Flex Space with Office and
New
For Sale
$780,000
2200 Miller Park Way, West Milwaukee, WI 53219
COMMERCIAL - West Milwaukee, WI
Property Size9,490 SF
Lot Size0.45 Acres
Price / SF$82.19
Days on Market1
Property Features for 2200 Miller Park Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M-2
Directions
On Miller Park Way South
Standard status
Active
APN
4731025000
Size
9,490 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12622
Building Details
Year built
1951
Architectural style
Other
Listing Agency:
RE/MAX Lakeside-South · RE/MAX International
(414) 325-0000
Listed By:
Jose Santiago
(414) 430-9633
Added: Aug 3
Last Checked: Aug 3 at 5:06PM
MLS# 1974395
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space property at 2200 Miller Park Way in West Milwaukee offers a practical mix of office space, flex areas, warehouse space, and garages. The building was constructed in 1951 and sits on a 0.45-acre lot, providing room for substantial on-site parking.
Zoned M-2, the property is positioned for a range of commercial and industrial uses and is located along Miller Parkway, a highly visible corridor with convenient access to major highways and the surrounding Milwaukee business area.
With multiple space types under one roof and ample parking on site, the layout can support day-to-day operations that benefit from both office and warehouse/flex functionality.
Zoned M-2, the property is positioned for a range of commercial and industrial uses and is located along Miller Parkway, a highly visible corridor with convenient access to major highways and the surrounding Milwaukee business area.
With multiple space types under one roof and ample parking on site, the layout can support day-to-day operations that benefit from both office and warehouse/flex functionality.
Key Highlights
- 0.45‑acre lot with flex, office, warehouse, and garage components
- 9490 SF flex space with office and warehouse areas
- Zoned M‑2
Financial Insights For Warehouse
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 | $51.9k | $5.47 |
| − Vacancy | −$2.6k | −$0.27 |
| EGI | $49.3k | $5.20 |
| − OpEx | −$7.4k | −$0.78 |
| NOI | $41.9k | $4.42 |
9,490 SF · lease $5.47/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,513 @ 7.0% cap · market cap 13.91%
Second Best
Flex RnD
$1.29M
$1.12M – $1.50M
NOI $89,974 @ 7.0% cap · market cap 11.54%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,637 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - M-2 zoned flex property with office, flex areas, warehouse space, garages, and abundant on-site parking.
Where is this flex space located?
The property is located at 2200 Miller Park Way West Milwaukee, WI.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 0.45‑acre lot with flex, office, warehouse, and garage components; 9490 SF flex space with office and warehouse areas; Zoned M‑2
