for sale prime donton redevelopment 1237 n van …...731 n jackson street suite 700 milwaukee, wi...

Nathan PowersPrincipal 414.203.3035 [email protected]

731 N Jackson Street Suite 700 Milwaukee, WI 53202Main: 414.341.1000 Fax: 414.347.1606boerke.com

Kristian SydowPrincipal 414.617.8008 [email protected]

Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

N Jackson StreetE J

unea

u Ave

nue

N Van Buren Street

LAND OVERVIEW Total Acreage: 1.26 Acres

Current Zoning: C9C - Central Business Neighborhood Retail

ECONOMICS Sale Price: $3,950,000 Tax Key: 3600911000

Taxes: $51,477.36 (2017)

Mill Rate: $27.30/$1,000 of Assessed Value

FEATURES

• One of the best development corners in the city of Milwaukee

• One of the rare downtown sites that include a large surface parking lot

• Incredible development site with a multitude of potential uses

• Vertical development desired by the city

• Potential opportunity to lease existing restaurant to help offset carry cost for future site redevelopment

DAYTIME DEMOGRAPHICS

TOTAL BUSINESSES

3,750 6,338 8,317

TOTAL EMPLOYEES

69,392 113,654 147,503

1 MILE 2 MILES 3 MILES

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

FOR SALE

PRIME DOWNTOWN REDEVELOPMENT 1237 N Van Buren StreetMilwaukee, WI 53202





Copyright © 2017 Cushman & Wakefield. All rights reserved.

Streetcar RoutesUnder ConstructionPlanned Extensions

PROPOSED STREET CAR ROUTE


FOR SALE






SURVEY


FOR SALE






AREA MAP

Goll MansionApartments192 Units

7 Seventy 7Under Construction

Mixed Use 322 Units

Vignette155 Units

Silhouette100

One83 Units

Aperature168 Units

Portrait55 Units

Chroma89 Units

Pritzla�90 Units

Avenir104 Units

BroadwayConnection

Planned 108 Units

735 W Wisconsin 144 Units

Blue Ribbon Lofts155 Units

Frederick Lofts100 Units

Eleven 25At Pabst

400 Units

Whitestone118 Units

Vim & Vigor274 Units

The CoutureProposed Mixed Use 312 Units

Germania78 Units

Park EastApartments

96 Units

The Buckler207 Units

MKE Lofts105 Units

MackieBuilding25 Units

MandelProposed235 Units

90 Rooms

150 Rooms

160 Rooms

484 Rooms

101 Rooms

138 Rooms

131 Rooms

155 Rooms

243 Rooms

169 Rooms94 Rooms

127 Rooms

204 Rooms

200 RoomsUnder Construction

221 Rooms

200 Rooms

307 Rooms

220 Rooms

Scottish Rite HotelProposed

730 Rooms

63 Rooms

Lake Michigan

Veterans Park

Milwaukee River

79479494

43

43

43

W Fond du Lac Avenue

W Wisconsin Avenue E Wisconsin Avenue

E Mason Street

E Wells Street

W Wells StreetW Wells Street

E Kilbourn Avenue

E State Street

W State Street

E Juneau AvenueW Juneau Avenue

E Knapp Street E Knapp Street

E Ogden Avenue E Ogden Avenue

N Pla

nkin

ton A

venu

e

N 2nd

Stre

et

N Wat

er St

reet

N Water Street

N 4th

Stre

etN 4

th St

reet

N 6th

Stre

etN 6

th St

reet

N Bro

adwa

yN B

road

way

N Milw

auke

e Stre

et

N Milw

auke

e Stre

et

E Michigan StreetW Michigan Street

E Clybourn StreetW Clybourn Street

N Jef

fers

on St

reet

N Jac

kson

Stre

et

N Cas

s Stre

etN C

ass S

treet

N Mar

shal

l Stre

etN M

arsh

all S

treet

N Jac

kson

Stre

et

N Van

Bure

n Stre

etN V

an Bu

ren S

treet

N Hum

bold

t Ave

nue

N Ast

or St

reet

N Lin

coln

Mem

orial

Drive

N Lincoln Memoria

l Driv

e

N Pro

spec

t Ave

nue

N Prospect Ave

nue

N Farw

ell Avenue

N Farw

ell Avenue

N Fra

nklin

Plac

e

E Brady Street

N Holton Street

E Royall Place

E Kane Place

E Irving Place

E Lafayette Place

N Old

Wor

ld Th

ird St

reet

18

N Jam

es Lo

vell S

treet

W Highland Avenue

W McKinley Avenue

W McKinley Avenue W Vilet Street

W Galena StreetW Galena Street

W Walnut Street

W Garfield Avenue

E Lloyd Street

W Brown Street

E Pleasant Street

W Walnut Street N Dr. M

artin

Luth

er Ki

ng D

rive

W Cherry StreetW Cherry Street

E Cherry Street

N 17th

Stre

et

N 12th

Stre

et

N 14th

Stre

et

N 13th

Stre

et

N 12t

h Stre

et

Milwaukee Rive

r

W Kilbourn Avenue

The Riverside

Federal Courthouse

N Wat

er St

reet

MULTI-FAMILY(RECENT OR CURRENT DEVELOPMENT)

