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Medical Office Space in Shared Building
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N87W17301 Main St, Milwaukee, WI 53051

DaVita occupies 6,065 SF in a 12,437 SF medical retail building shared with a dance studio tenant.

Property Size12,437 SF
Days on Market119

Property Features for N87W17301 Main St

General Information

Standard status Active
Size 12,437 SF
Property subtype Mixed Use, Office, Retail

Additional Details

Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: Colliers - San Diego - Carlsbad, California
Listed By: Jay Patel · License #01512624
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 5:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - San Diego - Carlsbad, California

Investment Insights

Based on property information with market context.

The Menomonee Falls DaVita Kidney Care suite is located within a 12,437-square-foot medical retail building that is shared with Fred Astaire Franchise Dance Studio. DaVita occupies 6,065 SF (50.67% of the building), while Fred Astaire occupies 5,904 SF (49.33%). The DaVita lease includes scheduled annual rent increases of 3% and two, five-year renewal options. Fred Astaire is on a flat lease with one five-year option to renew.

The property is easily accessible, located to the west of Freeway 175 and Interstate 41 along a major thoroughfare and retail corridor. It is 1.5 miles north of Froedtert Menomonee Falls Hospital, and adjacent to the Froedtert Town Hall Health Center and Medical College of Wisconsin. Crossroads Shopping Center is also 1.5 miles north, and major retailers such as Home Depot, Wal-Mart, Costco, TJ Maxx, Target, and Kohl’s are within a 2-mile radius.

This offering reflects an ownership interest in a multi-tenant medical retail building with two established occupants and defined lease terms.

Key Highlights

  • DaVita occupies 6,065 SF in a 12,437 SF medical retail building shared with Fred Astaire Franchise Dance Studio
  • DaVita space is 50.67% of the building; Fred Astaire space is 49.33%
  • DaVita lease includes scheduled 3% annual rent increases plus two 5‑year renewal options

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby
Well-served
Demand for This Use

Demographics for 53051, WI

38,562
Population
16,972
Households
2.3
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
1,158
Density / Sq Mi
$98,423
Median Household Income
$60,331
Median Earnings
$1,257
Median Rent
$341,700
Median Home Value

Market

Vacancy Rate% for Office in Milwaukee, WI

16.5% 2019
19.8% 2020
20.4% 2021
21.7% 2022
22.9% 2023
24.7% 2024
24.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - DaVita occupies 6,065 SF in a 12,437 SF medical retail building shared with a dance studio tenant.
Where is this medical office space located?
The property is located at N87W17301 Main St Milwaukee, WI.
What are key features of this property?
This property features: DaVita occupies 6,065 SF in a 12,437 SF medical retail building shared with Fred Astaire Franchise Dance Studio; DaVita space is 50.67% of the building; Fred Astaire space is 49.33%; DaVita lease includes scheduled 3% annual rent increases plus two 5‑year renewal options
More about this property
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