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Historic Two-Story Office Building
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1216 N Prospect Ave, Milwaukee, WI 53202

Freestanding office property with original millwork, on-site parking, building signage, and a fenced yard.

Space Size3,792 SF
Days on Market8

Property Features for 1216 N Prospect Ave

General Information

Standard status Active
Size 3,792 SF
Net Rentable 3,792 SF
Class C
Property subtype Office

Space & Availability

Available Space 3,792 SF
Contiguous Space 3,792 SF
Space Use Office

Amenities

bay windows
hardwood floors
original built-in millwork
period fireplace
on-site surface parking
building signage
fenced yard

Building Details

Year Built 1866
Stories 2
Tenancy Single
Building Size 3,792 SF

Spaces For Lease

at 1216 N Prospect Ave Contact us

#1

Size
3,792 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Kesselman Real Estate
Listed By: John Kesselman · License #36050
Source: Crexi
Added: Aug 5 Changed: Aug 11 Last Checked: Aug 11 at 5:33AM

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 Kesselman Real Estate

Investment Insights

Based on property information with market context.

Freestanding office building offering two stories and 3,792 square feet of workspace. Built in 1866, the property retains bay windows, hardwood floors, original built-in millwork, and a period fireplace. On-site features include surface parking, building signage, and a fenced yard.

Located at 1216 N Prospect Ave in Milwaukee’s Downtown East, the property is near Juneau Park and the lakefront. Cathedral Square and the Milwaukee Art Museum are within walking distance, providing a setting surrounded by established civic, cultural, and recreational destinations.

Key Highlights

  • 3,792‑square‑foot, two‑story office building built in 1866
  • Bay windows, hardwood floors, original built‑in millwork, and a period fireplace
  • Freestanding building with on‑site surface parking

Property Analytics

Current Use

4th Dimension Recovery ... Medical Clinic RICHARD M SCHAEFER Physician Shayla La Londe Counselor Dr. Shannon Kelley-Poulos Counselor

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store Building Supply Veterinary Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,648
Businesses Nearby

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

Market

Lease Benchmarks for Milwaukee, WI

$16.54 /SF/Yr
Avg Asking Price
$7–$21.5 /SF/Yr
Price Range
43,041 SF
Avg Space Size

Vacancy Rate% for Office in Milwaukee, WI

16.5% 2019
19.8% 2020
20.4% 2021
21.7% 2022
22.9% 2023
24.7% 2024
24.7% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding office property with original millwork, on-site parking, building signage, and a fenced yard.
Where is this office building located?
The property is located at 1216 N Prospect Ave Milwaukee, WI.
What are key features of this property?
This property features: 3,792‑square‑foot, two‑story office building built in 1866; Bay windows, hardwood floors, original built‑in millwork, and a period fireplace; Freestanding building with on‑site surface parking
(262) 241-0777 Call to check price and availability
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