West Allis, WI
Commercial Real Estate Market Trends & Data

$158 Avg asking sale price
$16 Avg asking lease rate
29,345 SF Avg unit lease size
47,859 SF Avg building size for sale
7.00% Average cap rate

West Allis's Demographic Profile

West Allis has 26,188 households and a median income of $62,757, 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 57,407
# Households 26,188
Median age 40
Median household income $62,757
Avg household size 2.0
Renter-occupied housing units 12,281
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Allis, WI

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Allis $155 12,532 SF 5.60%
Greenfield $233 27,266 SF 8.00%
Wauwatosa $80 15,378 SF 12.50%
Hales Corners $289 22,149 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
West Allis $141 78,487 SF
Greenfield $595 11,145 SF
Wauwatosa $108 16,326 SF
Elm Grove $128 19,430 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Wauwatosa $101 7,200 SF 7.20%
Milwaukee $128 31,209 SF 8.03%
Bay View $157 10,977 SF 6.56%
Delafield $351 14,346 SF 6.51%

Commercial Properties For Sale in West Allis

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

2200 S Miller Pky

Milwaukee, WI 53219

  • 9,490 SF Industrial Building
  • $880,000
For Sale

Pawn America Building

Milwaukee, WI 53219

  • 8,105 SF Retail Building
  • 7.56% Cap Rate
  • $1,995,000
For Sale

Rounding Third

Milwaukee, WI 53213

  • 5,910 SF Retail Building
  • $699,900
For Sale

11040 W Bluemound Rd

Wauwatosa, WI 53226

  • 18,000 SF Office Building
  • $749,000
For Sale

Forward Dental West Allis

West Allis, WI 53214

  • 4,363 SF Office Building
  • 5.60% Cap Rate
  • $3,027,140
For Sale

2100 S 57th St

West Allis, WI 53219

  • 2,165 SF Industrial Building
  • $380,000

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

Commercial Markets Avg Cost/SF Average Size
West Allis $158 47,859 SF
West Milwaukee $70 83,750 SF
Greenfield $260 44,313 SF
Wauwatosa $108 86,652 SF
Hales Corners $205 22,149 SF

Multifamily Properties For Sale in West Allis

For Sale

Six Points East Condominiums

West Allis, WI 53214

  • 80,000 SF Multifamily
  • $199,900 - $349,000

Regional Demographic Comparison

This comparison places West Allis 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 West Allis or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
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%
Greenfield 36,000 16,507 43 $67,063 2 7,153 -2%
Wauwatosa 46,244 21,049 39 $93,937 2 8,678 -2%
Hales Corners 7,216 3,168 44 $88,231 2 1,336 -3%

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

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

West Allis 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 West Allis?

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

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

How does West Allis compare to nearby commercial real estate markets?

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

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