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2203 W Michigan St
53,834 SF Vacant Industrial Building Milwaukee, WI 53233 $2,500,000 ($46/SF) 8.49% Cap Rate
Investment Highlights
- Access to Intersate
- Proximity to Metro Area
- On site parking
Executive Summary
The Multi-Tenant Industrial building at 2203 W Michigan consists of 53,834sf on two levels. 43,965sf on the main level, and an additional 9,869sf on the ground floor. There is currently 24,253sf vacant. 4 existing tenants with long-term leases in place within the building, and 1 existing tenant occupying the parking lot on the west side of the parcel and across the street at 2200 W Michigan.
The lot at 2200 W Michigan is a 24,829sf surface lot currently leased for 3 years generating additional income with zero Landlord responsibility.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Yard
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
29,173sf divisible as small at 4,920sf. Multiple internal and covered loading docks. Levelers, Warehouse Clear Height from 12'-14'. Updated LED Lighting throughout. Sprinkler system in place.
Recently updated private industrial space. New LED lighting, ceiling mounted Modine Heaters, and paint. 14' clear height throughout, 14' overhead door leading to the internal dock, and 20' column spacing. Private, secure, industrial warehouse space.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000-24,253 SF | Industrial | Shell Space | Now |
| 1st Fl - 2 | 10,000 SF | Industrial | Shell Space | Now |
1st Floor
| Size |
| 10,000-24,253 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl - 2
| Size |
| 10,000 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Floor
| Size | 10,000-24,253 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
29,173sf divisible as small at 4,920sf. Multiple internal and covered loading docks. Levelers, Warehouse Clear Height from 12'-14'. Updated LED Lighting throughout. Sprinkler system in place.
1st Fl - 2
| Size | 10,000 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
Recently updated private industrial space. New LED lighting, ceiling mounted Modine Heaters, and paint. 14' clear height throughout, 14' overhead door leading to the internal dock, and 20' column spacing. Private, secure, industrial warehouse space.
zoning
| Zoning Code | IL2 (Industrial Light) |
| IL2 (Industrial Light) |
Learn More About Investing in Industrial Properties
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2203 W Michigan St
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