FOR SALE OR LEASE UNIQUE WALKER’S POINT LOCATION...

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

Property Highlights

• Primed for Redevelopment• Located in vibrant Walker’s Point• Walking distance to the Historic Third Ward• Minutes from I-94, I-43 and I-794• Building signage available for large Tenant• Gated & street parking available

Lease Term & Rate $14.00 - 16.00/SF NetSale Price $2,000,000 (Bulding Only, As-is)

Specifications

AVAILABLE SPACE 228 S. 1st:1st Floor: 9,269 SF 2nd Floor: 9,269 SF 3rd Floor: 9,269 SF Lower Level: 9,269 SF

224 S 1st:1st Floor: 4,924 SF 2nd Floor: 2,507 SF Lower Level 2,507 SFGross Building Area 37,745 SF

Contact

Patti [email protected]

Scott J. [email protected]

UNIQUE WALKER’S POINT LOCATION224-228 S 1S T S T R E E TM I LWA U K E E W I 53204

F O R S A L E O R L E A S E

Present Past

Proposed Rendering



1 s t F LO O R P L A N




2 n d F LO O R P L A N




3 rd F LO O R P L A N




LO W E R L E V E L P L A N




P R O P E R T Y S U R V E Y

EAST OREGON STREET

SOUT

H 1s

t STR

EET

CH

APU

T LA

ND

SUR

VEY

S LLC

SITE

TITLE COMMITMENTThis survey was prepared based on Knight Barry Title Group File No. 768520, effective date of April 8, 2015 which lists the following easements and/orrestrictions from schedule B-II:

6, 7 & 8 visible evidence shown, if any. 1, 2, 3, 4, 5, 9, 10 & 11 not survey related.

12. Rights of Arkay Corporation of Wisconsin as disclosed in Warranty Deed recorded on February 4, 1986 as Document No. 5885829. Affects site bylocation.

13. Memorandum of Option and other matters recorded on July 24, 1987 as Document No. 6087521 and Memorandum of Option Assignment and othermatters recorded on May 31, 1988 as Document No. 6174903. Affects site by location.

ALTA/NSPS LAND TITLE SURVEYLEGAL DESCRIPTIONLot 7 and 8 in Block 9, in Walker's Point, in the Northeast 1/4 of Section 32, in Township 7 North, Range 22 East, in the City of Milwaukee, MilwaukeeCounty, Wisconsin.BASIS OF BEARINGSBearings are referenced to the North line of East Oregon Street which is assumed to bear North 89°42'52" West.

SITE ADDRESS228 South 1st Street, City of Milwaukee, Milwaukee County, Wisconsin.

CLIENTLCM Funds, LLC

FLOOD NOTEAccording to the flood insurance rate map of the County of Milwaukee, Community Panel No. 55079C0093E, effective date of September 26, 2008, thissite falls in Zone X (Areas determined to be outside the 0.2% annual chance floodplain).

PARKING SPACESThere are no parking spaces marked on this site.LAND AREAThe Land Area of the subject property is 13,973 square feet or 0.3208 acres. MUNICIPAL ZONING

Site is zoned: IM (Industrial-Mixed)Front, Side & Rear setback: noneMaximum building height: 85 feet (new construction only)Minimum building height: 30 feet

CHAPUT LAND SURVEYS LLC

234 W. FLORIDA STREETMILWAUKEE, WI 53204414-224-8068www.chaputlandsurveys.com Drawing No. 1988-tjn

TABLE "A" ITEMS11. Utility lines are shown from visible surface evidence, municipal plans and from plans and markings provided by Diggers Hotline, the One-call Utility Marking

System (Wisconsin Statute 182.0175), Ticket Number 20162719430. This survey represents the underground utilities that participated with the request andwere marked on the time of the survey. Additional utilities may exist, but were non-responsive to the request.

TO: LCM Funds 35 Office LLC, a Wisconsin limited liability companyKnight Barry Title GroupStewart Title Guaranty Company

This is to certify that this map or plat and the survey on which it is based were made inaccordance with the 2016 Minimum Standard Detail Requirements for ALTA/NSPS Land TitleSurveys, jointly established and adopted by ALTA and NSPS, and includes Items 1, 2, 3, 4, 7(a),7(b1), 7(c), 8, 9, 11, and 21 of Table A thereof. The field work was completed on July 8, 2016.

