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    500 Elm Grove Rd Elm Grove, WI 53122

    For Lease
    $18 SF/Yr

    Prime Elm Grove office space, 1,289-17,742 sq ft.

    Lot size:
    56,816 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Tradesman Building, a three-story, 56,816 square foot office building located at 500 Elm Grove Road, Elm Grove, WI 53122, offers a unique blend of classic charm and modern convenience. Built in 1988, this single building on 2.25 acres features six suites, ranging from a minimum of 1,289 square feet to a maximum contiguous space of 17,742 square feet. The building boasts a striking three-story atrium, complemented by original woodwork, operable windows, and rustic brass hardware. Tenants benefit from a spacious boardroom with a full kitchen, providing a versatile space for meetings and events. The property's location near Bluemound Road offers easy access to retail, residential areas, and hospitality options. Convenient covered parking is also available. This multiple-tenancy building is ideal for businesses seeking a distinctive and well-located office space in Waukesha County. The property's traditional, medical, and executive office subtypes cater to a variety of professional needs.

    Property Features for 500 Elm Grove Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,816 SF
    Total Rate
    85224

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 325
    Size
    3,255 SF
    Rate per SF
    $20
    Space
    Suite 104
    Size
    7,512 SF
    Rate per SF
    $20
    Space
    Suite 300
    Size
    8,623 SF
    Rate per SF
    $20
    Space
    Boardroom
    Size
    1,289 SF
    Rate per SF
    $20
    Space
    Suite 310
    Size
    4,576 SF
    Rate per SF
    $20

    HighLights

    • 24/7 access with keycard and intercom security.
    • On‑site storage units available.
    • Monument signage opportunity.
    • Excellent access to nearby restaurants and shops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maribeth Sadie, PHD Psychologist Northwestern Mutual Financial Planner Northwestern Mutual - Ronald ... Insurance Agency The Leist Group, LLC Tax Preparation Stafda Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elm Grove
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.076512796775
    Latitude
    43.036017444616

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    FAQs

    What type of property is this?
    Medical office - Prime Elm Grove office space, 1,289-17,742 sq ft.
    Where is this medical office located?
    The property is located at 500 Elm Grove Rd Elm Grove, WI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 24/7 access with keycard and intercom security.; On-site storage units available.; Monument signage opportunity.
    Request Owner's contact information
    500 Elm Grove Rd Elm Grove, WI 53122
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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
    500 Elm Grove Rd Elm Grove, WI 53122
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