Milwaukee, WI Commercial Property for Sale (111 Real Estate Listings)
Milwaukee, WI Real Estate Statistics
| Average Price | $249K |
|---|---|
| Lowest Price | $11 |
| Highest Price | $8M |
| Total Listings | 1,484 |
| Avg. Days On Market | 95 |
| Avg. Price/SQFT | $144 |
Property Types (active listings)
As of October 3, 2023 there are 111 active Milwaukee, WI commercial real estate listings for sale with an average listing price of $478,019. The highest-priced commercial property listing is $6,000,000, while the lowest priced commercial property can be purchased for $11. Milwaukee, WI Commercial properties for sale have an average price of $95 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 7,387 square feet of living space.
Milwaukee, WI Commercial Real Estate
Commercial real estate refers to properties that are intended for use by businesses or other commercial entities. This includes a wide range of property types, such as office buildings, retail spaces, industrial warehouses, apartment complexes, and hotels. Essentially, any property that is used to generate income or serve a business purpose can be classified as commercial real estate.
Investing in Milwuakee, WI commercial real estate can be a profitable venture for individuals or businesses looking to generate rental income or to grow their assets. The value of commercial real estate is often determined by its location, size, and potential for generating income. While commercial real estate investments can require larger amounts of capital than residential investments, they often provide higher yields and longer lease terms. Additionally, the value of commercial real estate is often tied to the economic growth of the area in which it is located, making it an attractive option for investors seeking long-term growth opportunities.
History of Milwaukee, WI
Milwaukee, Wisconsin, is a city with a rich and fascinating history. From its early days as a trading post to its status as a major industrial hub in the 19th and 20th centuries, Milwaukee has played an important role in the development of the United States.
The area that is now Milwaukee was originally inhabited by the Menominee, Fox, and Potawatomi tribes. The first European to visit the area was a French fur trader named Jean Nicolet in 1634. However, it wasn't until the mid-19th century that Milwaukee began to grow and develop into the city that we know today.
In the early 1800s, Milwaukee was just a small settlement on the western shore of Lake Michigan. However, with the opening of the Erie Canal in 1825, the city's fortunes began to change. The canal made it easier and cheaper to transport goods from the East Coast to the Midwest, and Milwaukee quickly became an important trading post for farmers and merchants in the region.
Milwaukee's population grew rapidly in the mid-19th century, thanks in large part to an influx of German immigrants. These immigrants brought with them a strong tradition of brewing, and Milwaukee soon became known as the "Beer Capital of the World." By the late 1800s, there were more than 30 breweries in the city, producing millions of barrels of beer each year.
In the 20th century, Milwaukee continued to thrive as a major industrial hub, with factories producing everything from machinery and tools to automobiles and motorcycles. However, the city also faced significant challenges, including racial tensions and urban decay.
Today, Milwaukee is a vibrant and diverse city that is home to more than 600,000 people. The city's rich history is evident in its architecture, museums, and cultural institutions, and its strong tradition of manufacturing and innovation continues to drive its economy forward. From its early days as a small trading post to its status as a thriving metropolis, Milwaukee's history is a testament to the resilience and perseverance of the American spirit.
Milwaukee, Wisconsin Demographics
Milwaukee, Wisconsin, is a diverse city with a population of over 590,000 people. The city's demographics reflect a range of ethnicities, ages, and socioeconomic backgrounds.
According to the United States Census Bureau, the majority of Milwaukee's population is non-Hispanic White (39.9%) or non-Hispanic Black or African American (36.4%). The Hispanic or Latino population makes up 19.6% of the city's population, and the Asian population is 4.5%. Milwaukee is also home to a growing population of people who identify as two or more races, which now accounts for 2.6% of the city's population.
In terms of age, Milwaukee has a relatively young population, with a median age of 31.6 years. This is lower than the national median age of 38.2 years. The city also has a higher percentage of children under the age of 18 than the national average, with 26.8% of the population falling into this age group.
Milwaukee's population is diverse not only in terms of ethnicity and age but also in terms of socioeconomic status. According to the U.S. Census Bureau, the median household income in Milwaukee is $44,622, which is lower than the national median of $62,843. The poverty rate in the city is 26.3%, which is higher than the national average of 10.5%.
Overall, Milwaukee's demographics reflect a diverse and complex community, with a range of ethnicities, ages, and socioeconomic backgrounds. While the city faces some challenges, particularly in terms of poverty and income inequality, it also offers opportunities for growth and development, and its diverse population is a source of strength and resilience.
