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    252 Highland Ave Milwaukee, WI 53202

    For Lease
    $12 SF/Yr

    Historic Loft Offices, Prime Location

    Lot size:
    67,195 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional office property, The Blatz House Offices, offers 67,195 square feet of versatile space across three interconnected buildings: the Boiler House, Brew House, and Mill House. Built in 1906 and extensively renovated in 2019, this six-story complex boasts 6 suites, with a minimum divisible space of 1,949 square feet and a maximum contiguous space of 10,076 square feet. Currently, 30,876 square feet is available. The property benefits from a desirable downtown Milwaukee location, just blocks from the Deer District, Fiserv Forum, and the Milwaukee School of Engineering. Its proximity to City Hall, theaters, the Trade Hotel, and new residential developments ensures high visibility and strong tenant appeal. The Blatz House Offices share amenities with a nearby 170-unit residential condominium complex, including a beautiful common courtyard and roof deck. Ample parking is available with 125 spaces in a building structure, surface lot, and nearby options. Multiple signage opportunities exist, including building, exterior banner, and lobby placement. An on-site fitness center, featuring an indoor pool, is available to members. This unique property, with its visually appealing loft spaces, presents a compelling investment opportunity in a thriving urban environment.

    Property Features for 252 Highland Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,195 SF
    Total Rate
    67195

    Building Details

    Year Built/Renovated
    1906/2019
    Buildings
    3
    Stories
    6

    Unit(s) available at that property

    Space
    Boiler House - Suite 200
    Size
    10,076 SF
    Rate per SF
    $24
    Space
    Mill House - Suite 300
    Size
    8,227 SF
    Rate per SF
    $24
    Space
    Mill House - Suite 500
    Size
    3,385 SF
    Rate per SF
    $24
    Space
    Brew House - Suite 200
    Size
    2,350 SF
    Rate per SF
    $24
    Space
    Brew House - Suite 500
    Size
    4,889 SF
    Rate per SF
    $24
    Space
    Mill House - Suite 201
    Size
    2,633 SF
    Rate per SF
    $24
    Space
    Mill House - Suite 400
    Size
    1,949 SF
    Rate per SF
    $24
    Space
    Boiler House - Suite 100
    Size
    6,136 SF
    Rate per SF
    $24

    HighLights

    • 67,195 SF traditional office building with multiple tenants in Milwaukee County.
    • 30,876 SF of vacant space available, divisible into units as small as 1,949 SF, with a maximum contiguous space of 10,076 SF.
    • Three interconnected buildings (Boiler House, Brew House, and Mill House) totaling six stories, built in 1906 and renovated in 2019, offering six suites and 125 parking spaces.
    • Excellent signage opportunities including building, exterior banner, and lobby options.
    • Ample parking available in the building's structure, surface lot, street parking, and nearby lots.
    • Prime downtown Milwaukee location near N. Water Street, the Deer District, Fiserv Forum, Milwaukee School of Engineering, and numerous new developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    F3 Marina Property Management Company The Landing at Park Shore Apartment Building F3ApartmentLiving Apartment Rental Agency Founders 3 Real ... Commercial Real Estate Agency Northland Apartments Real Estate Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.909823851231
    Latitude
    43.044985139662

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Loft Offices, Prime Location
    Where is this office property / space located?
    The property is located at 252 Highland Ave Milwaukee, WI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 67,195 SF traditional office building with multiple tenants in Milwaukee County.; 30,876 SF of vacant space available, divisible into units as small as 1,949 SF, with a maximum contiguous space of 10,076 SF.; Three interconnected buildings (Boiler House, Brew House, and Mill House) totaling six stories, built in 1906 and renovated in 2019, offering six suites and 125 parking spaces.
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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
    252 Highland Ave Milwaukee, WI 53202
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