Marquette University continues to acquire real estate on the west side of downtown Milwaukee. The university recently purchased the Herzing University building, located at 525 N. 6th St., for $1.465 million, according to state records.
The two-story, 19,779-square-foot building was built in 1967 and has an assessed value of $1.282 million, according to city records.
The property was sold to Marquette by Menomonee Falls-based S&R Property LLC. The agent for S&R is Henry Herzing.
This is just the latest real estate acquisition by MU on the west side of downtown Milwaukee.
Last fall, MU purchased a 7.5-acre site southeast of West Michigan Street and I-43. The site includes two buildings, a 132,334-square-foot office building and a 7,200-square-foot building, sold by Zilber Property Group for $5.25 million. MU also announced plans to acquire a 4.6-acre site from the Wisconsin Department of Transportation.
MU recently purchased the 5,046-square-foot Butch’s Old Casino Steak House building at 555 N. James Lovell St. for $690,000.
Marquette plans to build a sports medicine/health and wellness facility, which will be a collaborative partnership between the Milwaukee Bucks and the university, on the sites acquired from Zilber, WisDOT and Butch’s.