Milwaukee, WI Geography
Milwaukee, Wisconsin, is a city located in the Great Lakes region of the United States. The city is situated on the western shore of Lake Michigan, one of the largest freshwater lakes in the world, and is surrounded by rolling hills and lush forests.
Milwaukee's geography is defined by its proximity to Lake Michigan. The lake serves as a major transportation hub, providing access to ports and waterways throughout the Midwest and beyond. The city's economy has historically been tied to the lake, with industries such as shipping, manufacturing, and brewing all benefiting from its strategic location.
In addition to Lake Michigan, Milwaukee is also home to a number of other bodies of water, including the Milwaukee River, Menomonee River, and Kinnickinnic River. These rivers were once used for transportation and industry, but today they serve as recreational areas for boating, fishing, and kayaking.
Milwaukee's terrain is characterized by rolling hills and valleys, with the city situated at the mouth of the Milwaukee River Valley. The city's highest point is located in the nearby suburb of Franklin, which sits at an elevation of 928 feet above sea level. The city is also home to a number of parks and green spaces, including the sprawling 1,200-acre Milwaukee County Park System.
Overall, Milwaukee's geography is defined by its location on the shores of Lake Michigan and its surrounding natural beauty. The city's proximity to waterways and forests provides a unique backdrop for its urban landscape, and its diverse geography has played a significant role in its economic and cultural development over the years.
Milwaukee, Wisconsin's Economy
Milwaukee, Wisconsin, has a diverse economy that is driven by a range of industries. The city has a long history of manufacturing, but in recent years it has also developed a strong healthcare and technology sector, among others.
Manufacturing has traditionally been a key driver of Milwaukee's economy, and the city remains home to a number of major manufacturing companies, including Harley-Davidson, Briggs & Stratton, and Rockwell Automation. These companies, along with many smaller manufacturing firms, employ a significant portion of the city's workforce.
Milwaukee's healthcare industry has also grown in recent years, driven in part by the presence of several major hospitals and research institutions. Froedtert Hospital and the Medical College of Wisconsin are two of the largest employers in the city, and the healthcare industry as a whole employs over 50,000 people in the Milwaukee metropolitan area.
In addition to manufacturing and healthcare, Milwaukee is also home to a growing technology sector. The city has a number of startup incubators and coworking spaces, as well as established technology firms like Johnson Controls and Northwestern Mutual. The city's proximity to the University of Wisconsin-Milwaukee and other research institutions has also helped to fuel the growth of the technology sector in the area.
Overall, Milwaukee's economy is diverse and dynamic, with a range of industries contributing to its growth and development. While manufacturing has historically been a key driver of the city's economy, the healthcare and technology sectors have emerged as important growth areas in recent years. As Milwaukee continues to attract new businesses and entrepreneurs, its economy is poised for continued growth and innovation in the years ahead.
Milwaukke, WI Employment Outlook
Milwaukee, Wisconsin, has a diverse economy with a range of industries driving employment growth in the city. As of 2021, the city's unemployment rate was around 5.2%, slightly below the national average. While the COVID-19 pandemic has had an impact on the local job market, Milwaukee's employment outlook remains positive.
One of the key drivers of employment in Milwaukee is the manufacturing industry. The city has a long history of manufacturing, and it remains a major employer in the area. As of 2021, the manufacturing industry employed over 70,000 people in the Milwaukee metropolitan area. Major manufacturing companies such as Harley-Davidson, Briggs & Stratton, and Rockwell Automation all call Milwaukee home, and they continue to provide jobs to a significant portion of the local workforce.
Another growing industry in Milwaukee is healthcare. The city is home to several major hospitals and research institutions, including Froedtert Hospital and the Medical College of Wisconsin. As of 2021, the healthcare industry employed over 50,000 people in the Milwaukee metropolitan area, and that number is expected to grow as the population continues to age and demand for healthcare services increases.
Milwaukee's technology sector has also been growing in recent years, driven in part by the city's proximity to the University of Wisconsin-Milwaukee and other research institutions. A number of startups and established tech firms have set up shop in Milwaukee, including Johnson Controls and Northwestern Mutual. As the city continues to invest in its technology infrastructure, the tech sector is expected to continue to grow and provide new job opportunities.
Overall, Milwaukee's employment outlook is positive, with a range of industries driving job growth in the city. While the COVID-19 pandemic has had an impact on the local job market, the city's diverse economy and range of industries are expected to help it bounce back quickly. As Milwaukee continues to attract new businesses and industries, its employment outlook is poised for continued growth and success in the years ahead.