(MILWAUKEE) — 320 East Clybourn, a Cream City Brick Building with a rich, historical downtown Milwaukee presence, is now being marketed for sale. The 15,640 square-foot building, which has three floors and a full basement, has been exclusively marketed for lease, but the building owner is now exploring options to not only lease, but also sell the property, as current and prospective developments in the East Clybourn Street corridor have been heating up from the Milwaukee River east to the lakefront.

“All the activity in just a small area of the City, including the recently completed Milwaukee Marriot Downtown and the Hilton Garden Inn hotels, as well as the proposed Couture mixed-use project and 833 East Michigan buildings has positioned 320 East Clybourn as a prime location,” said The Boerke Company’s Mike Keane, who is the lead listing broker for the building. “The property’s freeway visibility, access, historical feel, location on the edge of Downtown and the Third Ward, along with the high amounts of foot traffic makes this an attractive opportunity.”

320 east int

Along with the building’s Cream City brick interior and exterior, natural light, wood columns and exposed beams, the building is also accompanied by an elevator which runs on water pressure, believed to be the only one still in service in the Milwaukee area. “It is these kinds of features that make this building unique when compared to other buildings currently available in this area,” Keane added. “The building’s smaller footprint and multi-story design lends itself perfectly to small businesses that refer clients to each other, such as those in the salon and spa, wedding and bridal, or fitness and rehab industries.”

The property is being marketed on The Boerke Company’s website, www.boerke.com, with a lease rate of $15.00 modified gross PSF and a newly listed asking sale price of $1.1 million.  The marketing sheet for the listing notes that each floor is 3,900 square feet and high visibility from both I-94 East and West bound traffic.

Click here to view the official press release PDF.