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224 E Chicago StMilwaukee, WI 53202
Third Ward Center
Asset ClassMixed Use, Office, Retail
Square Feet83,261
Year Built: 1917% Leased: 52%Land: 0.73 AcresAccess Data Room
A premier redevelopment/adaptive reuse opportunity
overview of deal

Overview

Colliers is pleased to present the Third Ward Center, a premier historic mixed-use building within the heart of the Historic Third Ward in Milwaukee, Wisconsin. Located at 224-246 E Chicago St, the three-story building features 83,261 square feet of exposed brick and timber with lofted open ceilings, an abundance of natural light, floor-to-ceiling windows and skylights, and attractive, updated tenant spaces. The asset is currently 53% occupied by two tenants and presents a tremendous redevelopment opportunity in Milwaukee’s highest-profile, 18-hour neighborhood.

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Investment Highlights

  • Covered land adaptive reuse or lease-up opportunity with existing in-place income through 2026
  • Exposed brick & timber ceilings, lofted ceilings with skylights and abudance of natural light
  • Located in Milwaukee’s affluent converted warehouse district - The Historic Third Ward
  • Unparalleled mixture of “live, work, play” - Walking distance to city’s best dining, shopping and entertainment
  • Third Ward is home to diverse mix of strong national brands (West Elm, lululemon, Kimpton Hotel, Warby Parker) and high-end local boutiques and restaurants
  • Blocks from 75-acre Henry W. Maier Festival Park, home to Summerfest and weekly summer ethnic festivals attracting 2 million visitors annually
  • Rare underground parking provides additional revenue stream for property owner
  • Directly across from a 480-stall public parking garage
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224 E Chicago StMilwaukee, WI 53202

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Listing provided by Revere CRE