Office in Milwaukee, WI — Sale in Milwaukee, WI

  • Price: $1.1M
  • Listing type: For sale
  • Asset type: Office
  • Location: Milwaukee, WI 53202

Description

Located in Milwaukee’s East Side, 1551 N Prospect Avenue offers approximately 5,709 square feet of office space across three floors and a lower level. The property sits on a 0.24-acre parcel and includes 15 surface parking spaces. Originally built in 1901 and adapted for commercial use, the building features multiple private offices, conference areas, and support spaces, making it suitable for professional services or boutique firms seeking a distinctive setting.

Market Context

This office in Milwaukee, WI is listed for sale at $1,099,500. It has been on the market for 195 days. Compare it against other office listings for sale in Milwaukee, WI — view the full market.

As of Q1 2026, the Milwaukee office market showed average asking rents near $42.84/SF/yr, and cap rates around 9.0%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Milwaukee?
About 9.0% as of Q1 2026, per multiple brokerage reports.

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