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522 2Nd StMilwaukee, WI 53203

1.84-Acre Residential Development Site

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 1.84-acre development site in Milwaukee's vibrant Westown neighborhood presents a unique investment opportunity. Located at 522 N 2nd St, Milwaukee, WI 53203, this property encompasses two parcels (APN: 3610784100, 3610786110) currently used as surface parking lots, offering significant income potential during the planning phase. The site boasts a prime location, occupying half a city block with frontage on N 2nd St, W Michigan St, and Clybourn St. Its C9F(A) zoning allows for diverse development options, including multifamily residential, office, and hotel uses. The area is experiencing remarkable growth, fueled by major employers like Fiserv, Milwaukee Tool, and Regal Rexnord, along with the forthcoming Iron District MKE, a transformative mixed-use development including an 8,000-seat soccer stadium. This property benefits from exceptional access and connectivity, adjacent to I-794 and within walking distance of public transportation, including bus lines and The Hop streetcar. Proximity to amenities such as food halls, the Riverwalk, and entertainment venues further enhances its appeal. Milwaukee's Downtown Plan 2040 aims to significantly increase downtown's population and employment, positioning this site for substantial long-term growth. The property is offered for sale with 100% ownership. This is an unparalleled chance to capitalize on Milwaukee's dynamic urban revitalization.

Highlights

  • 1.84-acre prime infill development site in Milwaukee's Westown neighborhood; half-block rectangular parcels at 522 N 2nd St, with frontage on N 2nd, W Michigan, and Clybourn Streets (APN: 3610784100, 3610786110); C9F(A) zoning allows for multifamily, office, and hotel uses; current surface parking generates income.
  • Exceptional access and connectivity: adjacent to I-794, near public transit (bus lines, The Hop streetcar), and four blocks from the Milwaukee Intermodal Station.
  • Proximity to amenities: walking distance to food halls, the Riverwalk, and entertainment venues.
  • Westown neighborhood experiencing significant growth: nearby major employers (Fiserv, Milwaukee Tool, Regal Rexnord) and the Iron District MKE (8,000-seat soccer stadium) are driving development.
  • Strong long-term growth potential: aligned with Milwaukee's 2040 Plan to add 15,000 downtown housing units and double the downtown population; supported by Mayor Johnson's pro-development policies.

Property Details for 522 2Nd St

Property type
Land
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.036416
Longitude
-87.912563
522 2Nd St, Milwaukee, Wisconsin

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522 2Nd St
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