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    225 E Michigan St Milwaukee, WI 53202

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    For Lease
    $13 SF/Yr ($4,068 /Mo)

    Historic building with Grain Exchange Room in Milwaukee's Hi-Fi District.

    Property size:
    3,616 SF
    Lot size:
    0.33 Acres

    Property Features for 225 E Michigan St

    General Information

    Size
    3,616 SF
    Lot size
    0.33 Acres

    Source: Hunter Real Estate LLC Agent Matt Hunter

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

    Overview

    Historic Building in Hi-Fi District

    This historic building, constructed in 1876 for Alexander Mitchell, has been the location of the Swingin’ Door Restaurant since 1973. The property features the Grain Exchange Room, a three-story ballroom suitable for various events. The building is situated in the Historic Financial (Hi-Fi) District, providing convenient access to downtown and the Third Ward. Surface and structure parking are available within walking distance. The property is located along the Milwaukee Streetcar route. The building has a size of 45,975 square feet. The lease rate is $13.50 per square foot NNN, with estimated operating expenses of $9.50 per square foot. Available space is approximately 3,616 square feet. It can be used as office space, restaurants, or retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Grain Exchange - A Bartolotta ... Event Venue Daily Reporter Media Company David A Paris Dental Clinic Mackie Flats Apartment Building J. Jeffers & Company Real Estate Developer

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9080526
    Latitude
    43.0372486

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    FAQs

    What type of property is this?
    Office space - Historic building with Grain Exchange Room in Milwaukee's Hi-Fi District.
    Where is this office space located?
    The property is located at 225 E Michigan St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Historic Grain Exchange Room: Unique 3-story ballroom ideal for events.; - Prime Hi-Fi District Location: Easy access to downtown and the Third Ward.; - Significant Historical Value: Built in 1876, home to the Swingin’ Door Restaurant since 1973.
    (414) 931-9931
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    Milwaukee, WI 53202
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    Realmo Value Estimation

    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.

    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.

    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
    225 E Michigan St Milwaukee, WI 53202
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