5407 & 5501 West Mill Road Milwaukee, WI 53218

Building Details

Year Built

1966

Listing agency Vieweg Real Estate

Listed by Cole Babcock · License #IL

Source Crexi

Added: Jun 2 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 5:21AM

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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.

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

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FAQs

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