Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    422 N 15Th St Milwaukee, WI 53233

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Historic Milwaukee building, renovated in 2018, suitable for office/events.

    Property size:
    11,532 SF
    Lot size:
    0.17 Acres

    Property Features for 422 N 15Th St

    General Information

    Size
    11,532 SF
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    John Mazza
    Source: Moodyscre

    Listing Agency: CBRE, Inc. Listing Agent: John Mazza

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Historic Office and Event

    This historic building, located in Milwaukee’s St. Paul Avenue Design District, was completely renovated in 2018. The renovation included updates to the electrical, plumbing, and HVAC systems, transforming the property into an office building and event space. The interior features restored brick and timber construction, complemented by modern conveniences such as an elevator and restrooms. The exterior showcases cream city bricks, facade signage, and a color-changing lighting system designed to attract attention from passing traffic on I-94. The property offers 11,532 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    River Valley Historic ... Hotel & Motel SELAROM Construction, LLC Construction Company Christopher Kidd and Associates, ... Architecture Firm Greywolf IT Tech Support Center Mindfully Clean LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9311309
    Latitude
    43.0352234

    Nearby Similar for Sale

    • $500,000
      9,688 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with flexible spaces and ample parking.
      9306 N 107Th St, Milwaukee, WI 53224
      View Details
    • $499,900
      2,863 SF

      Prime Commercial Building on 76th

      Free-standing building in high-traffic commercial area, priced to sell.
      3171 S 76Th St, Milwaukee, WI 53219
      View Details
    • New
      $255,000
      3,128 SF

      Mixed-Use Commercial Property in Milwaukee

      Highly visible commercial building with flexibility and strong investment potential.
      6425 W Burleigh St, Milwaukee, WI 53210
      View Details
    • $729,900
      9,954 SF

      Mixed-Use Property with Income Potential

      Mixed-use property with apartments and dance hall in Milwaukee.
      2007 W Forest Home Ave, Milwaukee, WI 53215
      View Details
    • New
      $400,000
      0.14 Acres

      Milwaukee Duplex: Turnkey Investment

      Fully rented duplex in Milwaukee, a turnkey investment opportunity.
      217 N 63Rd St, Milwaukee, WI 53213
      View Details
    • $430,000
      0.09 Acres

      Updated Milwaukee Triplex Potential

      Updated triplex with Airbnb potential near Bay View amenities.
      1821 E Oklahoma Ave, Milwaukee, WI 53207
      View Details
    • $500,000
      5,616 SF

      Mixed-Use Investment Opportunity

      Eight-unit mixed-use property with commercial and residential spaces.
      4404 W Burleigh St, Milwaukee, WI 53210
      View Details
    • New
      $455,000
      0.08 Acres

      East Side Duplex Investment Opportunity

      Classic duplex with strong income potential in prime location.
      1712 E Park Pl, Milwaukee, WI 53211
      View Details
    • $229,900
      6,062 SF

      Spacious Church Facility with Parking

      Well-maintained church with offices, open space, kitchen, and parking.
      200 W Concordia Ave, Milwaukee, WI 53212
      View Details
    • $430,000
      0.09 Acres

      Updated Bay View Income Property

      Updated duplex/triplex with Airbnb potential in the heart of Bay View.
      1821 E Oklahoma Ave, Milwaukee, WI 53207
      View Details
    • $575,000
      0.10 Acres

      Milwaukee Triplex Near Lake Michigan

      Three-unit property near Lake Michigan in Bayview neighborhood.
      2801 S Wentworth Ave, Milwaukee, WI 53207
      View Details
    • New
      $324,000
      0.11 Acres

      Full-Brick Duplex in Enderis Park

      Desirable full-brick duplex in Milwaukee's Enderis Park neighborhood.
      2787 N Sholes Ave, Milwaukee, WI 53210
      View Details

    FAQs

    What type of property is this?
    Office building - Historic Milwaukee building, renovated in 2018, suitable for office/events.
    Where is this office building located?
    The property is located at 422 N 15Th St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Beautifully restored interior with brick and timber construction.; - Prime location in Milwaukee’s rapidly growing St. Paul Avenue Design District.; - Completely renovated in 2018.
    (414) 273-0880 Call to check price and availability
    Request Owner's contact information
    422 N 15Th St Milwaukee, WI 53233
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    422 N 15Th St
    Milwaukee, WI 53233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    422 N 15Th St Milwaukee, WI 53233
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Mazza
    (414) 273-0880 (414) 274-1627 (414) 750-1275
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!