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    275 Wisconsin Ave Milwaukee, WI 53203

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    For Lease
    Contact for pricing

    Prime Milwaukee retail, multiple units available

    Lot size:
    16,225 SF

    Property Features for 275 Wisconsin Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,225 SF

    Spaces For Lease

    at 275 Wisconsin Ave, Milwaukee, WI 53203 Contact us

    We can help!

    Listing Contact
    Andrew Prater
    Andrew Prater

    Listing Agent: Andrew Prater

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

    Learn more

    Overview

    This exceptional retail opportunity is located in the vibrant 3rd Street Market at 275 W Wisconsin Ave, Milwaukee, WI 53203, within Milwaukee County. The property offers three available retail spaces, ranging in size from 2,828 square feet to 7,032 square feet, totaling 16,225 square feet of vacant space. This prime location benefits from its position within the bustling 3rd Street Market, a dynamic hub featuring over 20 restaurants and a diverse mix of retail and entertainment options. The property's urban commercial setting provides excellent visibility and accessibility for businesses seeking a high-traffic location in the heart of downtown Milwaukee. The multiple tenancy structure allows for flexibility in leasing arrangements, catering to a variety of business needs and sizes. This is an unparalleled chance to establish or expand a retail presence in one of Milwaukee's most sought-after commercial districts. The property's address is easily accessible and benefits from high pedestrian and vehicular traffic. The surrounding area offers a vibrant atmosphere and a strong customer base. This is a unique opportunity to secure a prominent retail space in a thriving urban environment. The available space is ideal for a variety of retail concepts, offering significant potential for growth and success.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Empire Auto Transport Trucking Company celebritystatusmke Barber Shop Walgreens Photo (Bike/Boat/Book/etc) Store Wok Downtown | Nickel ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9136288
    Latitude
    43.0386646

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    FAQs

    What type of property is this?
    Retail property - Prime Milwaukee retail, multiple units available
    Where is this retail property located?
    The property is located at 275 Wisconsin Ave Milwaukee, WI.
    What are key features of this property?
    This property features: Three retail spaces available, totaling 16,225 square feet, ranging from 2,828 SF to 7,032 SF.; Located in the vibrant 3rd Street Market, 275 W Wisconsin Ave, Milwaukee, WI 53203.; High-traffic location in downtown Milwaukee with excellent visibility and accessibility.
    (414) 390-1404 Call to check price and availability
    Request Owner's contact information
    275 Wisconsin Ave Milwaukee, WI 53203
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    Milwaukee, WI 53203
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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
    275 Wisconsin Ave Milwaukee, WI 53203
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    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Prater
    Andrew Prater
    Real Estate License ID: 9474791
    (414) 390-1404
    Learn more
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