The owner of a three-story, 140-year-old building in downtown Milwaukee is exploring options to sell the property.
The 15,640-square-foot building is located at 320 E. Clybourn St. It has an assessed value of $673,000 and is owned by Lorette Russenberger of Milwaukee, according to city records.
The building is being marketed by Mike Keane of The Boerke Company, who said recent developments in the area have encouraged the owner to consider selling the historic building.
“All of the activity in just a small area of the city, including the recently completed Milwaukee Marriott Downtown (hotel) and the Hilton Garden Inn hotel, as well as the proposed Couture mixed-use project and the 833 East Michigan building has positioned 320 East Clybourn as a prime location,” Keane said. “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.”
The building’s historic architectural features include Cream City brick, wood columns and exposed beams.
“It is these kinds of features that make this building unique when compared to other buildings currently available in this area,” Keane said. “The building’s smaller footprint and multi-story design lends itself to small businesses that refer clients to each other, such as those in the salon, spa, wedding and bridal, or fitness and rehab industries.”
