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Multi-Tenant/ Downtown Milwaukee 140 S 1st St

28,779 SF 84% Leased Office Building Milwaukee, WI 53204 £3,575,862 (£124/SF)

Investment Highlights

  • Ample Parking: 19 underground Parking Spaces, 23 surface parking spaces with Parking Easement Agreement for 15 offsite surface parking spaces
  • +/- 196’ Frontage along 1st St, +/- 36’ along E. Seeboth and +/- 63’ along Pittsburgh Ave
  • Accessible off of both Pittsburgh Ave & Seeboth St

Executive Summary

Excellent investment opportunity.
3 story Multi-tenant office building with great visibility along 1st St (turns into Water St)
Rentable +/- 25,911 SF; +/- 28,779 SF Gross Building
First Floor main level: Fully Leased long term Tenants include Towne Bank, Chiropractor and Prestige Collective
Second Floor: Current Tenants: STIR Marketing, Nai'Allure coming soon. +/- 1400 sf corner suite with southern exposure .
Third Floor +/- 9,182 SF Fully Leased Long term tenant Complete Office/ Wisconsin-EBI
Ample Parking: 19 underground Parking Spaces, 23 surface parking spaces with Parking Easement Agreement for 15 offsite surface parking spaces
Exterior Building Signage subject to Municipal approval

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
28,779 SF
Building Class
B
Year Built
2007
Price
£3,575,862
Price Per SF
£124
Percent Leased
84%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
9,593 SF
Slab to Slab
10 ft
Building FAR
1.10
Lot Size
0.60 AC
Zoning
IM - Ideal for Med/Pro Office use
Parking
42 Spaces (1.46 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Central Heating
  • Recessed Lighting
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • 1,642 SF
  • -
  • NNN
  • -

Chiropractic Company is the largest, most trusted, and highest-rated chiropractors in Greater Milwaukee. Their doctors have various specialties and treat a full range of health conditions

  • Retailer
  • 1,000 SF
  • -
  • -
  • -

Located at 140 South 1st Street near the river on the edge of Walker's Point, East Town Women's Shop offers the finest in women's resale fashions. Discover a tremendous selection of designer clothing, shoes, jewelry and other accessories at a fraction of the original price.

  • Professional, Scientific, and Technical Services
  • 9,162 SF
  • -
  • NNN
  • -

The ODP Corporation (NASDAQ:ODP) is a leading provider of business services, products and digital workplace technology solutions to small, medium and enterprise businesses. ODP, operating through its direct and indirect subsidiaries, maintains a fully integrated B2B distribution platform, online presence, and thousands of dedicated sales and technology service professionals, all supported by its world-class supply chain facilities and delivery operations. Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, as well as others, the company offers its customers the tools and resources they need to focus on their passion of starting, growing and running their business.

  • Finance and Insurance
  • 2,600 SF
  • -
  • -
  • -

Town Bank, a Wintrust Community Bank, has 19 locations in Albany, Burlington, Darlington, Delafield, Elm Grove, Hartland, Lake Geneva, Madison, Menomonee Falls, Milwaukee, Monroe, Pewaukee, Wales, Walworth, Wind Lake, Delavan, Sharon, and Clinton, Wisconsin. It provides a wide array of commercial and private banking services. Since its inception in 1998, the bank has grown to more than $1.5 billion in assets. Town Bank is a true community bank; it is locally operated and decisions regarding rates, products and loan approvals are made on-site. Deposits of the bank are reinvested into the community. Member FDIC & Equal Housing Lender.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Health Care and Social Assistance 1,642 SF - NNN -
Retailer 1,000 SF - - -
Professional, Scientific, and Technical Services 9,162 SF - NNN -
Finance and Insurance 2,600 SF - - -
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 20693871

  • Date on Market: 20/08/2020

  • Last Updated:

  • Address: 140 S 1st St, Milwaukee, WI 53204

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