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1551 N Prospect Ave
Milwaukee, WI 53202
Prospect Law Building · Office Property For Sale

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INVESTMENT HIGHLIGHTS

  • Converted historic mansion adapted for office use
  • 14 surface parking space
  • Multiple private offices and conference rooms

EXECUTIVE SUMMARY

Located in Milwaukee’s East Side, 1551 N Prospect Avenue offers approximately 5,709 square feet of office space across three floors and a basement. The property sits on a 0.24-acre parcel and includes 14 surface parking spaces. Originally built in 1901 and adapted for commercial use, the building features multiple private offices, conference areas, and support spaces, making it suitable for professional services or boutique firms seeking a distinctive setting.
The building is within walking distance of Lake Michigan and neighborhood amenities, with convenient access to downtown Milwaukee. Zoned RO2, the property combines historic character with modern functionality in a well-connected, culturally vibrant area.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Office
Building Size
6,000 SF
Building Class
C
Year Built
1901
Price
$1,534,814 CAD
Price Per SF
$255.80 CAD
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,000 SF
Building FAR
0.57
Lot Size
0.24 AC
Zoning
RO2
Parking
15 Spaces (2.5 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
359-0202-000-2
Land Assessment
$429,525 CAD
Improvements Assessment
$534,358 CAD
Total Assessment
$963,883 CAD
  • Listing ID: 38487022

  • Date on Market: 2025-11-18

  • Last Updated:

  • Address: 1551 N Prospect Ave, Milwaukee, WI 53202

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