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Historical Railway Exchange Retail Space
For Lease
$2,468/Mo

231 E Wisconsin Ave, Milwaukee, WI 53202

Retail space available in historic Railway Exchange building.

Space SizeContact for details
Days on Market99

Property Features for 231 E Wisconsin Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: Milwaukee
Listed By: Blake Gaffney · License #9734594
Source: Colliers
Added: May 19 Changed: Aug 22 Last Checked: Aug 25 at 4:59AM

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 Milwaukee

Investment Insights

Based on property information with market context.

The Railway Exchange building, located on the corner of Broadway & Wisconsin Ave, formerly served as the headquarters of the Chicago & Northwestern Railway in the early 1900s. Its historical significance and elegance are showcased through the building's white marble lobby, original porcelain tile floor, and open wrought-iron stairways. This 12-story structure has been a prominent addition to Milwaukee’s skyline. The available retail space offers 3468 square feet.

Key Highlights

  • Historical significance as former Chicago & Northwestern Railway headquarters.
  • Prime location on the corner of Broadway & Wisconsin Ave.
  • Elegant white marble lobby.

Property Analytics

Current Use

Pita Pit Take-out & Catering Culture Bridge Tours Travel Agency Work For Wisconsin Social Service Agency Playbill Flats Apartment Building Majestic Loft Apartments Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Carpet & Flooring Store HVAC Service Buffet Adult Day Care

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
$1.28 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,368
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

$14.38 /SF/Yr
Avg Asking Price
$8–$20 /SF/Yr
Price Range
9,771 SF
Avg Space Size

This space is priced 41% below the average of $14.38 /SF/Yr.

Vacancy Rate% for Retail in Milwaukee, WI

8% 2019
7.7% 2020
6.5% 2021
5.2% 2022
5% 2023
5.3% 2024
7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available in historic Railway Exchange building.
Where is this retail space located?
The property is located at 231 E Wisconsin Ave Milwaukee, WI.
What is the lease rate?
The lease rate is $2,468/Mo.
What are key features of this property?
This property features: Historical significance as former Chicago & Northwestern Railway headquarters.; Prime location on the corner of Broadway & Wisconsin Ave.; Elegant white marble lobby.
More about this property
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