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    11700 Lake Park Dr Milwaukee, WI 53224

    For Sale
    Contact for pricing

    32,334 SF Office, NNN Lease, Owner-User Opportunity

    Property size:
    32,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 32,334-square-foot executive office building, located at 11700 W. Lake Park Drive in Milwaukee, Wisconsin, presents a compelling investment opportunity for owner-users. The single-story Class B building, constructed in 1986 and extensively renovated in 2020, sits on a generous 3.03-acre lot. The property boasts ample parking, providing 4.46 spaces per 1,000 square feet. The interior features new carpet, paint, and furniture, making it immediately ready for occupancy with only 30-60 days' notice. The flexible layout is easily divisible to accommodate various business needs, offering a significant value-add potential for the discerning buyer. The property is offered for sale and lease with competitive lease rates, and the seller is highly motivated. The building's APN is 076-0032-000-3. This is a rare opportunity to acquire a well-maintained, spacious office building in a desirable Milwaukee location. The property is zoned for office use and is conveniently located in Milwaukee County, Wisconsin, with the zip code 53224.

    Property Features for 11700 Lake Park Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    32,334 SF
    Class
    B
    Lot Size
    131,987 SF

    Building Details

    Year Built/Renovated
    1986/2020
    Stories
    1

    HighLights

    • Owner‑user opportunity.
    • Highly divisible space.
    • Quick occupancy: 30‑60 day notice.
    • Recently renovated with new carpet, paint, and furniture.
    • Significant value‑add potential.
    • Attractive lease rates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United Neighborhood Center-Amrc Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0553593
    Latitude
    43.1596667

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    FAQs

    What type of property is this?
    Office Property / Space - 32,334 SF Office, NNN Lease, Owner-User Opportunity
    Where is this office property / space located?
    The property is located at 11700 Lake Park Dr Milwaukee, WI.
    What are key features of this property?
    This property features: Owner-user opportunity.; Highly divisible space.; Quick occupancy: 30-60 day notice.
    (414) 944-2104
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    11700 Lake Park Dr Milwaukee, WI 53224
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    Milwaukee, WI 53224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11700 Lake Park Dr Milwaukee, WI 53224
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