270 Highland Ave Milwaukee, WI 53202-6635

Property Details for 270 Highland Ave

Year built

1988

Lot size

0.01 lot acres

Zone code

C9B(A)

Property type

Parking lots & garages

APN

392-2885-000

APU

3922885000

Description

This exceptional investment opportunity presents a fully-leased, multi-tenant commercial condo package situated in Milwaukee's vibrant Central Business District at 270 E. Highland Ave. Boasting a substantial 208,470 square feet, this Class B office building, constructed in 1901 and zoned C9B(A), offers a compelling 7.82% cap rate at an asking price of $800,000. The property comprises a mix of medical and traditional office spaces, benefiting from low historical vacancy rates due to its attractive layout and amenities. Tenants enjoy access to a range of desirable features, including a two-story gym, a refreshing pool, a convenient conference/banquet space, a unique movie theater room, and covered parking. Furthermore, the package includes 14 parking spaces, leased to both commercial tenants and residential condo owners. The 24/7 front desk adds an extra layer of security and convenience. The condominium structure promotes passive ownership, making this a highly attractive investment for discerning buyers. The property's APN numbers are 3922871000, 3922874000, 3922872000, and 3922873000. Located in Milwaukee, Wisconsin, zip code 53202, this property represents a rare chance to acquire a stable, high-performing asset in a prime location.