507 S 2Nd St Milwaukee, WI 53204
Property Lookup
Property profile & analytics
507 S 2Nd St Milwaukee, WI 53204
- Warehouses
- 130,900 SF
- 0.64 lot acres
Property ID
US92-0819758
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.
Location Intelligence
Current Use by Public Records
- REYN Engineering / Structural Engineer
- Tri-Marq Communications, Inc. / Film Production / Television Studio
- Christine Plamann Photography / Photography Service / (Bike/Boat/Book/etc) Store
- SRH / Advertising Agency / Marketing & Advertising
- i.c.stars |* Milwaukee / Employment Agency
Property Details for 507 S 2Nd St
- Year built
- 1928
- Lot size
- 0.64 lot acres
- Property size
- 130,900 SF
- Zone code
- IM
- Property type
- Warehouses
- APN
- 428-0407-000
- APU
- 4280407000
Description
The Eagleknit Building, located at 507 S 2nd St, Milwaukee, WI 53204, offers a unique opportunity for businesses seeking creative office space. This two-story building boasts a total of 84,000 square feet, currently entirely vacant and available for lease. The property is classified as both Creative Office and Retail, offering versatile options for tenants. Spaces are divisible down to a minimum of 1,000 square feet, with a maximum contiguous space of 50,000 square feet, allowing for flexibility to accommodate various business needs and sizes. Ample parking is provided with 200 spaces available for tenants and their clients. The building's prime location in Milwaukee offers excellent access to the city's amenities and transportation networks. This is an exceptional opportunity to secure a significant amount of high-quality, adaptable space in a vibrant urban setting. The building's flexible layout and substantial square footage make it ideal for a variety of businesses, from startups to established companies seeking expansion. Contact us today to learn more about leasing options and explore the possibilities of establishing your business at the Eagleknit Building.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,645,000
- 6.5%
- $8,905,000
- 7%
- $8,270,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,831,000
- AI Estimate
- $5,576,000
Market price range: $3.19M - $10.8MMarket price range: $2.31M - $5.58M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $7,070,000 Current use
- MEDICAL BUILDING
- $13,475,000 Change: +91% Conversion: Difficult
- RESTAURANT
- $12,850,000 Change: +82% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $12,180,000 Change: +72% Conversion: Moderate
- OFFICE BUILDING
- $10,370,000 Change: +47% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.913
- Latitude
- 43.0259
- 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
$227,528
$224,000
$9,332,000
$9,556,000
-
$224,000
$9,332,000
$9,556,000
