Your email has been sent.
737 W Cleveland Ave 159,612 SF 28% Leased Industrial Building Milwaukee, WI 53215 $3,768,984 CAD ($23.61 CAD/SF) 13.39% Cap Rate
INVESTMENT HIGHLIGHTS
- 701–809 W Cleveland Avenue offers a value-add industrial campus with over $2 million in improvements and 120,000 square feet in of available space.
- Renovations include full roof replacement with 30-year warranty across all buildings, 1,000-amp, 3-phase power, LED lighting, and infrared heating.
- 1 mile from Interstates 94, 43, and 41 and near the Port of Milwaukee, airport, and rail, the location offers direct access to major freight routes.
- Revitalized industrial property with long-term NNN tenants generating $38,000 per month in income, ideal for owners/users or investors.
- Spaces feature 30-foot ceilings, 16-foot drive-in doors, dock loading, central air, partitioned offices, kitchen, and 4,000-pound freight elevator.
- Surrounded by national retailers and key industrial users, with access to 86,000 skilled workers and attractive state-level tax incentives.
EXECUTIVE SUMMARY
Extensive capital improvements have been made, including a new TPO and metal roofing with 30-year warranties, a fully upgraded 1,000-amp, 3-phase electrical system, and energy-efficient infrared heating controlled by a mobile app. Additional amenities include 30-foot ceilings, oversized drive-in doors, dock loading, LED lighting, and air-conditioned office buildouts, blending historic character with modern industrial functionality. 707-721 and 737-809 W Cleveland Avenue is a multi-story, multi-building layout formed by combining eight original structures into one versatile complex. This includes a six-story cream city brick building, recently roofed and renovated with tuckpointing and masonry repairs. Interior features include partitioned offices, kitchens, extensive natural light, and multiple loading docks with garage doors up to 40 feet wide, ensuring seamless logistics and operations. The expansive paved parking lot accommodates over 100 vehicles, enhancing tenants' and visitors' access.
Located within a mile of Interstates 94, 43, and 41, this property benefits from direct connectivity to major regional and national freight corridors. Rail service is available from both Union Pacific and Canadian Pacific lines, while the nearby Port of Milwaukee connects tenants to international shipping via the Great Lakes and St. Lawrence Seaway. Milwaukee Mitchell International Airport, just 5 miles south, supports cargo and passenger services. The surrounding industrial district is anchored by prominent neighbors such as Milport Enterprises, Norberg Manufacturing, and ICM Corp. Tenants also enjoy proximity to major national retailers, including Target, Aldi, and Walgreens. With over 86,000 skilled industrial workers in the immediate area and strong business incentives such as tax credits, TIF districts, and economic development programs, Milwaukee remains one of the Midwest’s most attractive industrial markets. 707-721 and 737-809 W Cleveland Avenue offers buyers a highly scalable, income-generating asset with a proven tenant base and room for future growth in a prime logistics hub.
SALE FLYER
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $3,768,984 CAD | Lot Size | 3.66 AC |
| Price Per SF | $23.61 CAD | Rentable Building Area | 159,612 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 13.39% | Year Built | 1917 |
| Sale Condition | Lease Option | Parking Ratio | 0.63/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 30’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 16 |
| Zoning | IL1 - Light Industrial, but special use zoning is available for nearly any use. | ||
| Price | $3,768,984 CAD |
| Price Per SF | $23.61 CAD |
| Sale Type | Investment |
| Cap Rate | 13.39% |
| Sale Condition | Lease Option |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.66 AC |
| Rentable Building Area | 159,612 SF |
| No. Stories | 1 |
| Year Built | 1917 |
| Parking Ratio | 0.63/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 16 |
| Zoning | IL1 - Light Industrial, but special use zoning is available for nearly any use. |
AMENITIES
- 24 Hour Access
- Bus Line
- Fenced Lot
- Floor Drains
- Signage
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
This is an expandable space on the first floor of a six-story building. It has multiple entrances with 11-foot doors, is very energy efficient, has newly updated lighting, and has parking and exterior signage available.
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
Space is made up of multiple stories in this space.
Space is made up of multiple stories in this space.
Space is made up of multiple stories in this space.
First-floor industrial/commercial space featuring front-facing signage, a brand-new parking lot, and 12-foot-high access doors. The space offers natural light, soaring 30-foot ceilings, and the option for overhead cranes. Fully updated with new LED lighting, modern three-phase electrical, and energy-efficient infrared tube heaters—programmable and controllable via smartphone. The space is expandable into adjacent areas and can be customized to suit tenant needs, with build-out services available for qualified users.
