commercial

Financial Considerations

For Sale/Rent/Lease: For Lease Only
Tax Amount: $4,747.87
Tax Year: 2024

Listed by Acquire Realty LLC

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Schools

Schools serving 5038 W North Ave #5040

School District:Milwaukee School District

Name	Grades	Distance
Milwaukee French Immersion School 2360 North 52nd Street, Milwaukee, WI 53210	PK-5	0.1 mi
Hi-Mount Community School 4921 West Garfield Avenue, Milwaukee, WI 53208	PK-8	0.2 mi
Milwaukee Academy of Chinese Language 2430 West Wisconsin Avenue, Milwaukee, WI 53233	PK-8	2.2 mi
Milwaukee School of Languages 8400 West Burleigh Street, Milwaukee, WI 53222	6-12	2.3 mi
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205	6-8	2.9 mi
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202	6-8	3.9 mi
Washington High School of Information Technology 2525 North Sherman Boulevard, Milwaukee, WI 53210	9-12	0.5 mi
Milwaukee High School of the Arts 2300 West Highland Avenue, Milwaukee, WI 53233	9-12	2.1 mi
Rufus King International High School 1801 West Olive Street, Milwaukee, WI 53209	9-12	3.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5038 W North Ave #5040 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/07/2025

Listed

$395,000

58%

MLS

6/17/2022

Sold

$250,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 5038 W North Ave #5040

Year

Property Taxes

Change

Tax Assessment

Change

2024

$11,509

50%

$207,100

—

2023

$7,653

85%

$207,100

19%

2022

$4,143

$174,000

62%

2021

$3,817

$107,700

—

2019

$3,597

$108,000

—

2018

$3,574

-11%

$108,000

—

2017

$4,011

-13%

$108,000

-15%

2016

$4,627

-18%

$127,000

-14%

2014

$5,640

$148,000

—

2013

$5,520

$148,000

—

2012

$5,490

—

$148,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 5038 W North Ave #5040

5038 W North Ave #5040, Milwaukee, WI 53208 (MLS# 1942232) is a Retail property. 5038 W North Ave #5040 is currently listed for $395,000 and was received on November 07, 2025. Want to learn more about 5038 W North Ave #5040? Do you have questions about finding other Retail real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

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5038 W North Ave #5040 Milwaukee, WI 53208