Commercial Buildings for Sale
Proposals to be submitted by due date & time listed on individual listing sheets.
Proposals may be submitted any time and will be considered on a first-come, first-served basis.
Licensed real estate brokers must be used to show our commercial properties.
City will pay a broker commission of 7% of the purchase price or $3,000, whichever is greater, at closing. No commission is paid to a broker/buyer.
Buyers cannot violate City Buyer Policies (see below) at offer submission or closing. Sales subject to Common Council approval.
Purchase and Sale Agreement will be tailored to the project.
All project elements must be in place before closing -- approved final plans and firm financing. Required BOZA approvals will be obtained before Common Council action.
Conveyance will be on an "as is, where is" basis and subject to a deed restriction prohibiting application for property tax exemption (unless specified in the listing).
Certificates of Occupancy will generally be used to demonstrate performance and require building permits for most work items.
Buyers are encouraged to make best efforts to use City-certified Small Business Enterprises for 25% of hard construction costs and 15% of professional services.
Buyer Instructions (Click to view)
Broker Instructions rev. 10/14/2013 (Click to view)
City Buyer Policies
Proposal Summary & Public Disclosure Statement
Purchase and Sale Agreement (Sample - final agreement tailored to project)
Occupancy Certificate Information
Commercial Association of REALTORS Wisconsin
Greater Milwaukee Association of Realtors
Office of Small Business Development