232 E Chicago St, Milwaukee, WI 53202

Colliers is pleased to present The Third Ward Center, a premier historic mixed-use building within the heart of the Historic Third Ward in Milwaukee, Wisconsin. Located at 224-246 E Chicago St, the three-story building features 83,261 SF of exposed brick and timber with lofted open ceilings, an abundance of natural light from floor-to-ceiling windows and skylights, and attractive, updated tenant spaces. The building is currently 53% leased to two tenants, Restoration Hardware Outlet and Cramer-Krasselt marketing agency. Restoration Hardware Outlet plans to vacate their premises upon their March 2026 lease expiration, creating a prime first floor leasing opportunity for a variety of uses between a single or multiple tenants. With additional income from the rare underground parking, a new owner has the benefit of a cash flowing property with the value-add opportunity to redevelop or lease-up the building. Current ownership extensively renovated and redeveloped the building in 2008, thus reducing future costs for a new owner.

With its location in the midst of the Historic Third Ward, the site offers unmatched walkability and access to high end amenities including some of Milwaukee’s best restaurants, high end and boutique retailers, and a plethora of arts and entertainment options. The Historic Third Ward is Milwaukee’s former warehouse district that has been redeveloped into luxury apartments and condominiums as well as mix of sophisticated and eclectic commercial uses.