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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
22358544
22358545

2252-2266 N Prospect Ave, Milwaukee, WI 53202 For Sale

AT
112478-94
Milwaukee Executive Realty
Listed by Milwaukee Executive Realty
$3,950,000
485 days on market
Updated 44 days ago

The Clock Tower

Details
APN 356-0215-100
Property Type Office, Retail
Sub Type Creative Office, Traditional Office
Square Footage 88,379
Cap Rate 4.44%
NOI $175,410
Occupancy 93%
Tenancy Multi
Lease Type Gross
Broker Co-Op Yes
Class C
Year Built 1924
Stories 6
Lot Size (SqFt) 32,117
Zoning COMMERCIAL
Investment Type Redevelopment
Ownership Carole Wehner

Office | 4.44% CAP | 88,379 SqFt

Marketing description

Milwaukee Executive Realty is pleased to present The Clock Tower, an 88,379 SF office building in Milwaukee, WI. The Clock Tower consists of a six-story multi-tenant office and retail building situated on approximately 0.74 acres. Built in 1924 as a Coakley Brothers warehouse, the property features masonry construction and an ample parking ratio of 1.59 spaces per 1,000 SF. The building is currently 93% occupied by RSF. The Property is ideally-located in the heart of Milwaukee's East Side neighborhood.

Investment highlights

The Clock Tower demonstrated exceptional resilience during the pandemic, maintaining a high occupancy level while many other office buildings sat empty/mostly vacant.

Given the historic nature of this building and area, a new development here would garner a lot of attention from local media and prominent figures.

This plot offers the largest development opportunity currently available in the East Side area!

Listing Contacts

AT
112478-94
Milwaukee Executive Realty
Listed by Milwaukee Executive Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$175,410.00
$14,617.50/mo

Valuation Metrics

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DSCR
4.44%
Cap Rate
4.44%
ROI

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