For Sale
$800,000

270 Highland Ave Milwaukee, WI 53202

Milwaukee CBD Office Building, 208,470 SF

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fully-leased, multi-tenant commercial condo package situated in Milwaukee's vibrant Central Business District at 270 E. Highland Ave. Boasting a substantial 208,470 square feet, this Class B office building, constructed in 1901 and zoned C9B(A), offers a compelling 7.82% cap rate at an asking price of $800,000. The property comprises a mix of medical and traditional office spaces, benefiting from low historical vacancy rates due to its attractive layout and amenities. Tenants enjoy access to a range of desirable features, including a two-story gym, a refreshing pool, a convenient conference/banquet space, a unique movie theater room, and covered parking. Furthermore, the package includes 14 parking spaces, leased to both commercial tenants and residential condo owners. The 24/7 front desk adds an extra layer of security and convenience. The condominium structure promotes passive ownership, making this a highly attractive investment for discerning buyers. The property's APN numbers are 3922871000, 3922874000, 3922872000, and 3922873000. Located in Milwaukee, Wisconsin, zip code 53202, this property represents a rare chance to acquire a stable, high-performing asset in a prime location.

Highlights

  • 24/7 staffed front desk.
  • Two-story fitness center.
  • Swimming pool.
  • Conference and banquet facilities.
  • On-site movie theater.
  • Covered parking garage.

Property Details for 270 Highland Ave

Property type
Office properties, Medical offices
Square Feet
208,470 SF
Class
B
Year Built
1901

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.0452787
Longitude
-87.9091676

FAQs

What type of property is this?
Office property - Milwaukee CBD Office Building, 208,470 SF
Where is the office property located?
The property is located at 270 Highland Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 24/7 staffed front desk.; Two-story fitness center.; Swimming pool.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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270 Highland Ave
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