522 N 2nd St Milwaukee, WI 53203

This ~1.84-acre infill development site is located in the Westown neighborhood of downtown Milwaukee, Wisconsin. The property consists of two parcels currently operated as surface parking lots at 191 West Michigan Street and 522 North 2nd Street, with additional frontage along Clybourn Street. Occupying half a city block, the site is near Milwaukee’s East Town and Historic Third Ward neighborhoods and adjacent to on- and off-ramps for I-794. The Westown neighborhood is experiencing a renaissance, with new developments and enhancements to existing properties. Newcomers include the Fiserv HQ at Hub640, Milwaukee Tool, Regal Rexnord, and 3rd St. Market Hall at The Avenue. The ~10-acre mixed-use sports and entertainment development, the Iron District MKE, will incorporate an 8,000-seat professional soccer stadium, housing, music, retail, dining, and hospitality. The neighborhood is known for the Deer District/Fiserv Forum, home to the 2021 NBA Champion Milwaukee Bucks. With Milwaukee’s Downtown Plan 2040 aiming to boost the downtown population from ~17,000 residents to 40,000 and increasing downtown employment from 60,000 to 100,000 jobs, the property is positioned to capitalize on this growth. New ownership may explore developing the site to its expected highest and best use of multifamily residential or pivot to alternative zoning-allowed uses, including office and hotel.