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2203 W Michigan St
Milwaukee, WI 53233
Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • Access to Intersate
  • Proximity to Metro Area
  • On site parking

EXECUTIVE SUMMARY

2203 & 2200 W Michigan Ave in Milwaukee WI, located in the Marquette University neighborhood, presents an attractive opportunity for an investor or owner operator alike. Ideal location with direct, full service, freeway access within 3 blocks. Close proximity to Downtown Milwaukee. Walkable to public transit. New roof in 2022 with a transferable 10-year warranty. Updated LED lighting throughout, new ceiling mounted Modine heaters. 4 existing covered loading docks, and 1 existing freight elevator. 12-14' clear height throughout. Sprinklers throughout. The ground floor unit was recently renovated and incorporated, deep cleaning (power washing with degreaser), new LED lighting, new 14' overhead door, and paint.
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.

PROPERTY FACTS

Sale Type Investment or Owner User
Cap Rate 8.49%
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Industrial Warehouse
  • FlexLight Distribution
Building Class C
Lot Size 2.10 AC
Rentable Building Area 53,834 SF
No. Stories 1
Year Built/Renovated 1917/2023
Parking Ratio 1.59/1,000 SF
Clear Ceiling Height 14’
No. Dock-High Doors/Loading 6
Opportunity Zone Yes
Zoning IL2 - Industrial Light

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Yard
  • Storage Space

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
400-0760-110-9
Land Assessment
$322,823 CAD
Improvements Assessment
$2,402,403 CAD
Total Assessment
$2,725,226 CAD
  • Listing ID: 28922963

  • Date on Market: 2023-07-05

  • Last Updated:

  • Address: 2203 W Michigan St, Milwaukee, WI 53233

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