HOTEL


FOR SALE







FOR SALE


DEMOGRAPHICS

TOTAL POPULATION 1 MILE 2 MILES 3 MILES

ESTIMATED POPULATION (2017) 25,764 73,497 145,750

DAYTIME POPULATION 1 MILE 2 MILES 3 MILES

TOTAL BUSINESSES 3,750 6,338 8,317

TOTAL EMPLOYEES 69,392 113,654 147,503

HOUSEHOLDS 1 MILES 2 MILES 3 MILES

ESTIMATED HOUSEHOLDS (2017) 16,033 35,158 62,930

ESTIMATED AVG HOUSEHOLD INCOME (2017) $83,615 $69,702 $59,197

AVERAGE HOUSEHOLD SIZE 1.5 1.8 2.1

MEDIAN AGE 1 MILE 2 MILES 3 MILES

MEDIAN AGE 32.7 29.6 29.2



FOR SALE


STATE OF WISCONSIN BROKER DISCLOSURE To Non-Residential Customers

Wisconsin Law requires all real estate licensees to give the following information about brokerage services to prospective customer

Prior to negotiating on your behalf the Broker must provide you the following disclosure statement:

BROKER DISCLOSURE TO CUSTOMERS

You are the customer of the broker. The broker is either an agent of another party in the transaction or a subagent of another broker who is the agent of another party in the transaction. The broker, or a salesperson acting on the behalf of the broker, may provide brokerage services to you. Whenever the broker is providing brokerage services to you, the broker owes you, the customer, the following duties:

The duty to prove brokerage services to you fairly and honestly.

The duty to exercise reasonable skill and care in providing brokerage services to you.

The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law.

The duty to disclose to you in writing certain material adverse facts about a property, unless disclosure of the information is prohibited by law (see “Definition of Material Adverse Facts” below).

The duty to protect your confidentiality. Unless the law requires it, the broker will not disclose your confidential information of other parties.

The duty to safeguard trust funds and other property the broker holds.

The duty, when negotiating, to present contract proposals inan objective and unbiased manner and disclose theadvantages and disadvantages of the proposals.

Please review this information carefully. A broker or salesperson can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional home inspection, contact an attorney, tax advisor, or home inspector.

This disclosure is required by section 452.135 of the Wisconsin Statutes and is for information only. It is a plain language summary of a broker’s duties to a customer under section 452.133 (1) of the Wisconsin Statutes.

CONFIDENTIALITY NOTICE TO CUSTOMERS

Broker will keep confidential any information given to broker in confidence, or any information obtained by broker that he or she knows a reasonable person would want to be kept confidential by law, or you authorize the broker to disclose particular information. A broker shall continue to keep the information confidential after broker is no longer providing brokerage services to you.

No representation is made as to the legal validity of any provision or the adequacy of any provision on any specific transaction.

NON-CONFIDENTIAL INFORMATION (The following information may be disclosed by Broker):

(INSERT INFORMATION YOU AUTHORIZE THE BROKER TO DISCLOSE SUCH AS FINANCIAL QUALIFICATION INFORMATION)

CONSENT TO TELEPHONE SOLICITATION

I/We agree that the Broker and any affiliated settlement service providers (for example, a mortgage company or title company) may call our/my home or cell phone numbers regarding issues, goods and services related to the real estate transaction until I/we withdraw this consent in writing. List Home/Cell Numbers:

The following information is required to be disclosed by law.

1. Material adverse facts, as defined in section 452.01 (5g) of the Wisconsin statutes (see “definition of material adverse facts” below).

2. Any facts known by the broker that contradict any information included in a written inspection report on the property or real estate that is the subject of the transaction. To ensure that the broker is aware of what specific information below. At a later time, you may also provide the broker with other information that you consider to be confidential.

CONFIDENTIAL INFORMATION:

SEX OFFENDER REGISTRY

Notice: You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the internet at http://offender.doc.state.wi.us/public/ or by phone at 608-240-5830.

DEFINITION OF MATERIAL ADVERSE FACTS

A “material adverse fact” is defined in Wis. Stat. 452.01 (5g) as an adverse fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significate to a reasonable party that it affects or would affect the party’s decision to enter into a contract or agreement concerning a transaction or affects or would affect the party’s decision about the terms of such a contract or agreement. An “adverse fact” is defined in Wis. Stat. 452.01 (1e) as a condition or occurrence that a competent licensee generally recognizes will significantly adversely affect the value of the property, significantly reduce the structural integrity of improvements to real estate, or present a significant health risk to occupants of the property, or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction.

CUSHMAN & WAKEFIELD | THE BOERKE COMPANY, INC.

NON-CONFIDENTIAL INFORMATION (The following information may be disclosed by Broker):

(INSERT INFORMATION YOU AUTHORIZE THE BROKER TO DISCLOSE SUCH AS FINANCIAL QUALIFICATION INFORMATION)

CONSENT TO TELEPHONE SOLICITATION

I/We agree that the Broker and any affiliated settlement service providers (for example, a mortgage company or title company) may call our/my home or cell phone numbers regarding issues, goods and services related to the real estate transaction until I/we withdraw this consent in writing. List Home/Cell Numbers:

The following information is required to be disclosed by law.

1. Material adverse facts, as defined in section 452.01 (5g) of the Wisconsin statutes (see “definition of material adverse facts” below).

2. Any facts known by the broker that contradict any information included in a written inspection report on the property or real estate that is the subject of the transaction. To ensure that the broker is aware of what specific information below. At a later time, you may also provide the broker with other information that you consider to be confidential.

CONFIDENTIAL INFORMATION:

for sale prime donton redevelopment 1237 n van …...731 n jackson street suite 700 milwaukee, wi...

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