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    7198-7308 Millers Way Milwaukee, WI 53214

    Sponsored
    For Lease
    Contact for pricing

    Oak Creek Industrial Space, WI

    Lot size:
    152,808 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Oak Creek, Wisconsin industrial property, located at 7198-7308 S. Millers Way, zip code 53214, offers 152,808 square feet of versatile space across four single-story buildings. The property boasts a Class B rating and was newly constructed in 2024. Ideal for a variety of uses, including traditional office, medical office, manufacturing, R&D, and flex space, it features a minimum divisible space of 2,880 square feet and a maximum contiguous space of 38,280 square feet. The buildings are constructed of masonry and offer ceiling heights ranging from 16 to 18 feet, providing ample room for various operations. Ample parking is available with a ratio of 4 spaces per 1,000 square feet. The property is zoned LM-1 PUD and enjoys excellent visibility on the Howell Avenue corridor, just two miles east of Interstate 94. This prime location in Milwaukee County offers easy access to major transportation routes and a thriving business community. The property is currently available for multiple tenants.

    Property Features for 7198-7308 Millers Way

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    152,808 SF
    Class
    B

    Building Details

    Year Built
    2024
    Buildings
    4
    Stories
    1

    Unit(s) available at that property

    Space
    Building D
    Size
    38,176 SF
    Space
    Building C
    Size
    38,176 SF
    Space
    Building B
    Size
    38,176 SF

    HighLights

    • 152,808 SF industrial property in Oak Creek, WI (53214) at 7198‑7308 S. Millers Way.
    • Newly constructed (2024) Class B building with four single‑story structures.
    • Versatile space ideal for office, medical, manufacturing, R&D, or flex uses; minimum 2,880 SF divisible, maximum 38,280 SF contiguous.
    • Masonry construction with 16‑18' ceiling heights and ample parking (4/1000 SF).
    • LM‑1 PUD zoning; excellent visibility on Howell Avenue, two miles east of I‑94; dock and drive‑in loading.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Map

    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9050918
    Latitude
    42.9150297

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    FAQs

    What type of property is this?
    Life science property - Oak Creek Industrial Space, WI
    Where is this life science property located?
    The property is located at 7198-7308 Millers Way Milwaukee, WI.
    What are key features of this property?
    This property features: 152,808 SF industrial property in Oak Creek, WI (53214) at 7198-7308 S. Millers Way.; Newly constructed (2024) Class B building with four single-story structures.; Versatile space ideal for office, medical, manufacturing, R&D, or flex uses; minimum 2,880 SF divisible, maximum 38,280 SF contiguous.
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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

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    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
    7198-7308 Millers Way Milwaukee, WI 53214
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