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    228 1St St Milwaukee, WI 53204

    Sponsored
    For Lease
    $12 SF/Yr

    Milwaukee Executive Suites, 9,269 SF Available

    Lot size:
    37,076 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37,076 square foot Class B office building, located at 228 S 1st St in Milwaukee, Wisconsin's vibrant Walker's Point submarket (zip code 53204), offers a unique opportunity for businesses seeking flexible and stylish workspace. Completely renovated in 2021, the property is currently 100% vacant and available for immediate occupancy. The building is ideally suited for executive or creative office tenants, offering multiple tenancy options. Individual suites of 9,269 square feet are available, representing the minimum and maximum contiguous space currently available. This presents a rare chance to secure a substantial footprint in a highly desirable Milwaukee location. The building's location in Milwaukee County provides easy access to major transportation routes and a wealth of amenities. The property's modern design and recent renovation ensure a comfortable and productive work environment. This is a fantastic opportunity to establish a prominent presence in a thriving Milwaukee neighborhood. The building's traditional office features are complemented by its suitability for creative office uses, offering versatility for a wide range of businesses. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 228 1St St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,076 SF
    Class
    B
    Total Rate
    37076

    Building Details

    Year Renovated
    2021

    Unit(s) available at that property

    Space
    2nd Floor Suite
    Size
    9,269 SF
    Rate per SF
    $19
    Space
    1st Floor Suite
    Size
    9,269 SF
    Rate per SF
    $19
    Space
    3rd Floor Suite
    Size
    9,269 SF
    Rate per SF
    $19
    Space
    Lower Level Suite
    Size
    9,269 SF
    Rate per SF
    $13

    HighLights

    • Located in Milwaukee's vibrant Walker's Point submarket (53204).
    • Walking distance to the Historic Third Ward.
    • Minutes from I‑94, I‑43, and I‑794.
    • Building signage available.
    • Gated and street parking available.
    • Completely renovated in 2021, with the entire building 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 space - Milwaukee Executive Suites, 9,269 SF Available
    Where is this office space located?
    The property is located at 228 1St St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $13-$19 SF/Yr.
    What are key features of this property?
    This property features: Located in Milwaukee's vibrant Walker's Point submarket (53204).; Walking distance to the Historic Third Ward.; Minutes from 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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