Multi-Tenant/ Downtown Milwaukee 140 S 1st St 28,779 SF Office Building Milwaukee, WI 53204 $3,995,000 ($138.82/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, Prestige Collective, 3,042SF Available
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
$3,995,000
Price Per SF
$138.82
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,593 SF
Slab To Slab
10’
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
  • $21.00
  • Triple Net
  • Nov 2026

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
  • 9,182 SF
  • $11.75
  • Triple Net
  • Sep 2029

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.

  • Prestige Collective
  • -
  • 3,068 SF
  • $12.00
  • Triple Net
  • Apr 2028
  • Professional, Scientific, and Technical Services
  • 6,140 SF
  • $13.00
  • Triple Net
  • Aug 2027

STIR Advertising + Integrated Marketing is a Milwaukee-based integrated advertising and marketing communications firm with 25 employees. The office is located in the heart of downtown Milwaukee and serves clients locally, nationally and globally. A diverse clientele includes business and consumer marketers from a wide variety of product and service categories. STIR creates progressive marketing communications campaigns for companies in both the business-to-business and business-to-consumer industries. The company specializes in blending multiple marketing disciplines to generate innovative, insightful and effective communications. These disciplines include advertising, public relations, promotions, design, social marketing and digital / web development, research and marketing consulting work. STIR is widely recognized as one of the top creative agencies in the Southeastern Wisconsin.

  • Finance and Insurance
  • 4,325 SF
  • $18.00
  • Triple Net
  • Apr 2028

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 $21.00 Triple Net Nov 2026
Retailer 9,182 SF $11.75 Triple Net Sep 2029
Prestige Collective - 3,068 SF $12.00 Triple Net Apr 2028
Professional, Scientific, and Technical Services 6,140 SF $13.00 Triple Net Aug 2027
Finance and Insurance 4,325 SF $18.00 Triple Net Apr 2028
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (86)

PROPERTY TAXES

  • Listing ID: 20693871

  • Date on Market: 8/20/2020

  • Last Updated:

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