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Railway Exchange Building 231 E Wisconsin Ave 2,468 - 3,468 SF of Retail Space Available in Milwaukee, WI 53202



Sublease Highlights
- Highly visible retail storefront with expansive frontage along East Wisconsin Avenue and North Broadway.
- Surrounded by major employers, hospitality venues, and vibrant retail destinations in the heart of downtown Milwaukee.
- Immediate access to the Milwaukee Intermodal Station and convenient connectivity to I-94 and I-43.
- Located within the historic Railway Exchange building showcasing classic architectural details and a white marble lobby.
- Strong daytime and residential population within walking distance, with excellent pedestrian and vehicle traffic.
- Flexible layout with an additional ±1,000 SF available, ideal for retail or food service concepts.
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
Total Available ±2,468 w/ Additional ±1,000 SF Available
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Lease rate does not include utilities, property expenses or building services
- Central Air and Heating
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 2,468-3,468 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $69,360 /YR $5,780 /MO | Retail | Full Build-Out | 30 Days |
1st Floor
| Size |
| 2,468-3,468 SF |
| Term |
| Negotiable |
| Rental Rate |
| $20.00 /SF/YR $1.67 /SF/MO $69,360 /YR $5,780 /MO |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 2,468-3,468 SF |
| Term | Negotiable |
| Rental Rate | $20.00 /SF/YR |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Total Available ±2,468 w/ Additional ±1,000 SF Available
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air and Heating
Select Tenants
- Floor
- Tenant Name
- Industry
- 10th
- A Neutral View
- Professional, Scientific, and Technical Services
- 6th
- Genoa Healthcare
- Retailer
- 11th
- Gonzalez Fernandini Law Office, LLC
- Professional, Scientific, and Technical Services
- 9th
- Murry Hill Consulting
- Professional, Scientific, and Technical Services
- 1st
- Pita Pit
- Accommodation and Food Services
- 6th
- Psychiatric Consultants & Therapists SC
- Health Care and Social Assistance
- 7th
- Russell Lafrombois III
- Professional, Scientific, and Technical Services
- 9th
- The Refinery Photo Studio
- Professional, Scientific, and Technical Services
- 11th
- TLC Engineering Solutions, Inc.
- Professional, Scientific, and Technical Services
- 9th
- Willich Law Office, LLC
- Professional, Scientific, and Technical Services
Property Facts
Property Overview
Located in the iconic Railway Exchange building at the corner of East Wisconsin Avenue and North Broadway, this retail opportunity sits in one of downtown Milwaukee’s most historic and vibrant corridors. The 12-story property was originally constructed in the early 1900s as the headquarters for the Chicago & Northwestern Railway and maintains its architectural grandeur through features such as a white marble lobby, original porcelain tile flooring, and wrought-iron stairways. The available retail suite offers approximately 2,468 square feet of street-level space with an additional ±1,000 square feet available, delivering high visibility and frontage along two premier downtown thoroughfares. Large display windows invite natural light and provide exceptional branding opportunities for retailers and food service operators seeking to capitalize on the area’s heavy pedestrian and vehicular traffic. Tenants will benefit from immediate connectivity to Milwaukee’s central business district and close proximity to key destinations, including the Deer District, Third Ward, and the Milwaukee Intermodal Station. Surrounded by major employers, hospitality venues, and a dynamic retail mix, the location offers strong daytime and residential demographics with a dense and growing customer base. This prominent positioning ensures consistent exposure and access to a thriving urban market, making it an ideal setting for a variety of retail concepts.
- Bus Line
- Property Manager on Site
- Signage
- Air Conditioning
Nearby Major Retailers


