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    5140 3Rd St Milwaukee, WI 53207

    Sponsored
    For Lease
    $5 SF/Yr

    Flex, Warehouse, Office Space Available

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Milwaukee industrial property, located at 5140 S. 3rd St., offers a versatile space ideal for various businesses. The property comprises two buildings totaling approximately 7,200 square feet, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 14,400 square feet. Currently, 2,400 square feet of vacant space is available, including approximately 4,800 square feet of warehouse space in one building and approximately 2,400 square feet of office space on the second floor of the other. Built in 1978, the two-story buildings feature 18'-19' ceiling heights, one drive-in door, and ample parking with 33 spaces. The property is conveniently located in Milwaukee County, near the intersection of S. 3rd St. and Edgerton Ave, just two miles from the I-94 & 894 on-ramp and one mile from General Mitchell International Airport. The zoning is IL1. Power details are to be verified. This multi-tenant property presents a unique opportunity for businesses seeking flexible and strategically located industrial space in Milwaukee.

    Property Features for 5140 3Rd St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF

    Building Details

    Year Built
    1978
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    5140 S. 3rd St
    Size
    2,400 SF
    Rate per SF
    $5

    HighLights

    • ±4,800 SF warehouse space available at 5144 S. 3rd St.
    • ±2,400 SF of second‑floor office space available at 5140 S. 3rd St.
    • Two miles from I‑94 & 894 freeway on‑ramp.
    • One mile from General Mitchell International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Weekend Warrior Dumpster ... Waste Management Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -87.914587512113
    Latitude
    42.950950309912

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    FAQs

    What type of property is this?
    Manufacturing property - Flex, Warehouse, Office Space Available
    Where is this manufacturing property located?
    The property is located at 5140 3Rd St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: ±4,800 SF warehouse space available at 5144 S. 3rd St.; ±2,400 SF of second-floor office space available at 5140 S. 3rd St.; Two miles from I-94 & 894 freeway on-ramp.
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    Milwaukee, WI 53207
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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
    5140 3Rd St Milwaukee, WI 53207
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