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$499,000 -$75,900 (-13.2%) Price Reduced
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Property Description
Rare opportunity to own a historic commercial building with exceptional redevelopment potential. Built in 1922, this three-story brick property offers 19,269 square feet of space with soaring ceilings of 16+ feet on every floor. Formerly home to a furniture store, the building's open layouts and dramatic ceiling heights provide endless possibilities--whether reimagined as modern loft-style apartments, creative office space, or a signature mixed-use project.Excellent accessibility and visibility. Historic character, combined with the flexibility of the interior, makes it an ideal candidate for adaptive reuse.The property is available for sale or for lease. 2 overhead doors on rear are 6'x6' each.
Full Property Details
Full Property Details for 1423 N 12th St
General
- Price: $499,000
- Taxes: $7,299 (2024)
- Status: Active
- Type: Retail
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1934004
- Updated: 7/2/2026
- Added to Site: 304 day(s) ago
Additional Information
- Other Features: 220-Volt Power, Display Window, Freight Elevator, Inside Storage, Loading Dock
Location
- Municipality: City
- County: Milwaukee
- Driving Directions: use google or apple maps
- Dist. to Freeway: Less than 1 Mile
- Location Details: Business District, Near Public Transit
Heating & Cooling
- Heating/Cooling: Heat Pump, Hot Water/Steam, Natural Gas
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Structure Type: Other, Retail, Warehouse
- Exterior Const.: Brick
- Basement Desc.: Full
- Roof: Rubber, Tar/Gravel
- Ceiling Height: 16 to 20 Feet
- Drive-In Clearance: 6 to 8 Feet
- Stories Description: 3
- Square Feet: 19,269
- Year Built: 1922
Lot Features
- Lot Size (Acres): 0.17
- Frontage: Frontage Road to Highway, Near Public Transit, Town/City Road
- Zoning: LB2
Financial Considerations
- For Sale/Rent/Lease: For Sale or Lease
- Tax Amount: $7,299.54
- Tax Year: 2024
Listed by Keller Williams Realty-Milwaukee Southwest
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Schools
Schools serving 1423 N 12th St
School District:Milwaukee School District
| Name | Grades | Distance |
|---|---|---|
Elm Creative Arts Elementary School 900 West Walnut Street, Milwaukee, WI 53205 | PK-5 | 0.3 mi |
Wisconsin Conservatory of Lifelong Learning 1017 North 12th Street, Milwaukee, WI 53233 | PK-12 | 0.4 mi |
Golda Meir School 1615 North Doctor Martin Luther King Junior Drive, Milwaukee, WI 53212 | 3-8 | 0.7 mi |
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205 | 6-8 | 0.4 mi |
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202 | 6-8 | 1.3 mi |
Audubon Technology & Communication Middle School 3300 South 39th Street, Milwaukee, WI 53215 | 6-8 | 4.8 mi |
Milwaukee High School of the Arts 2300 West Highland Avenue, Milwaukee, WI 53233 | 9-12 | 0.8 mi |
North Division High School 1011 West Center Street, Milwaukee, WI 53206 | 9-12 | 1.2 mi |
Bradley Technology & Trade High School 700 South 4th Street, Milwaukee, WI 53204 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1423 N 12th St
Date
Details
Price
Change
Source
7/02/2026
Price Reduced
$499,000
-13.2%
MLS
9/05/2025
Listed
$574,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1423 N 12th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,460
—
$334,500
4%
2024
$7,460
12%
$322,200
15%
2023
$6,684
1%
$279,000
—
2022
$6,643
-14%
$279,000
1%
2021
$7,740
22%
$275,200
13%
2019
$6,327
1%
$243,000
—
2018
$6,287
-5%
$243,000
—
2017
$6,627
-9%
$243,000
—
2016
$7,280
-40%
$243,000
-40%
2014
$12,125
47%
$405,000
56%
2013
$8,252
5%
$260,000
17%
2012
$7,823
—
$222,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1423 N 12th St
1423 N 12th St, Milwaukee, WI 53205 (MLS# 1934004) is a Retail property. 1423 N 12th St is currently listed for $499,000 and was received on September 05, 2025. Want to learn more about 1423 N 12th St? Do you have questions about finding other Retail real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

