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    333 State St Milwaukee, WI 53203

    For Lease
    Contact for pricing

    Prime Milwaukee Retail, 5,000-18,000 SF

    Lot size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Journal Commons presents a unique investment opportunity in Milwaukee's vibrant Entertainment District. This iconic, six-story building, originally constructed in 1924 and extensively renovated in 2020, offers a total of 18,000 square feet of prime retail space. The property boasts a highly desirable location at the intersection of State Street and Vel R. Phillips Avenue, ensuring high visibility and foot traffic. The building is available for lease as a whole (18,000 square feet) or in divisible units with a minimum of 5,000 square feet. This allows for flexibility to accommodate a variety of retail concepts, from single large tenants to multiple smaller businesses. The building's historical character, combined with its modern renovations, creates a truly exceptional setting for any business seeking a unique and memorable presence in the heart of Milwaukee. The presence of elevators within this multi-story building adds to its functionality and accessibility. This is a rare chance to secure a prominent retail space in a thriving, historic district. The property's blend of historical charm and modern amenities makes it an ideal location for businesses seeking a distinctive and high-impact presence. The building's size and layout offer significant potential for a variety of retail uses.

    Property Features for 333 State St

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF

    Building Details

    Year Built/Renovated
    1924/2020
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Street Retail
    Size
    18,000 SF

    HighLights

    • Historic six‑story retail building totaling 18,000 square feet.
    • Located in Milwaukee's Entertainment District at State Street and Vel R. Phillips Ave.
    • Recently renovated in 2020.
    • Multiple tenants possible, with spaces ranging from 5,000 to 18,000 contiguous square feet.
    • Features one building with elevator service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Journal Commons Apartment Building LOCALiQ Advertising Agency

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.916234278309
    Latitude
    43.04292165265

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    FAQs

    What type of property is this?
    Specialty property - Prime Milwaukee Retail, 5,000-18,000 SF
    Where is this specialty property located?
    The property is located at 333 State St Milwaukee, WI.
    What are key features of this property?
    This property features: Historic six-story retail building totaling 18,000 square feet.; Located in Milwaukee's Entertainment District at State Street and Vel R. Phillips Ave.; Recently renovated in 2020.
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    Milwaukee, WI 53203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    333 State St Milwaukee, WI 53203
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