Property profile

231 E Buffalo St Milwaukee, WI 53202

FOR LEASE
Warehouses
Property ID
US92-0614176
37,500 SF 0.21 ac lot Built 1897
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office space in Milwaukee's vibrant Third Ward offers a unique opportunity for businesses seeking a prestigious address. Located at 231 E Buffalo Street, this historic building, constructed in 1897, boasts a total of 45,000 square feet, with 8,155 square feet currently available for lease. The space is ideal for multiple tenants, offering flexible suite sizes ranging from a minimum of 771 square feet to a maximum contiguous space of 3,445 square feet. This allows for businesses of various sizes to find a perfect fit within this sought-after location. The building's rich history and character are complemented by modern amenities, making it an attractive option for companies seeking a blend of old-world charm and contemporary functionality. Situated in Milwaukee County, Wisconsin, with a zip code of 53202, this property benefits from excellent accessibility and proximity to various amenities. The address provides a prominent presence in a thriving urban neighborhood. This is a rare opportunity to secure office space in a landmark building within a dynamic and desirable area of Milwaukee. Inquire today to learn more about leasing options and explore the possibilities of establishing your business in this exceptional location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1897
Total area 37,500 SF
Lot 0.21 ac (9,000 SF)
Zoning code C9G
APN 392-0993-000
UPID US92-0614176

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Production Facility Brewery & Distillery
  • Gym & Fitness Center
  • Gym & Fitness Center
  • Alternative Medicine Practice Spa & Massage Center

Location

231 E Buffalo St Milwaukee, WI 53202
Milwaukee metro Census 187400 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$1.51M

Owner & transaction history

since 2012
4 recorded transactions
2012
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C9G · Milwaukee, WI
Zoning description

aa-2. If the tower is located in a C9A, C9B, C9C, C9D, C9F or C9G district, the tower shall not exceed 150 feet in height or the tower shall be accessory to an elementary or secondary school and be set back from all prop…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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