Manufacturing Facility with Office
For Sale
Contact for pricing
4640 W Ironwood Dr, Franklin, WI 53132
Business park facility includes dedicated workspaces, meeting space, and a lunch room.
Property Size39,140 SF
Price / SF$110
Days on Market54
Property Features for 4640 W Ironwood Dr
General Information
Standard status
Active
Size
39,140 SF
Total Parking Spaces
73
Property subtype
Industrial
Zoning
PDL
Additional Details
Highway Access
Yes
Amenities
private offices
conference room
bull pen area
lunch room
elevator
Building Details
Year Built
1999
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
Jan Kadow · License #5027590
(262) 951-6497
Source:
Crexi
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 5 at 7:33PM
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 - Milwaukee, Wisconsin
Investment Insights
Based on property information with market context.
This 39,140 SF manufacturing facility combines production space with a substantial administrative layout. The building includes 9 private offices, a conference room, bull pen area, and lunch room, providing distinct areas for management, meetings, staff activities, and day-to-day operations. A Savaria lift/elevator is installed for one person and a wheelchair, with a rated load of 750 lb.
The property is located in Franklin Business Park at 4640 W Ironwood Dr, Franklin, WI 53132. Ryan Road provides access to I-94, connecting the facility with the regional transportation network.
The property is located in Franklin Business Park at 4640 W Ironwood Dr, Franklin, WI 53132. Ryan Road provides access to I-94, connecting the facility with the regional transportation network.
Key Highlights
- 39,140 SF manufacturing facility
- 9 private offices, conference room, bull pen area, and lunch room
- Savaria lift/elevator rated for 750 lb and designed for one person and a wheelchair
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,524
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,850,480
$2.9M
Cap Rate 7%
$2,036,057
$2.0M
Cap Rate 9%
$1,583,600
$1.6M
Market Conditions
NOI Build-Up for 39,140 SF
Gross rent
$214.1K $5.47/SF
− Vacancy
−$10.5K −$0.27/SF
EGI
$203.6K $5.20/SF
− OpEx
−$61.1K −$1.56/SF
NOI
$142.5K $3.64/SF
Area
Milwaukee County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,850,480
Cap Rate 7%
$2,036,057
Cap Rate 9%
$1,583,600
Alternative Uses
Best Use
Industrial
$2.04M
$1.78M – $2.38M
NOI $142,524 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.28M
$8.12M – $10.83M
NOI $649,706 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 53132, WI
36,166
Population
14,073
Households
2.6
Avg Household Size
44
Median Age
46%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
1,042
Density / Sq Mi
$110,656
Median Household Income
$64,194
Median Earnings
$1,380
Median Rent
$345,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Business park facility includes dedicated workspaces, meeting space, and a lunch room.
Where is this manufacturing property located?
The property is located at 4640 W Ironwood Dr Franklin, WI.
What is the asking price?
The asking price for this property is $4,305,400.
What are key features of this property?
This property features: 39,140 SF manufacturing facility; 9 private offices, conference room, bull pen area, and lunch room; Savaria lift/elevator rated for 750 lb and designed for one person and a wheelchair
