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    224-246 E Chicago St Milwaukee, WI 53202

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    For Lease
    $17 SF/Yr

    Unique office space in Milwaukee's Historic Third Ward.

    Property size:
    29,137 SF
    Lot size:
    0.73 Acres

    Property Features for 224-246 E Chicago St

    General Information

    Size
    29,137 SF
    Lot size
    0.73 Acres

    Source: Colliers - Milwaukee Agent Michael Wanezek

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

    Overview

    Historic Third Ward Office Space

    Located at 246 E. Chicago St., this iconic three-story structure, known as the Third Ward Center, was originally built in 1917 for the Monarch Manufacturing Company. The building offers nearly 120,000 square feet of space. The current layout blends the building's history with sharp styling and user-focused amenities. Situated in the Historic Third Ward, the location provides access to a variety of food, drink, and shopping options. The Third Ward Center offers unique space with a blend of history, sleek styling, and modern amenities.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Daycare Center Building Supply Kitchen & Bath Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9081827
    Latitude
    43.0329419

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    FAQs

    What type of property is this?
    Office space - Unique office space in Milwaukee's Historic Third Ward.
    Where is this office space located?
    The property is located at 224-246 E Chicago St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Located in the highly sought-after Historic Third Ward with access to food, drink, and shopping.; - Unique blend of historic architecture and modern, sleek styling.; - Substantial space with nearly 120,000 square feet.
    (920) 265-3747
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    224-246 E Chicago St Milwaukee, WI 53202
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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
    224-246 E Chicago St Milwaukee, WI 53202
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