310 Wisconsin AveMilwaukee, WI 53203

  • Office properties
  • 753,600 SF
For Lease

Property Details for 310 Wisconsin Ave

Year built
1982
Lot size
2.23 AC
Property size (Sq ft)
753,600 SF
Zone code
C9E
Property type
Office properties
Property subtype
Office buildings
APN
361-0664-113
APU
3610664113

Description

This exceptional commercial property at 310 W. Wisconsin Avenue in Milwaukee, Wisconsin, offers a unique opportunity for retail and restaurant businesses. The building boasts a total of 573,786 square feet spread across 14 stories, with multiple tenancy options available. Spaces range from a minimum of 1,601 square feet to a maximum contiguous space of 5,062 square feet, with 12,320 square feet currently vacant. The property includes a 606-stall covered parking deck, providing ample parking at a rate of one space per 1,000 square feet. Its prime downtown location offers unparalleled access to high foot traffic, situated near The Avenue, the Wisconsin Center, and the Milwaukee Bucks Deer District. The building benefits from its proximity to major attractions and a large daytime population, including nearby apartments, the 3rd Street Market Hall, HUB640, the Milwaukee Symphony Orchestra, and the Fiserv headquarters. A multimillion-dollar renovation is currently underway, enhancing the property's appeal and functionality. The plaza area hosts Milwaukee's annual night market from June to September. Convenient skywalks connect the building to parking garages, The Avenue, SpringHill Suites, and the Hyatt Hotel. Existing area tenants include well-known brands such as TJ Maxx, Walgreens, and Foot Locker, further solidifying the location's desirability. This is an exceptional opportunity to establish a presence in a thriving Milwaukee downtown location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $136,071,424
    6.5%
    $125,604,392
    7%
    $116,632,648
  • Comparable approach

    Method
    Valuation
    Relative Method
    $76,507,872
    Geo Method
    $98,156,400
  • Alternative Use

    Use
    Valuation
    Residential
    $155,749,440
    Hospitality
    $142,665,648
    Educational
    $118,696,152
    Medical
    $122,778,296
    Retail
    $184,638,464
310 Wisconsin Ave, Milwaukee, Wisconsin

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.0394
Longitude
-87.9152
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$509,948
$7,275,000
$52,703,700
$59,978,700
-
$7,275,000
$52,703,700
$59,978,700

FAQs

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