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Historic Walker's Point Office Building
For Lease
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228 S 1st St, Milwaukee, WI 53204

Office building in vibrant Walker’s Point, near Historic Third Ward.

Space Size9,269 SF
Lot Size0.32 Acres
Days on Market3147

Property Features for 228 S 1st St

General Information

Standard status Active
Size 9,269 SF
Lot size 0.32 Acres
Property subtype OFFICE

Spaces For Lease

at 228 S 1st St Contact us

Unique Walker's Point Location $16.50 – $19.50/SF/Yr

Floor
1
Size
9,269 SF
Type
OFFICE
Lease Type
NET_NNN
Availability
AVAILABLE, Now
Sublease
No
Coming Spring 2021. Located in vibrant Walker’s Point. Walking distance to the...
show more
Contact us

Unique Walker's Point Location $16.50 – $19.50/SF/Yr

Floor
2
Size
9,269 SF
Type
OFFICE
Lease Type
NET_NNN
Availability
AVAILABLE, Now
Sublease
No
Coming Spring 2021. Located in vibrant Walker’s Point. Walking distance to the...
show more
Contact us

Unique Walker's Point Location $16.50 – $19.50/SF/Yr

Floor
3
Size
9,269 SF
Type
OFFICE
Lease Type
NET_NNN
Availability
AVAILABLE, Now
Sublease
No
Coming Spring 2021. Located in vibrant Walker’s Point. Walking distance to the...
show more
Contact us

Unique Walker's Point Location $12 – $13/SF/Yr

Floor
LL
Size
9,269 SF
Type
OFFICE
Lease Type
NET_NNN
Availability
AVAILABLE, Now
Sublease
No
Coming Spring 2021. Located in vibrant Walker’s Point. Walking distance to the...
show more
Contact us
Listing Agency: Founders 3 Real Estate Services - Corporate
Listed By: Patricia Stevens
Source: Moodyscre
Added: Jan 31, 2018 Changed: Sep 9 Last Checked: Sep 13 at 4:21AM

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

Investment Insights

Based on property information with market context.

Located in the Walker’s Point neighborhood, this office building is within walking distance of the Historic Third Ward and minutes from I-94, I-43, and I-794. The property offers building signage opportunities for a large tenant. Gated and street parking are available. The entire building has been sandblasted and cleaned. The property benefits from high visibility and is surrounded by a thriving business district and high-end residential complexes. The building has historic significance. The property has a size of 37076 square feet.

Key Highlights

  • Unbeatable visibility in a thriving business district.
  • Located in vibrant Walker’s Point, walking distance to the Historic Third Ward.
  • Building signage available for a large Tenant.

Property Analytics

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Open Analytics

Current Use

THE GOOD LAND STUDIO Production Facility Park Hill Multimedia Film Production Alpha Bang Studio Museum Alphabang Art Space Museum

Suggested Use

Top Pick Butcher Electrical Service (Bike/Boat/Book/etc) Store Nursing Home Carpet & Flooring Store Tanning Salon

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,088
Businesses Nearby

Demographics for 53204, WI

39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Milwaukee, WI

$17.75 /SF/Yr
Avg Asking Price
$7–$25 /SF/Yr
Price Range
46,539 SF
Avg Space Size

This space is priced 32% below the average of $17.75 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building in vibrant Walker’s Point, near Historic Third Ward.
Where is this office building located?
The property is located at 228 S 1st St Milwaukee, WI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Unbeatable visibility in a thriving business district.; Located in vibrant Walker’s Point, walking distance to the Historic Third Ward.; Building signage available for a large Tenant.
(414) 243-9282 Call to check price and availability
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