4480 N 124th St 75,294 SF 100% Leased Industrial Building Milwaukee, WI 53225 $3,950,000 ($52.46/SF)

Discover the fantastic opportunity to acquire a versatile industrial facility with prime placement in the Wauwatosa suburb of Milwaukee, Wisconsin, at 4480 N 124th Street. Currently 53% occupied, the property delivers existing income as well as robust modern features that makes it a perfect opportunity for end-users in warehousing, manufacturing, logistics, or storage industries.

4480 N 124th Street’s functional layout and desirable features separate it from other industrial properties in the area. The building spans a total of 75,294 square feet originally built in 1956 on a spacious 3.67-acre lot that provides parking for 81 vehicles. Loading at the property is made simple by two dock-high doors with levelers, four drive-in doors, and direct rail access, with interior clear heights ranging from 16 to 27 feet allowing for easy maneuvering and vertical storage solutions. The property is also equipped with a heavy, three-phase power supply (2,000amps), a wet sprinkler system, two 10-ton cranes with a 23-foot hook clearance, and a rubber membrane roof.

A fully NNN lease with Consolidated Electrical Distributors that began in May of 2024 claims approximately 40,000 square feet of the property, providing optionality for a new owner to either utilize the remaining space for their own business operations or lease up the vacancy to create a stabilized investment with improved revenue. The local Milwaukee NW Industrial Submarket has shown a strong recent performance that empowers industrial investment in the area. Vacancies sit at just 6.7%, while rents have grown by 6.9% year-over-year, outpacing the greater metro average.

4480 N 124th Street places businesses in a premier commercial hub that enhances operations with proximity to top urban amenities and major transportation infrastructure. The property is just off Interstate 41 and less than 10 minutes from Interstate 94. These busy arteries allow businesses to easily move products to major metropolitan cities across the Great Lakes region. Further distance logistics is also made convenient thanks to the freight services at the General Mitchell International Airport, reachable in just 30 minutes. The area is home to many national retail locations, and additional shopping opportunities are readily available at the nearby Mayfair Mall, the state’s largest shopping mall with over 160 upscale stores. The quality amenities and infrastructure have caused Wauwatosa to emerge a popular home for large industrial tenants, including vital nearby operations for Amazon, Briggs & Stratton, Phoenix Logistics, Timber Creek Resource, and more.

There is endless opportunity for growth and expansion thanks to the robust demographic profile within 5 miles of 4480 N 124th Street. More than 229,000 residents live in the area, delivering a workforce of more than 138,000. With over 28% of these workers employed in industrial segments, businesses at the property can tap into a large skilled labor pool of highly qualified new employees.

Seize the rare opportunity to acquire a modern, income-producing industrial facility at 4480 N 124th Street, ideal for both end-users and value-add investors seeking immediate cash flow and long-term upside.