3575 N Oakland Ave - Apartments FOR SALE


Shorewood, WI 53211- Shorewood/Whitefish Bay
$7,000,000 USD
414-405-7128
3575 N Oakland Ave, Shorewood, WI for Sale
$7,000,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

3575 N Oakland Ave
Shorewood, WI 53211
Shorewood/Whitefish Bay


HIGHLIGHTS

  • Asset Type: Five-story mixed-use building (Multifamily/Retail)
  • Total Units: 44 residential units + 7,344 SF of ground-floor retail
  • Year Built/Renovated: Originally built in 1962; major renovations in 2009 and 2019
  • Parking: 57 off-street parking spaces
  • Elevator: Recently updated in 2025; serves all five floors and the lower level
  • Great Location: Walkable to shops and restaurants with quick access to I-43

OVERVIEW

The Sheridan, built in 1962 and renovated in 2009 and 2019, is a five-story mixed-use asset featuring 44 residential units and 7,344 SF of stabilized ground-floor retail. The residential mix includes 43 two-bedroom units and one one-bedroom unit, with bath configurations ranging from one to two baths. Common areas and units have been updated, enhancing tenant appeal and operational efficiency. The retail component is leased to McCade Insurance Agency, Exercise Coach, Beu Face & Body Lounge, and Tenderness Health Care, providing diversified, long-term income. A recently updated elevator (2025) serves all five floors and the lower level, which includes laundry facilities, storage lockers, and access to 57 off-street parking spaces. Located just south of Oakland Ave and Capitol Dr, the property sits near the UW–Milwaukee campus and is walkable to restaurants, shops, and entertainment, with quick access to the I-43 interchange. This high-demand location supports strong occupancy and rent growth potential.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

44

PRICE/UNIT

$159,091

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheridan Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1962

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

B-1

APN/PARCEL ID

275-1181-000

ASK ABOUT THIS PROPERTY

Lorna MuellerThe Realty CompanyMore Info
414-405-7128

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Lorna MuellerThe Realty CompanyMore Info
414-405-7128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.