National Ace Hardware, a landmark in downtown Milwaukee has been sold

MILWAUKEE -- After 65 years, a landmark in downtown Milwaukee has been sold.

The three-story National Ace Hardware building on 4th and McKinley Avenue has been sold for $2.5 million to two Milwaukee developers.

The area on the northern border of the Park East corridor is envisioned to be Milwaukee's next development hot spot.

The Milwaukee Bucks owners are trying to purchase the vacant Park East land to the south for development around a new arena.

A clearance sale is now underway at National Ace Hardware.

CLICK HERE for more on this story via the Milwaukee Business Journal.