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    507 2Nd St Milwaukee, WI 53204

    For Lease
    $16 SF/Yr

    Milwaukee Creative Office, 84,000 SF Available

    Lot size:
    84,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    The Eagleknit Building, located at 507 S 2nd St, Milwaukee, WI 53204, offers a unique opportunity for businesses seeking creative office space. This two-story building boasts a total of 84,000 square feet, currently entirely vacant and available for lease. The property is classified as both Creative Office and Retail, offering versatile options for tenants. Spaces are divisible down to a minimum of 1,000 square feet, with a maximum contiguous space of 50,000 square feet, allowing for flexibility to accommodate various business needs and sizes. Ample parking is provided with 200 spaces available for tenants and their clients. The building's prime location in Milwaukee offers excellent access to the city's amenities and transportation networks. This is an exceptional opportunity to secure a significant amount of high-quality, adaptable space in a vibrant urban setting. The building's flexible layout and substantial square footage make it ideal for a variety of businesses, from startups to established companies seeking expansion. Contact us today to learn more about leasing options and explore the possibilities of establishing your business at the Eagleknit Building.

    Property Features for 507 2Nd St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    84,000 SF
    Total Rate
    115500

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,789 SF
    Rate per SF
    $18
    Space
    Third Floor
    Size
    15,000 SF
    Rate per SF
    $18
    Space
    Available Space 2
    Size
    2,501 SF
    Rate per SF
    $18
    Space
    Fourth Floor
    Size
    25,000 SF
    Rate per SF
    $18

    HighLights

    • Building signage opportunities.
    • Freight elevator and dock access.
    • Secured storage available.
    • Restored historic Cream City brick exterior.
    • Maple flooring throughout.
    • 13'6" floor‑to‑ceiling height with floor‑to‑ceiling windows.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    REYN Engineering Structural Engineer Tri-Marq Communications, Inc. Video Production Service Christine Plamann Photography Portrait Studio SRH Marketing Agency i.c.stars |* Milwaukee Employment Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.912649195245
    Latitude
    43.025701475611

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    FAQs

    What type of property is this?
    Office space - Milwaukee Creative Office, 84,000 SF Available
    Where is this office space located?
    The property is located at 507 2Nd St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Building signage opportunities.; Freight elevator and dock access.; Secured storage available.
    Request Owner's contact information
    507 2Nd St Milwaukee, WI 53204
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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
    507 2Nd St Milwaukee, WI 53204
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