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    Property profile & analytics

    621 Historic Mitchell St Milwaukee, WI 53204

    • Investment properties
    • 28,530 SF
    • 0.32 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US92-1330913
    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

    • Investment properties

    Property Details for 621 Historic Mitchell St

    Year built
    2002
    Lot size
    0.32 lot acres
    Property size
    28,530 SF
    Zone code
    LB2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    461-0502-100
    APU
    4610502100

    Description

    This exceptional commercial property, located at 621-627 West Historic Mitchell Street in Milwaukee County, presents a unique investment opportunity. The building, formerly a Social Security office, offers a substantial 8,140 square feet of adaptable space, ideal for a variety of professional uses. The property is classified as both office and retail, allowing for flexible tenancy arrangements. Currently, there is one large space available, perfect for a single tenant seeking a prominent location or a business looking to expand. The building's history as a professional office lends itself to a seamless transition for similar businesses, offering established infrastructure and a reputable address. The "Traditional Office" and "Storefront" subtypes suggest a layout that could accommodate both private office spaces and a more public-facing retail area, depending on the tenant's needs. The multiple tenancy designation indicates the potential for subdivision, should a larger tenant desire to lease only a portion of the available space. This prime Milwaukee location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a vibrant area. Serious inquiries are encouraged to explore the possibilities of this versatile and historically significant property. The property's size and layout offer significant potential for customization and adaptation to suit a wide range of business requirements. This is a rare opportunity to acquire a substantial space in a desirable Milwaukee location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9195
    Latitude
    43.012
    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
    $40,963
    $41,400
    $1,679,000
    $1,720,400
    -
    $41,400
    $1,679,000
    $1,720,400

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    • Value Estimation
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      733 737th W Historic Mitchell St

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    621 Historic Mitchell St
    Milwaukee, WI 53204
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    Realmo Value Estimation

    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.

    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.

    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
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