Entity Owned Property summary
This exceptional Milwaukee office property, the Patent Block, offers 247,610 square feet of Class A space across two connected seven-story buildings. The property boasts a flexible layout, with units ranging from 14,000 to 247,610 contiguous square feet, currently entirely vacant. The historic exterior features large windows maximizing natural light, complemented by a central courtyard further enhancing interior brightness. Four elevators and numerous strategically placed restrooms facilitate efficient floorplate division, minimizing corridor space and renovation costs. The redevelopment prioritizes tenant needs, with initial tenants having input on amenities. Planned amenities include a state-of-the-art conference center and breakout spaces, a high-end fitness center with locker rooms, and an indoor/outdoor lounge utilizing the existing courtyard. The property includes 948 parking spaces and multiple entry points from surrounding streets (Michigan & Jackson). Located at 507 E Michigan St, Milwaukee, WI 53202, this prime location offers unparalleled access and visibility.
Property profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement HVAC Service
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C9F(A) office and service district is designed and intended to serve both as a retail trade and a personal and business services district, as well as a major center of office commercial activities
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C9F(A) · Milwaukee, WIThe C9F(A) office and service district is designed and intended to serve both as a retail trade and a personal and business services district, as well as a major center of office commercial activities
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C9F(A) office and service district is designed and intended to serve both as a retail trade and a personal and business services district, as well as a major center of office commercial activities
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C9F(A) in Milwaukee, WI.
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