Multi-Tenant Industrial
5407 & 5501 West Mill Road Milwaukee, WI 53218
For Sale
Contact for pricing
Multi-tenant industrial asset with dock-high and drive-in doors plus heavy power on NNN leases.
Property Size41,224 SF
Lot Size2.48 Acres
Price / SF$75.20
Days on Market59
Property Features for 5407 & 5501 West Mill Road
General Information
Standard status
Active
Size
41,224 SF
Lot size
2.48 Acres
Property subtype
Industrial
Building Details
Year Built
1966
Listing Agency:
Vieweg Real Estate
Listed By:
Cole Babcock · License #IL
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 29 at 1:08PM
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 Vieweg Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant industrial property is 99%+ occupied and totals 41,224 square feet across two addresses. The building offers 14’–16’ clear height, four dock-high doors, three drive-in doors, and three-phase heavy power with 600 amps. The site includes 40 parking spaces and is operated under an NNN structure designed to shift most operating costs to tenants, supporting low landlord-management requirements. The property is anchored by Bell Ambulance, which occupies more than 27% of the space under a long-term NNN lease expiring August 2033.
Fronting Mill Road, the asset provides access to Wisconsin Highway 145 and Interstate 43 for routes into Downtown Milwaukee. The Milwaukee Northwest submarket context is supported by 2024 annual rent growth of 7.8%, and the remarks note no new industrial supply under construction.
For buyers seeking a leased industrial investment, the tenant profile includes an anchor with long-duration occupancy and a defined lease expiration date, along with additional existing tenants contributing to overall occupancy. The property generated $264,791 in NOI in 2025 based on actual operations, and the offering reflects an 8.54% cap rate on the stated price.
Fronting Mill Road, the asset provides access to Wisconsin Highway 145 and Interstate 43 for routes into Downtown Milwaukee. The Milwaukee Northwest submarket context is supported by 2024 annual rent growth of 7.8%, and the remarks note no new industrial supply under construction.
For buyers seeking a leased industrial investment, the tenant profile includes an anchor with long-duration occupancy and a defined lease expiration date, along with additional existing tenants contributing to overall occupancy. The property generated $264,791 in NOI in 2025 based on actual operations, and the offering reflects an 8.54% cap rate on the stated price.
Key Highlights
- 99%+ occupied 41,224 SF multi‑tenant industrial property at 5407 & 5501 West Mill Road (Milwaukee), built in 1966
- 2.48 acres with 14'–16' clear height, four dock‑high doors, and three drive‑in doors
- Heavy power setup includes three‑phase, 600 amps, plus 40 parking spaces
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- SNSHN Storage Units — 6471 N Industrial Rd, Milwaukee, WI 53223
- Regent Mini-Storage — 4562 W Woolworth Ave, Milwaukee, WI 53218
- Cream City Truckyard — 6101 N 64th St, Milwaukee, WI 53218
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant industrial asset with dock-high and drive-in doors plus heavy power on NNN leases.
Where is this warehouse located?
The property is located at 5407 & 5501 West Mill Road Milwaukee, WI.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 99%+ occupied 41,224 SF multi‑tenant industrial property at 5407 & 5501 West Mill Road (Milwaukee), built in 1966; 2.48 acres with 14'–16' clear height, four dock‑high doors, and three drive‑in doors; Heavy power setup includes three‑phase, 600 amps, plus 40 parking spaces
