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23893191
23893192

2 Locations

CH
WI WI 936948-91
Marcus & Millichap - Milwaukee
Listed by Marcus & Millichap - Milwaukee
$2,400,000
357 days on market
Updated 59 days ago

Clark Street Warehouse

Details
APN 151032321011000
Property Type Industrial
Sub Type Flex, Warehouse (+1)
Square Footage 254,250
Net Rentable (SqFt) 226,345
Occupancy 100%
Pro-Forma Cap Rate 12.15%
Pro-Forma NOI $291,605
Price per SqFt $11
Class C
Year Built 1900
Buildings 8
Stories 4
Acreage 5.560
Investment Type Value Add
Ceiling Height 14'-24'
Loading Docks 4
Ownership LLC

Industrial | 226,345 SF

Marketing description

Marcus & Millichap, as an exclusive advisor, is pleased to present the opportunity to acquire 2200 Clark Street, a +/- 226,345 SF freestanding multi-level industrial facility fully sprinklered in Mount Pleasant, Wisconsin. In addition, this sale also includes an adjacent +/- 1.79 acre industrial lot that is secured to the north located at 2226 Clark Street for a total land acquisition of 5.56 acres. The additional lot provides valuable outdoor storage opportunity in the County of Racine.

2200 Clark Street is a class C property that offers a rare largeblock industrial opportunity with exceptional flexibility for manufacturing, warehousing, or repositioning. The facility offers two freight elevators rated at 10,000 lbs. each. With its substantial footprint, heavy power, and versatile loading capabilities, 2200 Clark Street presents an ideal opportunity for owner users or investors seeking a scalable industrial asset in a strategic Southeast Wisconsin location.

Constructed in 1900 with durable masonry construction, the building has been well maintained and utilized for light manufacturing and storage for the past 30 years, preserving its functionality and structural integrity. This site includes numerous separate buildings that have been constructed throughout the years to offer a new owner availability for a unique multi-tenant situation (referenced on page 8).

The adjacent parcel is a secured lot ideal for equipment, trailer, or material storage, this lot enhances the functional utility of the main facility and offers additional income or operational flexibility for owner-users or tenants.

Investment highlights

The subject property is strategically located near one of the Midwest’s most transformative tech investments—

Microsoft’s multi-billion-dollar data center campus in Mount Pleasant, WI. The resulting economic activity and

job creation are expected to elevate surrounding property values, increase demand for commercial

services, and improve infrastructure—creating a compelling investment opportunity.

A hub for global and family-owned firms, innovative industry leaders and start-up companies, manufacturers

and logistics businesses, Racine County offers a welcoming and robust business community. Businesses

in Racine County enjoy the advantages of proximity to Chicago and Milwaukee, and access to the more than 1

million workers within the Chicago-Milwaukee corridor, without the high cost of doing business there.

Listing Contacts

CH
WI WI 936948-91
Marcus & Millichap - Milwaukee
Listed by Marcus & Millichap - Milwaukee

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Additional Information

Name
Todd Lindblom
License
WI 56163
Title
Broker of Record
Name
Christian Hlavinka
License
WI 936948-91
Brokerage
Marcus & Millichap
Brokerage Phone
262-364-1973
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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