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$389,500 Just Listed

  • For Sale
  • Active
  • Retail
  • 2,100 Sq. Ft.
  • Updated 1 hour ago
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Discover an exceptional opportunity in the Village of Pewaukee. This beautifully updated home sits on a double lot a short distance from Hwy 16, downtown, shops, restaurants, the beach, and Pewaukee Lake. Zoned B-2, it offers rare flexibility for single-family living or business use. Enjoy hardwood floors, a stunning kitchen, spacious mud room, covered porch, private patio, and ample parking with a detached garage. A versatile layout with 2-3 bedrooms and expandable upper bath adds even more potential. Live here, run a business, or create a dynamic mixed-use space--the layout adapts to your vision!

Full Property Details for 338 Oakton Ave

General

  • Price: $389,500
  • Taxes: $3,825 (2025)
  • Status: Active
  • Type: Retail
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1968187
  • Updated: Today (6/19/2026)
  • Added to Site: Today

Additional Information

  • Other Features: Living Space Available, Office(s), Restrooms

Parking

  • Total Spaces: 6

Location

  • Municipality: Village
  • County: Waukesha
  • Driving Directions: Hwy. 16 to Capitol Dr., take Capitol Dr. west and continue on Oakton Ave. to property on left
  • Dist. to Freeway: Less than 1 Mile
  • Location Details: Business District

Heating & Cooling

  • Heating/Cooling: Central Air Conditioning, Forced Air, Natural Gas

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Structure Type: Office(s), Retail
  • Exterior Const.: Wood
  • Basement Desc.: Full
  • Roof: Composition
  • Ceiling Height: 8 to 10 Feet
  • Drive-In Clearance: No Truck Door
  • Stories Description: 2
  • Square Feet: 2,100
  • Year Built: 1870

Lot Features

  • Lot Size (Acres): 0.2
  • Frontage: Town/City Road
  • Zoning: B-2

Financial Considerations

  • For Sale/Rent/Lease: For Lease Only
  • Tax Amount: $3,825
  • Tax Year: 2025

Listed by Lake Country Flat Fee

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— 338 Oakton Ave —

  • Lake Country Flat Fee

info@lakecountryflatfee.com

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 338 Oakton Ave

School District:Pewaukee School District
NameGradesDistance
Pewaukee Lake Elementary School
436 Lake Street, Pewaukee, WI 53072
K-20.5 mi
Horizon School
458 Lake Street, Pewaukee, WI 53072
3-50.6 mi
Asa Clark Middle School
472 Lake Street, Pewaukee, WI 53072
6-80.6 mi
Pewaukee High School
510 Lake Street, Pewaukee, WI 53072
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 338 Oakton Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/19/2026
Listed
$389,500
103.08%
MLS
2/07/2006
Sold
$191,800
—
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 for 338 Oakton Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,656
1%
$324,100
20%
2023
$3,622
-14%
$270,600
—
2022
$4,218
12%
$270,600
19%
2021
$3,781
-6%
$226,900
—
2020
$4,030
17%
$226,900
—
2019
$3,441
12%
$226,900
11%
2018
$3,076
-1%
$204,900
—
2017
$3,119
7%
$204,900
19%
2016
$2,917
—
$171,600
—
2015
$2,914
-2%
$171,600
—
2014
$2,969
24%
$171,600
39%
2013
$2,396
—
$123,500
—
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.

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Listed by Lake Country Flat Fee

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338 Oakton Ave, Pewaukee, WI 53072 (MLS# 1968187) is a Retail property. 338 Oakton Ave is currently listed for $389,500 and was received on June 19, 2026. Want to learn more about 338 Oakton Ave? Do you have questions about finding other Retail real estate for sale in Pewaukee? You can browse all Pewaukee real estate or contact a Coldwell Banker agent to request more information.

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