228 1St StMilwaukee, WI 53204

Property Details for 228 1St St

Year built

1892

Lot size

0.21 AC

Property size (Sq ft)

36,000 SF

Zone code

IM

Property type

Warehouses

APN

428-1112-000

APU

4281112000

Description

This exceptional 37,076 square foot Class B office building, located at 228 S 1st St in Milwaukee, Wisconsin's vibrant Walker's Point submarket (zip code 53204), offers a unique opportunity for businesses seeking flexible and stylish workspace. Completely renovated in 2021, the property is currently 100% vacant and available for immediate occupancy. The building is ideally suited for executive or creative office tenants, offering multiple tenancy options. Individual suites of 9,269 square feet are available, representing the minimum and maximum contiguous space currently available. This presents a rare chance to secure a substantial footprint in a highly desirable Milwaukee location. The building's location in Milwaukee County provides easy access to major transportation routes and a wealth of amenities. The property's modern design and recent renovation ensure a comfortable and productive work environment. This is a fantastic opportunity to establish a prominent presence in a thriving Milwaukee neighborhood. The building's traditional office features are complemented by its suitability for creative office uses, offering versatility for a wide range of businesses. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $14,967,100

  6.5%

  $13,815,700

  7%

  $12,828,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,847,740

  Geo Method

  $7,502,400

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $7,000,930

  Mixed-Use / Specialty

  $6,910,000

  Hospitality / Lodging

  $4,983,760

  Office

  $6,800,240

  Institutional / Educational

  $7,160,040

  Residential Income

  $8,377,240

  Multifamily

  $10,412,900

  Automotive / Energy

  $6,137,180

  Parking / Income-Based Land

  $2,183,040

  Restaurant / Food Service

  $3,453,150

  Healthcare / Senior Housing

  $7,153,730

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0286

Longitude

-87.9107

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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