Heavy Industrial Park
For Sale
Contact for pricing
2600 N 32ND ST, Milwaukee, WI 53215
Versatile heavy industrial campus offered in an online auction event with contingencies allowed.
Property Size700,000 SF
Lot Size26.00 Acres
Days on Market98
Property Features for 2600 N 32ND ST
General Information
Standard status
Active
Size
700,000 SF
Lot size
26.00 Acres
Property subtype
Industrial
Zoning
Industrial Heavy
Site & Location
Neighborhood
Metcalfe Park
Building Details
Year Built
1908
Stories
4
Units
1
Listing Agency:
LFC Marketing Services, Inc.
Listed By:
William Lange · License #01197453
(949) 706-6150
Source:
Crexi
Added: Jul 24
Changed: Oct 28
Last Checked: Oct 28 at 8:00AM
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 LFC Marketing Services, Inc.
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Investment Insights
Based on property information with market context.
FRE Auctions presents the Online Auction Plus® event (allows for contingencies) for the Master Lock campus, offering a versatile heavy industrial park setting for redevelopment planning. The property is described as approximately 126 acres, suited for reimagining as a multi-tenant logistics park, a large regional e-commerce fulfillment center, or a specialized heavy manufacturing headquarters.
The offering is located at 2600 N 32ND ST in Milwaukee, WI. Additional details are available through FRE at the event link provided in the listing remarks.
The offering is located at 2600 N 32ND ST in Milwaukee, WI. Additional details are available through FRE at the event link provided in the listing remarks.
Key Highlights
- 126‑acre heavy industrial park campus
- Year built: 1908
- Offered in an online auction event that allows contingencies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,587,584
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,751,680
$611.8M
Cap Rate 7%
$436,965,486
$437.0M
Cap Rate 9%
$339,862,044
$339.9M
Market Conditions
NOI Build-Up for 700,000 SF
Gross rent
$45.95M $65.64/SF
− Vacancy
−$2.25M −$3.22/SF
EGI
$43.70M $62.42/SF
− OpEx
−$13.11M −$18.73/SF
NOI
$30.59M $43.70/SF
Area
ZIP 53215
Vacancy
4.90%
Lease Rate
$65.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,751,680
Cap Rate 7%
$436,965,486
Cap Rate 9%
$339,862,044
Alternative Uses
Best Use
Warehouse
$530.60M
$464.28M – $619.03M
NOI $37,142,066 @ 7.0% cap · market cap 3,714,206,600.00%
Second Best
Industrial
$436.97M
$382.34M – $509.79M
NOI $30,587,584 @ 7.0% cap · market cap 3,058,758,400.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
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Business Placement
Demographics for 53215, WI
59,359
Population
21,307
Households
2.8
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
5.5 sq mi
ZIP Area
10,793
Density / Sq Mi
$49,207
Median Household Income
$32,261
Median Earnings
$933
Median Rent
$148,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Distribution center - Versatile heavy industrial campus offered in an online auction event with contingencies allowed.
Where is this distribution center located?
The property is located at 2600 N 32ND ST Milwaukee, WI.
What are key features of this property?
This property features: 126‑acre heavy industrial park campus; Year built: 1908; Offered in an online auction event that allows contingencies