Date of Map: July 11, 2016.Revised: October 10, 2016

Donald C. ChaputProfessional Land Surveyor

Registration Number S-1316

LEGEND




A E R I A L & LO C AT I O N

Demographics

1 MILE 3 MILES 5 MILES

Population 8,632 213,780 441,657

Households 3,620 82,050 172,972

AVG HH Income $33,863 $25,944 $32,577




S TAT E O F W I S C O N S I N BROKER DISCLOSURE

N O N - R E S I D E N T I A L C U S TO M E R S

Disclosure to CustomersYou are a customer of the brokerage firm (hereinafter Firm). The Firm is either an agent of another party in the transaction or a subagent of another firm that is the agent of another party in the transaction. A broker or a salesperson acting on behalf of the Firm may provide brokerage services to you. Whenever the Firm is providing brokerage services to you, the Firm and its brokers and salespersons (hereinafter Agents) owe you, the customer, the following duties:

• The duty to provide brokerage services to you fairly and honestly.

• The duty to exercise reasonable skill and care in providing brokerage services to you.

• The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law.

• The duty to disclose to you in writing certain Material Adverse Facts about a property, unless disclosure of the information is prohibited by law.

• The duty to protect your confidentiality. Unless the law requires it, the Firm and its Agents will not disclose your confidential information or the confidential information of other parties.

• The duty to safeguard trust funds and other property held by the Firm or its Agents.

• The duty, when negotiating, to present contract proposals in an objective and unbiased manner and disclose the advantages and disadvantages of the proposals.

Please review this information carefully. An Agent of the Firm can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional home inspection, contact an attorney, tax advisor, or home inspector. This disclosure is required by section 452.135 of the Wisconsin statutes and is for information only. It is a plain-language summary of the duties owed to a customer under section 452.133(1) of the Wisconsin statutes.

Confidentiality Notice to CustomersThe Firm and its Agents will keep confidential any information given to the Firm or its Agents in confidence, or any information obtained by the Firm and its Agents that a reasonable person would want to be kept confidential, unless the information must be disclosed by law or you authorize the Firm to disclose particular information. The Firm and its Agents shall continue to keep the information confidential after the Firm is no longer providing brokerage services to you.

The following information is required to be disclosed by law:

1. Material Adverse Facts, as defined in section 452.01(5g) of the Wisconsin Statutes (see “Definition of Adverse Facts” below).

2. Any facts known by the Firm or its Agents that contradict any information included in a written inspection report on the property or real estate is the subject of the transaction.

To ensure that the Firm and its Agents are aware of what specific information you consider confidential, you may list that information below or provide that information to the Firm or its Agents by other means. At a later time, you may also provide the Firm or its Agents with other information you consider to be confidential.

CONFIDENTIAL INFORMATION

NON-CONFIDENTIAL INFORMATION (the following information may be disclosed to the Firm and its Agents)

(Insert information you authorize to be disclosed, such as financial qualification information.)

Definition of Material Adverse Facts

A “Material Adverse Fact” is defined in Wis. Stat. 452.01(5g) as an Adverse Fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects or would affect the party’s decision to enter into a contract or agreement concerning a transaction or affects or would affect the party’s decision about the terms of such a contract or agreement.

An “Adverse Fact” is defined in Wis. Stat. 452.01(1e) as a condition or occurrence that a competent licensee generally recognizes will significantly and adversely affect the value of the property, significantly reduce the structural integrity of improvements to real estate, or present a significant health risk to occupants of the property; or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction.

Notice About Sex Offender Registry

You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov or by telephone at 608-240-5830.

Wisconsin law requires all real estate licensees to give the following information about brokerage services to prospective customers.

Prior to negotiating on your behalf the Brokerage firm, or an agent associated with the firm, must provide you the following disclosure statement.

No representation is made as to the legal validity of any provision or the adequacy of any provision in any specific transaction.

FOR SALE OR LEASE UNIQUE WALKER’S POINT LOCATION...

Documents

Transcript of FOR SALE OR LEASE UNIQUE WALKER’S POINT LOCATION...