790 N Van Buren St - Specialty FOR SALE


Milwaukee, WI 53202- Juneau Town
$6,000,000 USD
312-371-2920
790 N Van Buren St, Milwaukee, WI for Sale
$6,000,000 USD
Specialty - FOR SALE
1/2
null | Request Cap Rate

790 N Van Buren St
Milwaukee, WI 53202
Juneau Town


HIGHLIGHTS

  • Rare adaptive-reuse development in an iconic historic limestone landmark.
  • Prime downtown location near Northwestern Mutual, Cathedral Square & lakefront.
  • 83.3% renter population within one mile.
  • +56.6% population and +69.6% household growth since 2000.
  • Partially completed framing & new 22-stall underground garage.
  • Stable, supply-disciplined downtown submarket with resilient rent performance.

OVERVIEW

Rare Adaptive-Reuse Development Opportunity in the Heart of Downtown Milwaukee Colliers is pleased to present a rare adaptive-reuse development opportunity at the historic Scottish Rite Masonic Center, a landmark positioned at 790 North Van Buren Street in the core of Downtown Milwaukee. Ideally located on the southeast corner of Wells Street and Van Buren Street, just steps from Northwestern Mutual’s corporate campus, the property sits within one of Milwaukee’s most affluent, fastest-growing, and highest-renter zip codes. The offering represents a unique chance to deliver large, high-demand residential units in a downtown submarket that has seen strong population growth, rising incomes, exceptionally high renter concentration, and limited availability of spacious multifamily layouts. The existing redevelopment plan calls for 22 oversized units, primarily two-, three-, and four-bedroom configurations, ranging from approximately 1,500 to 2,500 square feet. Several units are envisioned as duplexes, one as a triplex, and select residences include private rooftop terraces. The partially completed work includes framed residential levels and a newly poured 22-stall underground parking garage. Originally constructed in 1889 as the Plymouth Congregational Church, the building was designed by prominent Milwaukee architect E. Townsend Mix in the Richardsonian Romanesque style. It later became home to the Scottish Rite (Wisconsin Consistory) in 1912, with significant additions and enhancements completed in the 1930s by architects Leenhouts & Guthrie. The limestone façade, dramatic massing, intricate Masonic carvings, life-sized statues of the Knights of St. Andrew, and a beautifully preserved tower parapet remain intact, creating a rare architectural framework ideally suited for an adaptive-reuse residential conversion. While the interior has undergone demolition and early-stage framing, the integrity of the exterior shell offers developers an exceptional opportunity to restore, reinterpret, and transform one of Milwaukee’s most distinctive historic buildings. The planned operation envisions 22 high-end multifamily residences with direct elevator access, internal circulation space, storage areas, and secure 24/7 basement parking. Surrounded by key demographics, premier employers, and sustained renter demand, and located within immediate proximity to the lakefront, Cathedral Square, the Downtown Business District, and the East Town neighborhood, the Scottish Rite Masonic Center presents a truly irreplaceable development canvas in the heart of a thriving urban core.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Humphry Scottish Rite Masonic Center

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1889

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C9F(A)

APN/PARCEL ID

393-0461-000-3

ASK ABOUT THIS PROPERTY

Ted StratmanColliersMore Info
312-371-2920

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Ted StratmanColliersMore Info
312-371-2920

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.