Realmo Analytics

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Property profile

224 Chicago St 246 Milwaukee, WI 53202

OFF-MARKET
Warehouses
Property ID
US92-0823673
86,704 SF 0.73 ac lot Built 1915
Last sale Sep 2026 · $7,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional retail space, located at 224 E Chicago St in Milwaukee, Wisconsin's vibrant Third Ward, offers 27,000 square feet of immediately available space within a larger 83,261 square foot building. The property boasts a highly desirable location in the historic Third Ward, directly across from a 480-stall public parking garage, ensuring convenient access for customers and employees. The building itself features attractive architectural details including floor-to-ceiling windows that…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$204k
Tax billed · 2022
Assessed value$8.58M
Assessed land$949k
Assessed improvement$7.63M
Effective rate2.38%

Value estimate

· Oct 2026
$3.67M
$3.30M – $4.04M
Submarket $/SF estimate$2.77M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$24 – $83
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C9G
The C9G mixed activity district is designed and intended to permit a wide range of retail, service, light manufacturing and residential u...
General categoryINDUSTRIAL
JurisdictionMILWAUKEE

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.2
Laundromat8.1
Locksmith8.0

Location

224 Chicago St, Unit 246 Milwaukee, WI 53202-5706
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
225 229th N Water, Milwaukee, WI 53202 $3,612,500 May 2024 32,000 SF
1617 1633rd En, Milwaukee, WI 53202-1034 $600,000 Jan 2024 29,076 SF
214 Erie, Milwaukee, WI 53202-6004 $9,650,000 Dec 2019 88,910 SF
223 Water, Milwaukee, WI 53202-5771 $1,930,000 Nov 2019 19,440 SF
215 Water, Milwaukee, WI 53202-6055 $4,450,000 Aug 2019 27,530 SF
125 129th N Water, Milwaukee, WI 53202 $3,325,000 May 2019 39,960 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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