Historic Office Building with Rooftop
1101 North Market Street, Milwaukee, WI 53202
For Sale
Contact for pricing
Renovated historic office building with rooftop terrace, underground parking, and backup generation in Milwaukee’s CBD.
Property Size42,899 SF
Price / SF$151.52
Days on Market154
Property Features for 1101 North Market Street
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Lease Type
Site & Location
Neighborhood
Highway Access
Building Details
Year Renovated
Tenancy
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
Caroline Dragani · License WI WI112291-94
(262) 613-6542
Source:
Crexi
Added: Jun 10
Changed: Oct 30
Last Checked: Nov 10 at 7:59AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$490,529
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,810,580
$9.8M
Cap Rate 7%
$7,007,557
$7.0M
Cap Rate 9%
$5,450,322
$5.5M
Market Conditions
NOI Build-Up for 42,899 SF
Gross rent
$849.4K $19.80/SF
− Vacancy
−$195.4K −$4.55/SF
EGI
$654.0K $15.25/SF
− OpEx
−$163.5K −$3.81/SF
NOI
$490.5K $11.43/SF
Area
Milwaukee, WI
Vacancy
23.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,810,580
Cap Rate 7%
$7,007,557
Cap Rate 9%
$5,450,322
Alternative Uses
Best Use
Office B
$7.01M
$6.13M – $8.18M
NOI $490,529 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.31M
$9.02M – $12.03M
NOI $721,630 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Milwaukee, WI
Properties on Market for Office buildings in Milwaukee
Vacancy Rate% for Office in Milwaukee, WI
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 $6,500,000.
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.
