Franklin, WI
Commercial Real Estate Market Trends & Data

$180 Avg asking sale price
$1,044 Avg asking lease rate
19,579 SF Avg unit lease size
36,187 SF Avg building size for sale
7.65% Average cap rate

Franklin's Demographic Profile

Franklin has 13,445 households and a median income of $100,490, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 33,076
# Households 13,445
Median age 45
Median household income $100,490
Avg household size 2.0
Renter-occupied housing units 3,358
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Franklin, WI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Franklin $196 22,783 SF 8.00%
Greendale $287 37,500 SF 8.00%
Hales Corners $289 22,149 SF 7.00%
Greenfield $233 27,266 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Franklin $235 31,114 SF
Greendale $595 11,145 SF
Greenfield $595 11,145 SF
Oak Creek $198 41,465 SF
Muskego $185 25,976 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bay View $157 10,546 SF 6.56%
Milwaukee $125 29,311 SF 9.34%
Wauwatosa $101 7,200 SF 7.20%
Racine $99 16,437 SF 6.10%

Commercial Properties For Sale in Franklin

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Walgreens

Franklin, WI 53132

  • 15,120 SF Retail Building
  • 8.50% Cap Rate
  • $3,517,518
For Sale

2025 W Southbranch Blvd

Oak Creek, WI 53154

  • 98,334 SF Industrial Building
  • $6,875,000
For Sale

Aurora Health Care

Greenfield, WI 53220

  • 37,500 SF Office Building
  • 8.00% Cap Rate
  • $10,768,138
For Sale

The Learning Experience

Oak Creek, WI 53154

  • 10,000 SF Retail Building
  • 7.10% Cap Rate
  • $5,915,493
For Sale

District Office

Oak Creek, WI 53154

  • 23,675 SF Office Building
  • $2,200,000
For Sale

2600 W Corporate Preserve Dr

Oak Creek, WI 53154

  • 1.93 AC Lot
  • 1 Commercial Lot
  • $149,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Franklin pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Franklin $180 36,187 SF
Greendale $329 21,403 SF
Hales Corners $205 22,149 SF
Greenfield $260 44,313 SF
Oak Creek $158 41,683 SF

Regional Demographic Comparison

This comparison places Franklin alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Franklin or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Franklin 33,076 13,445 45 $100,490 2 3,358 -3%
Greendale 13,954 5,771 44 $86,445 2 1,977 -3%
Hales Corners 7,216 3,168 44 $88,231 2 1,336 -3%
Greenfield 36,000 16,507 43 $67,063 2 7,153 -2%
Oak Creek 35,499 14,711 40 $86,340 2 6,326 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Franklin, WI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Franklin

View All Commercial Real Estate For Sale in Franklin
Is Franklin a good market for a first-time commercial real estate investor?

Franklin offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Franklin?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Franklin. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Franklin?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Franklin. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Franklin compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Franklin. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Franklin acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Franklin, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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