621 W Historic Mitchell St Milwaukee, WI 53204
For Lease
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LB2 · Milwaukee, WIMilwaukee. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.