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    228 1St St Milwaukee, WI 53204

    Sponsored
    For Sale
    $2,280,000

    Prime Milwaukee Office Space - $2.28M

    Property size:
    37,076 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 37,076 square foot executive office building is ideally situated in Milwaukee's vibrant Walker's Point neighborhood at 228 S 1st Street, zip code 53204. The property boasts unbeatable visibility and is surrounded by a thriving business district and upscale residential areas. Its convenient location offers easy access to major freeways, including I-94, I-43, and I-794, ensuring seamless commutes for employees and clients. The building itself is a historic structure with a rich history, recently undergoing a complete sandblasting and cleaning, presenting a pristine and modern aesthetic. Ample parking is available, including gated parking and street parking options. The building also offers a unique opportunity for prominent building signage, perfect for a large tenant seeking high brand visibility. This is a rare chance to acquire a substantial, well-maintained executive office building in a highly desirable Milwaukee location. The asking price for this turnkey opportunity is $2,280,000. The property is within walking distance of the Historic Third Ward, adding to its appeal and accessibility. This presents a compelling investment opportunity in a rapidly growing area.

    Property Features for 228 1St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    37,076 SF

    HighLights

    • Prime Walker's Point location.
    • Short walk to the Historic Third Ward.
    • Easy access to I‑94, I‑43, and I‑794.
    • Building signage opportunity for major tenants.
    • Ample gated and street parking.
    • Recently sandblasted and cleaned.
    Property Profile Location Intelligence

    Current Use by Public Records

    THE GOOD LAND STUDIO Furniture Maker Park Hill Multimedia Video Production Service Alpha Bang Studio Museum Alphabang Art Space Museum

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Pharmacy Daycare Center Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9106867
    Latitude
    43.0286003

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Milwaukee Office Space - $2.28M
    Where is this office property / space located?
    The property is located at 228 1St St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $2,280,000.
    What are key features of this property?
    This property features: Prime Walker's Point location.; Short walk to the Historic Third Ward.; Easy access to I-94, I-43, and I-794.
    Request Owner's contact information
    228 1St St Milwaukee, WI 53204
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    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
    228 1St St Milwaukee, WI 53204
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