Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Wisconsin Ave Milwaukee, WI 53202

    • Sports & entertainment properties
    • 667,000 SF
    • 6.92 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    $1,200,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1038302
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Old Republic Title / Title Company / Escrow Service
    • Electrical Wire Processing Technology Expo / Exhibition And Trade Centre
    • Lincoln Creek Development LLC / Consultant
    • Bank Five Nine / Bank / Mortgage Lender
    • Rockford Il / Hotel

    Property Details for 400 Wisconsin Ave

    Year built
    1998
    Lot size
    6.92 lot acres
    Property size
    667,000 SF
    Zone code
    C9D(B)
    Property type
    Sports & entertainment properties
    APN
    392-2451-000
    APU
    3922451000

    Description

    The Curry Pierce Building, a meticulously maintained historic landmark constructed in 1866 and extensively renovated in 1993, presents a unique opportunity for businesses seeking prestigious office space in Milwaukee, Wisconsin. This five-story building, totaling 22,000 square feet, offers a blend of traditional charm and modern functionality. Multiple suites are currently available, ranging in size from 929 to 4,800 square feet, catering to diverse business needs. Located at 400 E Wisconsin Ave, 53202, this property boasts an enviable position overlooking Wisconsin Avenue, directly on the Milwaukee Hop streetcar line, providing exceptional accessibility. Its strategic location offers easy access to Interstates 43 and 94, and is within walking distance of the Milwaukee Public Market, the vibrant Third Ward, and Milwaukee's scenic lakefront. The building features one building with five stories and includes elevators for convenient access to all floors. This is an exceptional opportunity to establish a presence in a highly desirable and historically significant Milwaukee location. The building's blend of historical character and modern amenities makes it an ideal choice for businesses seeking a unique and convenient workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,200,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9175
    Latitude
    43.0395
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,967
    $15,034,500
    $0.00
    $15,034,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.67 Acres

      405 Kilbourn Ave

      RECREATIONAL, ENTERTAINMENT • 5.67 Acres
      405 Kilbourn Ave, Milwaukee, WI 53203
      View Details
    • Value Estimation by Request
      6.43 Acres

      412 518th W Kilbourn Ave

      RECREATIONAL, ENTERTAINMENT • 6.43 Acres
      412 518th W Kilbourn Ave, Milwaukee, WI 53203
      View Details
    • Value Estimation
      $515,000
      0.45 Acres

      738 Martin L King Jr Dr

      PARKING LOT • 0.45 Acres
      738 Martin L King Jr Dr, Milwaukee, WI 53203
      View Details
    • Value Estimation
      $1,175,000
      9,935 SF

      1141 Martin L King Jr Dr, Unit 17

      APARTMENT HOUSE (5+ UNITS) • 9,935 SF
      1141 Martin L King Jr Dr, Milwaukee, WI 53203
      View Details
    • Value Estimation
      $1,170,000
      9,935 SF

      1141 Martin L King Jr Dr, Unit 24

      APARTMENT HOUSE (5+ UNITS) • 9,935 SF
      1141 Martin L King Jr Dr, Milwaukee, WI 53203
      View Details
    • Value Estimation
      $2,530,000
      78,975 SF

      623 State St

      PARKING LOT • 78,975 SF
      623 State St, Milwaukee, WI 53203
      View Details

    Similar Nearby for Sale

    • $1,750,000
      24,000 SF

      Prime Milwaukee Medical Office Building

      Historic building, renovated 2007, 24,000 SF
      820 Plankinton Ave, Milwaukee, WI 53203
      View Details
    • Contact for pricing
      1.84 Acres

      Westown Development Opportunity

      1.84-Acre Residential Development Site
      522 2Nd St, Milwaukee, WI 53203
      View Details
    • Contact for pricing

      Prime Retail in Entertainment District

      Two-story retail opportunity in Milwaukee's Entertainment District.
      333 W State St, Milwaukee, WI 53203
      View Details
    • Contact for pricing
      573 SF

      Retail Space Near Milwaukee Landmarks

      Retail property near The Avenue, Wisconsin Center, and Deer District.
      310 W Wisconsin Ave, Milwaukee, WI 53203
      View Details
    • $1,750,000
      24,000 SF

      Milwaukee Office Building For Sale

      Office building with 24,000 square feet of space.
      814-820 N Plankinton Ave, Milwaukee, WI 53203
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,000 SF

      Retail Space in Entertainment District

      Retail space in Milwaukee's entertainment district, near Deer District.
      823 N 2Nd St, Milwaukee, WI 53203
      View Details
    • Contact for pricing
      16,225 SF

      Downtown Milwaukee Retail Space

      Prime Milwaukee retail, multiple units available
      275 Wisconsin Ave, Milwaukee, WI 53203
      View Details
    • Contact for pricing
      714,000 SF

      Deer District Commercial Land

      Milwaukee prime location, restaurant & land opportunities.
      0 6Th St, Milwaukee, WI 53203
      View Details
    • Contact for pricing
      18,000 SF

      Journal Commons: Historic Retail Space

      Prime Milwaukee Retail, 5,000-18,000 SF
      333 State St, Milwaukee, WI 53203
      View Details
    • Contact for pricing
      573,786 SF

      Downtown Milwaukee Retail Center

      Prime location, multiple spaces available.
      310 Wisconsin Ave, Milwaukee, WI 53203
      View Details
    • $12 SF/Yr
      3,249 SF

      Office Space with Riverwalk Deck

      Office space for rent with private deck overlooking Milwaukee River.
      826 N Plankinton Ave, Milwaukee, WI 53203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Wisconsin Ave
    Milwaukee, WI 53202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.