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    500 Broadway Milwaukee, WI 53202

    Sponsored
    For Lease
    $60 SF/Yr ($3,000 /Mo)

    600 SF, Newly Renovated, Prime Location

    Lot size:
    600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 600-square-foot creative office space, located in Milwaukee's vibrant Historic Third Ward, presents a unique opportunity for a discerning tenant. Completely renovated in 2023, this single-story, free-standing building boasts a prime location at the intersection of Clybourn and Broadway, offering unparalleled visibility and accessibility. Zoned for office space, the property is adaptable to a variety of special uses, making it ideal for businesses seeking a distinctive and inspiring workspace. The building features energy-efficient design elements including a split air HVAC system, thermal double-pane windows and doors, and an on-demand hot water heater, resulting in minimal utility costs. Its convenient location offers easy access to "The Hop" streetcar, numerous offices, hotels, a public market, and a variety of businesses and residential properties, ensuring high foot traffic and brand exposure. This is a rare opportunity to secure a brand-new, reasonably priced, and highly visible space in one of Milwaukee's most desirable neighborhoods. The building is situated in Milwaukee County. No elevators are present. Taxes are $0 per square foot.

    Property Features for 500 Broadway

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    600 SF
    Total Rate
    3000

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $60

    HighLights

    • 600 SF Creative Office space in Milwaukee's Historic Third Ward.
    • Single‑tenant building, renovated in 2023.
    • Located at Clybourn & Broadway, near "The Hop".
    • Zoned for office use, suitable for various special purposes.
    • Energy‑efficient with split HVAC, double‑pane windows, and on‑demand hot water.
    • Milwaukee County location.
    Property Profile Location Intelligence

    Current Use by Public Records

    500 N Broadway ... Parking Lot SP Plus Parking Parking Lot

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9071996
    Latitude
    43.0369191

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    FAQs

    What type of property is this?
    Office space - 600 SF, Newly Renovated, Prime Location
    Where is this office space located?
    The property is located at 500 Broadway Milwaukee, WI.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: 600 SF Creative Office space in Milwaukee's Historic Third Ward.; Single-tenant building, renovated in 2023.; Located at Clybourn & Broadway, near "The Hop".
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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
    500 Broadway Milwaukee, WI 53202
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