Historic Office Building with Rooftop
For Sale
Contact for pricing
1101 North Market Street, Milwaukee, WI 53202
Renovated historic office building with rooftop terrace, underground parking, and backup generation in Milwaukee’s CBD.
Property Size42,899 SF
Price / SF$138.70
Days on Market57
Property Features for 1101 North Market Street
General Information
Standard status
Active
Size
42,899 SF
Total Parking Spaces
48
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2013
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
Caroline Dragani · License #WI112291-94
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 5 at 7:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Milwaukee, Wisconsin
Investment Insights
Based on property information with market context.
This historic Milwaukee office building was originally the home to Blatz Brewing Co. The property was recently refinished and aesthetically upgraded in 2013, and offers an opportunity for prominent signage. An on-site back-up generator supports business continuity. Parking is available with 35 heated underground spaces plus 13 additional surface stalls.
Located in Milwaukee’s Central Business District, the building sits conveniently on Water Street, surrounded by venues, restaurants, and retail shops. Additional city parking lots are within walking distance, and the area offers easy access to I-43 & I-94.
For tenants or owner-users, the combination of refined historic character, on-site parking, and back-up power can support a wide range of office requirements. The rooftop terrace and signage opportunity add practical options for tenant branding, client meetings, or occasional tenant use, while the surrounding retail and dining environment supports day-to-day convenience for staff and visitors.
Located in Milwaukee’s Central Business District, the building sits conveniently on Water Street, surrounded by venues, restaurants, and retail shops. Additional city parking lots are within walking distance, and the area offers easy access to I-43 & I-94.
For tenants or owner-users, the combination of refined historic character, on-site parking, and back-up power can support a wide range of office requirements. The rooftop terrace and signage opportunity add practical options for tenant branding, client meetings, or occasional tenant use, while the surrounding retail and dining environment supports day-to-day convenience for staff and visitors.
Key Highlights
- Historic Milwaukee building originally built as the home of Blatz Brewing Co.
- Recently refinished and aesthetically upgraded in 2013.
- 35 heated underground parking spaces plus 13 additional surface stalls.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $849.4k | $19.80 |
| − Vacancy | −$195.4k | −$4.55 |
| EGI | $654.0k | $15.25 |
| − OpEx | −$163.5k | −$3.81 |
| NOI | $490.5k | $11.43 |
42,899 SF · lease $19.80/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.01M
$6.13M – $8.18M
NOI $490,529 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.31M
$9.02M – $12.03M
NOI $721,630 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Office in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated historic office building with rooftop terrace, underground parking, and backup generation in Milwaukee’s CBD.
Where is this office building located?
The property is located at 1101 North Market Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Historic Milwaukee building originally built as the home of Blatz Brewing Co.; Recently refinished and aesthetically upgraded in 2013.; 35 heated underground parking spaces plus 13 additional surface stalls.
