212 E Mineral St, Milwaukee, WI
Value-add industrial building in Milwaukee's vibrant Harbor District.
- Added:
- Nov 3, 2023
- Days on Market:
- 953
- Last Refresh:
- May 20 at 9:31 pm
Property Features for 212 E Mineral St
General Information
- Standard status
- Active
- Size
- 23,638 SF
- Lot size
- 0.39 Acres
- Property subtype
- INDUSTRIAL
Listing agent Brett Deter License #9056341 (414) 520-1122
Listing office Founders 3 Real Estate Services - Corporate (414) 520-1122
Listing date Nov 3, 2023
Source Moodyscre
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 Founders 3 Real Estate Services - Corporate
HighLights
- Significant improvements including new windows and masonry restoration.
- Ideally located in Milwaukee’s vibrant Harbor District.
- Value‑add opportunity.
- Versatile building, suitable for various uses.
- On‑site parking available.
- New steel doors on the north and east side of building.
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.3k | $5.47 |
| − Vacancy | −$6.3k | −$0.27 |
| EGI | $123.0k | $5.20 |
| − OpEx | −$36.9k | −$1.56 |
| NOI | $86.1k | $3.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9093
- Latitude
- 43.0214
