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2305 N Prospect Ave
Milwaukee, WI 53211
Only Whole Foods in Milwaukee | Rental Bumps · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
53,875 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
1.49
Lot Size
0.83 AC
Zoning
PD
Parking
159 Spaces (2.95 Spaces per 1,000 SF Leased)
Frontage
177’ on Farwell Ave

Amenities

  • Corner Lot
  • Signalized Intersection
  • Air Conditioning
  • Smoke Detector

About 2305 N PROSPECT AVE , MILWAUKEE, WI 53211

The property is strategically located at the signalized hard corner of East North Avenue and North Prospect Avenue, with excellent visibility and access to 22,800 vehicles per day. The property occupies the ground floor of Prospect Medical Commons, one of two large medical clinics on the Lake Drive Campus of Ascension Columbia St. Mary’s Milwaukee Hospital (CSMM). The Lake Drive Campus of CCSM is made up of two hospitals, the Main Hospital and Women’s Medical Center, and two large clinics, Prospect Medical Commons and Water Tower Medical Commons. The hospital has an average of 250 inpatients on any given day and is in the midst of a multi-year process of becoming a tertiary center, a designation given to major hospitals capable of handling the most advanced and specialized medical cases. That process has involved recruiting new physicians and making capital investments in the facilities, including more than $23.2 million to date in upgrades and improvements. The property benefits from its prime location in Milwaukee’s East Side neighborhood. Located just north of Milwaukee’s downtown and bordered by the Milwaukee River to the west and Lake Michigan to the east, the East Side encompasses residences, bars, shops, art theaters, live music clubs, and the University of Wisconsin–Milwaukee campus. Considered to be a cultural and trend-setting center of the city since at least the 1960s, the East Side is Milwaukee's melting pot, with a mix of hipsters, hippies, college students, and young professionals converging in the area's diverse restaurants, bars, and stores. The densely populated neighborhood provides an ideal customer base for Whole Foods Market, with 30,401 residents living within a one-mile radius and 331,731 people living within five miles. Additionally, the property is located near Milwaukee’s central business district and some of the region’s largest employers. As a result, the surrounding area’s population increases during business hours, with 132,373 daytime employees work within three miles of the property.

  • Listing ID: 16383829

  • Date on Market: 6/18/2019

  • Last Updated:

  • Address: 2305 N Prospect Ave, Milwaukee, WI 53211

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