333 State StMilwaukee, WI 53203

Property Details for 333 State St

Year built

1924

Lot size

0.83 AC

Property size (Sq ft)

199,500 SF

Zone code

C9D(A)

Property type

Apartment buildings

APN

361-2331-000

APU

3612331000

Description

Journal Commons presents a unique investment opportunity in Milwaukee's vibrant Entertainment District. This iconic, six-story building, originally constructed in 1924 and extensively renovated in 2020, offers a total of 18,000 square feet of prime retail space. The property boasts a highly desirable location at the intersection of State Street and Vel R. Phillips Avenue, ensuring high visibility and foot traffic. The building is available for lease as a whole (18,000 square feet) or in divisible units with a minimum of 5,000 square feet. This allows for flexibility to accommodate a variety of retail concepts, from single large tenants to multiple smaller businesses. The building's historical character, combined with its modern renovations, creates a truly exceptional setting for any business seeking a unique and memorable presence in the heart of Milwaukee. The presence of elevators within this multi-story building adds to its functionality and accessibility. This is a rare chance to secure a prominent retail space in a thriving, historic district. The property's blend of historical charm and modern amenities makes it an ideal location for businesses seeking a distinctive and high-impact presence. The building's size and layout offer significant potential for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $44,667,396

  6.5%

  $41,231,440

  7%

  $38,286,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,393,506

  Geo Method

  $40,276,556

• Alternative Use

  Use

  Valuation

  Residential

  $41,231,440

  Hospitality

  $37,767,780

  Educational

  $31,422,348

  Medical

  $32,503,012

  Retail

  $48,879,208

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0425

Longitude

-87.9152

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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