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Historic Three-Story Office Building
For Sale
$875,000

3500 N Sherman Blvd, Milwaukee, WI 53216

Elevator-served commercial property with updated accessibility features and rear surface parking.

Property Size23,240 SF
Price / SF$37.65
Days on Market53

Property Features for 3500 N Sherman Blvd

General Information

Standard status Active
Size 23,240 SF
Elevators Yes
Property subtype Commercial
Occupancy 100%

Additional Details

Public Transit Yes

Amenities

security system

Building Details

Year Built 1958
Year Renovated 2025
Stories 3
Tenancy Multi
Abandoned No
Listing Agency: Coldwell Banker Realty
Listed By: Florence Carneol
Source: Viewhomesinwisconsin
Added: Jul 11 Changed: Aug 31 Last Checked: Aug 31 at 5:27PM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This three-story office building contains more than 23,000 square feet and provides restrooms on every level. A modernized elevator installed in 2021 serves the upper floors, with front and rear stairwells providing additional circulation. The property also includes a security system covering the lobby and rear entrances, two boilers installed in 2020, and two additional boilers installed in 2021. Two restrooms were updated for handicap accessibility during 2024–2025, while the lower level has been framed for potential office use and includes an updated restroom.

The building occupies a highly visible position at 3500 N Sherman Blvd in Milwaukee’s Roosevelt Grove/Sherman Park corridor, with access to public transportation. A rear surface parking lot was paved in 2019. The property is fully occupied and includes some long-term tenants. Originally constructed in 1958, the building previously served as the home of WOKY radio.

Key Highlights

  • 23,000+ sq ft office building with three stories
  • Modernized elevator installed in 2021; restrooms located on each floor
  • Two handicap‑accessible restrooms updated during 2024–2025

Property Analytics

Current Use

Advantage Property Management Property Management Company Margarita Drumgoole Counselor Comfort Home CBRF ... Training Center Milani's Barber & Beauty ... Barber Shop P Da Barber Barber Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Parking Lot & Garage Accounting Firm

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

797
Businesses Nearby

Demographics for 53216, WI

30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value

Market

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 building - Elevator-served commercial property with updated accessibility features and rear surface parking.
Where is this office building located?
The property is located at 3500 N Sherman Blvd Milwaukee, WI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 23,000+ sq ft office building with three stories; Modernized elevator installed in 2021; restrooms located on each floor; Two handicap‑accessible restrooms updated during 2024–2025
More about this property
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