Multi-Tenant Industrial
For Sale
Contact for pricing
5407 & 5501 West Mill Road, Milwaukee, WI 53218
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 Market99
Property Features for 5407 & 5501 West Mill Road
General Information
Standard status
Active
Size
41,224 SF
Class
C
Total Parking Spaces
40
Lot size
2.48 Acres
Property subtype
Industrial
Zoning
IL-1
Occupancy
99%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$264,791
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
4
Drive-In Doors
3
Heavy Power
Yes
Additional Details
Cap Rate
8.54%
Building Details
Year Built
1966
Year Renovated
1996
Buildings
1
Units
8
Tenancy
Multi
Listing Agency:
Vieweg Real Estate
Listed By:
Cole Babcock · License #IL
(217) 433-0839
Source:
Crexi
Added: Jun 2
Changed: Sep 6
Last Checked: Sep 8 at 8:48AM
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
Current Use
Lease Details
16 ft
Clear height
4
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53218, WI
38,488
Population
15,971
Households
2.4
Avg Household Size
31
Median Age
10%
College-Educated
83%
High-School Grad
5.9 sq mi
ZIP Area
6,523
Density / Sq Mi
$42,207
Median Household Income
$33,622
Median Earnings
$1,034
Median Rent
$122,200
Median Home Value
Market
Vacancy Rate% for Industrial in Milwaukee, WI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cream City Truckyard — 6101 N 64th St, Milwaukee, WI 53218
- SNSHN Storage Units — 6471 N Industrial Rd, Milwaukee, WI 53223
- Regent Mini-Storage — 4562 W Woolworth Ave, 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