This newly updated space has a brand new roof, new electrical with single phase and three phase. We have Brand new updated LED lighting throughout entire shop. 20 foot ceilings. All new electrical throughout entire shop. We have brand new infra red heating for very efficient winter heating and its all programmable. We have connected office space available up to 5000 square feet. We have 2 Loading docks with 5 more available loading docks if you need them. We have a brand new parking lot in front with signage available if needed. Also there is a back fenced in lot available. Fire suppression system. This space is expandable and immediately available.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,000-21,680 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 707 | 2,120 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 709 | 3,200 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 711 | 10,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 715 | 11,000 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 717- D | 10,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 717-A | 10,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 717-B | 10,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 721 | 17,000 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 757 | 20,000 SF | Industrial | Partial Build-Out | Now |
1st Floor
| Size |
| 3,000-21,680 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 707
| Size |
| 2,120 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 709
| Size |
| 3,200 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 711
| Size |
| 10,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 715
| Size |
| 11,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 717- D
| Size |
| 10,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 717-A
| Size |
| 10,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 717-B
| Size |
| 10,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 721
| Size |
| 17,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 757
| Size |
| 20,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 3,000-21,680 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
1st Fl - 707
| Size | 2,120 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
1st Fl - 709
| Size | 3,200 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
1st Fl - 711
| Size | 10,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
This is an expandable space on the first floor of a six-story building. It has multiple entrances with 11-foot doors, is very energy efficient, has newly updated lighting, and has parking and exterior signage available.
1st Fl - 715
| Size | 11,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Fully updated facility with new roofing (30-year warranty), three-phase power, LED lighting, and infrared tube heaters for efficient, programmable heating. Multiple sections can be combined or separated for privacy and security. Features 16-foot garage doors, exhaust systems, and optional overhead cranes. Build-out financing available; updated exterior not shown in online photos.
1st Fl - 717- D
| Size | 10,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Space is made up of multiple stories in this space.
1st Fl - 717-A
| Size | 10,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Space is made up of multiple stories in this space.
1st Fl - 717-B
| Size | 10,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Space is made up of multiple stories in this space.
1st Fl - 721
| Size | 17,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
First-floor industrial/commercial space featuring front-facing signage, a brand-new parking lot, and 12-foot-high access doors. The space offers natural light, soaring 30-foot ceilings, and the option for overhead cranes. Fully updated with new LED lighting, modern three-phase electrical, and energy-efficient infrared tube heaters—programmable and controllable via smartphone. The space is expandable into adjacent areas and can be customized to suit tenant needs, with build-out services available for qualified users.
1st Fl - 757
| Size | 20,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
This newly updated space has a brand new roof, new electrical with single phase and three phase. We have Brand new updated LED lighting throughout entire shop. 20 foot ceilings. All new electrical throughout entire shop. We have brand new infra red heating for very efficient winter heating and its all programmable. We have connected office space available up to 5000 square feet. We have 2 Loading docks with 5 more available loading docks if you need them. We have a brand new parking lot in front with signage available if needed. Also there is a back fenced in lot available. Fire suppression system. This space is expandable and immediately available.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Fiesta Garibaldi | Mexican | $$ | 12 min walk |
| McDonald's | - | - | 12 min walk |
| Old Town Serbian Gourmet | European | $$ | 13 min walk |
RETAIL |
||
|---|---|---|
| Chuck E. Cheese's | Arcade | 10 min walk |
| Walgreens | Drug Store | 11 min walk |
| C & R Market | Supermarket | 11 min walk |
| Speedway | Convenience Market | 13 min walk |
HOTELS |
|
|---|---|
| Residence Inn |
131 rooms
9 min drive
|
| Cambria Hotels |
132 rooms
8 min drive
|
| Holiday Inn |
130 rooms
8 min drive
|
| Quality Inn |
81 rooms
9 min drive
|
| Rodeway Inn |
46 rooms
8 min drive
|
| Courtyard |
170 rooms
9 min drive
|
| Hilton |
729 rooms
8 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,282,452 CAD | |
| Land Assessment | $194,362 CAD | Total Assessment | $1,476,815 CAD |
PROPERTY TAXES
SALE ADVISORS
SALE ADVISORS
Jon Petrie, Owner Petrie Property LLC
Presented by
Petrie Property LLC
737 W Cleveland Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.