Greenfield, WI
Commercial Real Estate Market Trends & Data

$260 Avg asking sale price
$16 Avg asking lease rate
12,861 SF Avg unit lease size
44,313 SF Avg building size for sale
7.17% Average cap rate

Greenfield's Demographic Profile

Greenfield has 16,507 households and a median income of $67,063, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 36,000
# Households 16,507
Median age 43
Median household income $67,063
Avg household size 2.0
Renter-occupied housing units 7,153
5-year population change -2%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Greenfield $233 27,266 SF 8.00%
Greendale $287 37,500 SF 8.00%
Hales Corners $205 22,149 SF 7.00%
West Allis $155 12,532 SF 5.60%
Franklin $276 22,783 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Greenfield $595 11,145 SF
Greendale $595 11,145 SF
West Allis $141 78,487 SF
Franklin $235 31,114 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bay View $221 10,977 SF 6.56%
Milwaukee $180 31,209 SF 8.03%
Wauwatosa $101 7,200 SF 7.20%
Racine $140 16,437 SF 6.10%

Commercial Properties For Sale in Greenfield

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

Southfield Center

Greenfield, WI 53220

  • 11,145 SF Retail Building
  • 6.82% Cap Rate
  • $6,626,740
For Sale

Aurora Health Care

Greenfield, WI 53220

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

Aurora Health Center

Hales Corners, WI 53130

  • 20,048 SF Office Building
  • 7.00% Cap Rate
  • $5,500,000
For Sale

Fat Patty's and Dunkin'

West Allis, WI 53227

  • 8,000 SF Retail Building
  • 6.85% Cap Rate
  • $3,325,000
For Sale

5011 W Loomis Rd

Milwaukee, WI 53220

  • 0.85 AC Lot
  • 1 Commercial Lot
  • $550,000
For Sale

Hotel Milwaukee Airport

Milwaukee, WI 53221

  • 187,662 SF Hospitality
  • $4,000,000

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 Greenfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Greenfield $260 44,313 SF
Greendale $329 21,403 SF
Hales Corners $205 22,149 SF
West Allis $158 47,859 SF
West Milwaukee $70 83,750 SF

Regional Demographic Comparison

This comparison places Greenfield 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 Greenfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Greenfield 36,000 16,507 43 $67,063 2 7,153 -2%
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%
West Allis 57,407 26,188 40 $62,757 2 12,281 -3%
West Milwaukee 3,819 1,816 38 $44,532 2 1,215 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Greenfield, 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 Greenfield

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

Greenfield 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 Greenfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Greenfield. 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 Greenfield?

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

How does Greenfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Greenfield. 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 Greenfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Greenfield, 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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