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Historic Third Ward Office Space
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224-246 E Chicago St, Milwaukee, WI

Unique office space in Milwaukee's Historic Third Ward.

Space Size11,037 SF - 29,137 SF
Lot Size0.73 Acres
Days on Market1866

Property Features for 224-246 E Chicago St

General Information

Standard status Active
Size 11,037 SF - 29,137 SF
Lot size 0.73 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 224-246 E Chicago St Contact us

Third Ward Center $17/SF/Yr

Floor
2
Size
11,037 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
The iconic structure that sits at 246 E. Chicago St. was built in 1917 for the Monarch...
show more
Contact us

Third Ward Center $17/SF/Yr

Floor
3
Size
29,137 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
The iconic structure that sits at 246 E. Chicago St. was built in 1917 for the Monarch...
show more
Contact us
Listing Agency: Colliers - Milwaukee
Listed By: Michael Wanezek
Source: Moodyscre
Added: Jul 22, 2021 Changed: Aug 12 Last Checked: Aug 29 at 4:06PM

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 Colliers - Milwaukee

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Buffet 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
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,595
Businesses Nearby

Market

Lease Benchmarks for Milwaukee, WI

$14.03 /SF/Yr
Avg Asking Price
$1.2–$24 /SF/Yr
Price Range
11,937 SF
Avg Space Size

This space is priced 21% above the average of $14.03 /SF/Yr.

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 units - Unique office space in Milwaukee's Historic Third Ward.
Where is this office units 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 Call to check price and availability
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