Technical
Financial
Distress signals
Property profile

626 Wisconsin Ave Milwaukee, WI 53202

OFF-MARKET
Office buildings
Property ID
US92-2601601
245,128 SF 0.87 ac lot Built 1929
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Gas Light Building, a 20-story Class A Art Deco landmark, offers exceptional executive office space in the heart of Downtown Milwaukee. Built in 1930, this iconic building features a prestigious Wisconsin Avenue address and boasts breathtaking views of Lake Michigan, the Milwaukee Art Museum, and the vibrant city streetscape. Currently, there are multiple suites available, ranging from 1,227 to 4,595 contiguous square feet, with a total of 18,339 square feet currently vacant within the building's 133,984 total square feet. The minimum divisible space is 1,227 square feet, providing flexibility for businesses of various sizes. This historically significant building offers a unique blend of classic architecture and modern amenities. Convenient parking is readily available with two surface parking lots and a structured parking garage. The building's distinctive 21-foot weather beacon atop the building is a recognizable feature of the Milwaukee skyline. This is a rare opportunity to secure office space in one of Milwaukee's most desirable and iconic buildings.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1929
Total area 245,128 SF
Lot 0.87 ac (37,680 SF)
Zoning code C9F(A)
APN 392-0923-111
UPID US92-2601601

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm Financial Advisor
  • Federal Government Office
  • Property Management Company
  • Financial Advisor
  • Law Firm

Location

626 Wisconsin Ave Milwaukee, WI 53202-4616
Milwaukee metro Census 14400 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$19.28M
Blend (final) Blend
$17.75M

Owner & transaction history

Zoning & alternative use

C9F(A) · Milwaukee, WI
Zoning description

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

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $29.2M +28.4%
Medical building $25.2M +10.8%
Neighborhood: shopping center $22.8M +0.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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