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    250 Wisconsin Ave Milwaukee, WI 53202

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    For Lease
    Contact for pricing

    Prime Office Suites, 1,166-16,170 SF

    Lot size:
    204,157 SF

    Property Features for 250 Wisconsin Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    204,157 SF
    Total Rate
    170130.83

    Building Details

    Year Built/Renovated
    1973/2016
    Stories
    20

    Spaces For Lease

    at 250 Wisconsin Ave, Milwaukee, WI 53202 Contact us
    Unit 12th Floor Suite 1225

    $14 /Mo

    Size
    3,518 SF
    Contact us
    Unit 12th Floor Suite 1260

    $14 /Mo

    Size
    1,398 SF
    Contact us
    Unit 14th Floor Suite 1400

    $14 /Mo

    Size
    16,170 SF
    Contact us
    Unit 16th Floor Suite 1650

    $14 /Mo

    Size
    3,365 SF
    Contact us
    Unit 11th Floor Suite 1150

    $14 /Mo

    Size
    6,197 SF
    Contact us
    Unit 10th Floor Suite 1000

    $14 /Mo

    Size
    7,104 SF
    Contact us
    Unit Suite 1530

    $10 /Mo

    Size
    2,156 SF
    Contact us
    Unit Suite 910

    $14 /Mo

    Size
    2,086 SF
    Contact us
    Unit 9th floor: Suite 905

    $14 /Mo

    Size
    1,319 SF
    Contact us
    Unit 9th Floor Suite 990

    $14 /Mo

    Size
    1,166 SF
    Contact us
    Unit Suite 725

    $14 /Mo

    Size
    1,884 SF
    Contact us
    Unit 8th Floor Suite 850

    $14 /Mo

    Size
    1,385 SF
    Contact us
    Unit 9th Floor Suite 925

    $10 /Mo

    Size
    3,222 SF
    Contact us
    Unit 8th Floor Suite 820

    $10 /Mo

    Size
    4,638 SF
    Contact us
    Unit Suite 810

    $14 /Mo

    Size
    1,569 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    John Davis
    John Davis

    Listing Agency: Founders 3 Real Estate Services Office & Industrial Brokerage Division Listing Agent: John Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Fifty, located at 250 E Wisconsin Ave in Milwaukee, WI 53202, offers 57,177 square feet of vacant executive office space within a 20-story building totaling 204,157 square feet. Built in 1973 and extensively renovated in 2016, this property boasts a modern lobby, tenant lounge, onsite training center, and fitness center. The building provides ample parking (2 spaces per 1,000 square feet) in a controlled structure, and is conveniently located in Milwaukee's Downtown East submarket, offering easy access to the Milwaukee Skywalk and streetcar. Units range from a minimum of 1,166 square feet to a maximum contiguous space of 16,170 square feet, making it suitable for a variety of business needs. The building's prime location along E. Wisconsin Ave. and its comprehensive amenities create a flexible and convenient work environment. Milwaukee County ownership ensures a high level of service and building maintenance. This exceptional property presents a unique opportunity for businesses seeking a modern and well-appointed office space in a vibrant urban setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zambro Industrial Manufacturer ServingIntel Big Box & Wholesale Store Atty. Tristan R. ... Law Firm Everything2go Big Box & Wholesale Store Mayline2go Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9082342
    Latitude
    43.0388722

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    FAQs

    What type of property is this?
    Restaurant - Prime Office Suites, 1,166-16,170 SF
    Where is this restaurant located?
    The property is located at 250 Wisconsin Ave Milwaukee, WI.
    What is the lease rate?
    The lease rate is $10-$14 SF/Yr.
    What are key features of this property?
    This property features: On-site Conference Center; Tenant Lounge with comfortable seating; State-of-the-art Fitness Center with Bike Storage
    (414) 249-2303 Call to check price and availability
    Request Owner's contact information
    250 Wisconsin Ave Milwaukee, WI 53202
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    Milwaukee, WI 53202
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    250 Wisconsin Ave Milwaukee, WI 53202
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Davis
    John Davis
    Real Estate License ID: 8084494
    (414) 249-2303 (414) 254-5074 (414) 271-1111
    Learn more
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