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Property profile & analytics
FOR SALE
Office buildings
1101 North Market St Milwaukee, WI 53202
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0991407
For Sale
$5,950,000
1101 North Market St, Milwaukee, WI 53202
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Property summary
AI-generated overview
This exceptional executive office building, located at 1101 N Market Street in Milwaukee, Wisconsin, presents a unique leasing opportunity. Built in 1891, this three-story building offers a total of 45,392 square feet of meticulously maintained office space. Currently, a significant portion of the building is vacant, totaling 44,051 square feet, providing flexibility for businesses of various sizes. Leasable spaces range from a minimum of 2,429 square feet to a maximum contiguous space of 42,673 square feet, catering to diverse occupancy needs. The building is ideally suited for multiple tenants, offering a blend of historic charm and modern functionality. The property includes 35 convenient parking spaces for tenants and visitors. Situated in Milwaukee County, Wisconsin, with a zip code of 53202, this location offers easy access to the city's vibrant business district and essential amenities. The building's rich history and prime location make it an attractive option for businesses seeking a prestigious address in Milwaukee. Contact us today to explore the possibilities of establishing your business in this remarkable property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1891
Total area
60,069 SF
Lot
0.75 ac (32,686 SF)
Zoning code
C9B(A)
APN
392-2562-100
UPID
US92-0991407
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
PostTag Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Dart Chart Systems LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Rent College Pads Real Estate Agency
-
Huber Richard R Insurance Agency
-
Papin James Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.94M
Blend (final)
Blend
$4.51M
Owner & transaction history
Grandd Central Farms LLC · 3 yrs held
Grandd Central Farms LLC
since 2022
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
C9B(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+28.4%
Medical building
$6.2M
+10.8%
Neighborhood: shopping center
$5.6M
+0.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,840,000
ML approach
$4,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,580,000
Current use
AUTO REPAIR, GARAGE
$7,165,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$6,185,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,590,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.51M
Range $4.06M – $4.96M · ±10% · vs last sale $4.00M (Sep 6 2022)
Last sale anchor
$4.00M
Sep 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$106,409
Tax year 2022
Assessed value
$4,469,100
Assessed 2022
Previous assessed
$4,469,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,634,300
Assessed improvement
$2,834,800
Land market value
$1,634,300
Improvement market value
$2,834,800
Total market value
$4,469,100
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1891
Heating
NONE
Stories
3
Units
77
Total area
60,069 SF
Lot
0.75 ac (32,686 SF)
Zoning code
C9B(A)
APN
392-2562-100
UPID
US92-0991407
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9B(A) · Milwaukee, WI
Zoning C9B(A) · permitted uses
C9B(A) · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1891
Heating
NONE
Stories
3
Units
77
Lot
0.75 ac
Current owner
From public records · entity-resolved
Grandd Central Farms LLC
Entity
Mailing address
1665 N WATER ST MILWAUKEE
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
$4,000,000
Grandd Central Farms LLC
Ssg Property Holdings LLC
Special Warranty Deed
$1,950,000 · Reach Business Lenders LLC
Jan 4, 2017
—
Ssg Property Holdings LLC
—
Deed
related
$2,270,650 · Cornerstone Community Bank
Jun 21, 2011
—
Ssg Properties LLC
—
Grant Deed
related
$15,000,000 · Northern Tr
—
—
Ssg Properties LLC
—
Loan Modification
related
$2,250,000 · Northern Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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