Mixed-Use Redevelopment Opportunity in Walker’s Point

511 West National Avenue, Milwaukee, WI 53204

Beau Beach, CCIM presents:

511 West National is a 4 story office building that was first constructed in 1900.  The property has been in the family for generations.  We believe its highest and best use is a mixed-use building with first floor retail with apartments above.  This is a redevelopment opportunity.

The property has been well cared for over the years.  The exterior has a ton of character.  Masonry construction.  Existing elevator.  White roofs are in good condition.  Solid foundation.  Basement.  Signalized intersection.  Good ceiling heights and floor plate depths on all floors…the existing layout will easily accommodate apartments.  Limited environmental issues.  Little demolition needed.  No parking accompanies the property.

Located at the prominent corner of W. National and 5th Street in red-hot Walker’s Point!  Many charming details that you will need to see for yourself by attending one of the scheduled open houses (details below).

Located in an Opportunity Zone.  Historic tax credits may be available.  Zoned LB2 (Local Business).  The property will be delivered vacant.

Click here to get the Property Information Package.

 

VIEWING THE INTERIOR:

Buyers may view the interior of this property at specified times only.  The “open house” schedule is:

  • Wednesday October 30th 10AM – Noon
  • Tuesday November 12th 3Pm – 5PM
  • Wednesday November 27th 10AM – Noon

Ask us about our video conference options if you cannot attend one of the scheduled open houses.

 

CALL FOR OFFERS:

Buyers should submit offers by Monday, December 2nd.  We are happy to prepare your offer for the seller’s consideration.  When we draft your offer we also pay $500 of your legal fees when the transaction closes.

The seller’s preferred offer structure is 60 days due diligence, 90 day close, $25,000 earnest money.

Seller reserves the right to accept an offer at anytime.

 

LOCATION DESCRIPTION:

Walker’s Point is a neighborhood that lies south of the Third Ward, north of Bay View and the eastern part of the Menomonee River Valley.  Founded by George Walker in 1835 as a fur trading post, the area quickly expanded into one of Wisconsin’s most industrial neighborhoods.

As recently as 2010, the area has exponentially taken off as “Milwaukee’s Fastest Growing Entertainment District”. Walker’s Point is home to the newly developing 2nd Street “Restaurant Row”.

Walker’s Point is also commonly referred to as the 5th Ward given close proximity to the extremely popular Historic 3rd Ward neighborhood.  You’ll find some of the city’s best bars and nightclubs alongside award-winning restaurants and locally-made artisan food products.  Many of the neighborhood’s bars and restaurants are focused along Second Street, but Fifth Street is quickly becoming another hotspot for the area.

Its daytime and nightlife scene includes craft breweries and distilleries housed in industrial spaces, wine bars, LGBT bars, cafes, antique stores, tattoo shops, Latin clubs, Mexican eateries, trendy American bistros and locavore brunch spots. The Allen-Bradley Clock Tower is a city icon located in Walkers Point, featuring a large 4-sided clock.

A diverse and vibrant neighborhood, Walkers Point is home to the Harley Davidson Museum, Iron Horse Hotel, a growing freshwater industry, the popular indie radio station 88Nine Radio Milwaukee, and a trendy bar and restaurant scene.

Today, a myriad of underutilized factories and warehouses have been renovated into businesses and residences, making for an urban living experience that is uniquely its own.

  • Price: $1,499,000 
  • Area: 10,455 SF Lot 
  • Phone Number: 414-875-3079 
  • Space (s.f.): 33,868 SF 
Posted By: on