Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1551 N Prospect Ave Milwaukee, WI 53202

    For Sale
    Contact for pricing

    Office building on Milwaukee's East Side with parking.

    Property size:
    6,000 SF
    Lot size:
    0.24 Acres

    Property Features for 1551 N Prospect Ave

    General Information

    Size
    6,000 SF
    Lot size
    0.24 Acres

    Source: CBRE, Inc. Agent John Mazza

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

    Overview

    East Side Office Building

    Located on Milwaukee’s East Side, 1551 N Prospect Avenue provides approximately 5,709 square feet of office space distributed across three floors and a basement. The property, situated on a 0.24-acre parcel, includes 14 surface parking spaces. Originally constructed in 1901 and subsequently adapted for commercial use, the building features multiple private offices, conference areas, and support spaces. This configuration makes it suitable for professional services or boutique firms seeking a distinctive setting. The building is within walking distance of Lake Michigan and various neighborhood amenities, with convenient access to downtown Milwaukee. Zoned RO2, the property combines historic character with modern functionality in a well-connected, culturally vibrant area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Frank J Schiro ... Family Law Attorney Styler Law Group Attorney The Law Offices of John ... Family Law Attorney Dunn Kevin B Attorney Dubin & Balistreri Ltd Estate Planning Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8936324
    Latitude
    43.0502443

    Nearby Similar for Sale

    • $150,000
      0.12 Acres

      Renovated Duplex in Milwaukee, WI

      Move-in ready 5-bedroom duplex with modern finishes and spacious backyard.
      2619 N 33Rd St, Milwaukee, WI 53210
      View Details
    • $1,800,000
      119,000 SF

      Unique Multi-Building Redevelopment Opportunity

      Four buildings with diverse potential in Milwaukee, Wisconsin.
      4700 N 39Th St, Milwaukee, WI 53209
      View Details
    • $350,000
      0.08 Acres

      Riverwest Duplex with Original Details

      Charming Milwaukee duplex featuring original details and updated kitchens.
      3121 N Dousman St, Milwaukee, WI 53212
      View Details
    • $269,900
      0.08 Acres

      Well-Maintained Duplex Near State Fair Park

      Two-unit property with recent upgrades and income potential.
      521 S 75Th St, Milwaukee, WI 53214
      View Details
    • $429,900
      0.09 Acres

      Updated Bay View Income Property

      Updated triplex with Airbnb potential in the heart of Bay View.
      1821 E Oklahoma Ave, Milwaukee, WI 53207
      View Details
    • $870,000
      7,868 SF

      Riverwest Mixed-Use Investment Opportunity

      Fully leased mixed-use building in Riverwest with strong cash flow.
      2600 N Booth St, Milwaukee, WI 53212
      View Details

    FAQs

    What type of property is this?
    Office building - Office building on Milwaukee's East Side with parking.
    Where is this office building located?
    The property is located at 1551 N Prospect Ave Milwaukee, WI.
    What are key features of this property?
    This property features: - Prime East Side location in Milwaukee, near Lake Michigan and downtown.; - 5,709 sq ft of office space suitable for professional services or boutique firms.; - 14 surface parking spaces included.
    (414) 750-1275
    Request Owner's contact information
    1551 N Prospect Ave Milwaukee, WI 53202
    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.
    1551 N Prospect Ave
    Milwaukee, WI 53202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1551 N Prospect Ave Milwaukee, WI 53202
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.