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    Property profile & analytics

    2350 Lake Dr Milwaukee, WI 53211

    • Medical offices
    • 162,000 SF
    • 0.83 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US92-0479538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Robert Stemberger DDS / Orthodontist / Teeth Whitening Service
    • Madison Medical Urology - Water Tower Medical Commons / Medical Clinic / Urologist
    • Plastic Surgery Clinic / Medical Clinic
    • Carissa Aboubakare, APNP / Nurse Practitioner / Women'S Health Clinic
    • Ascension Wisconsin Premier Radiology / Medical Diagnostic Imaging Center

    Property Details for 2350 Lake Dr

    Year built
    2007
    Lot size
    0.83 lot acres
    Property size
    162,000 SF
    Zone code
    PD
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    318-0611-120
    APU
    3180611120

    Description

    Water Tower Medical Commons offers exceptional medical office space in Milwaukee, Wisconsin. This five-story, 158,820 square foot building, constructed in 2007, is located at 2350 N Lake Dr, Milwaukee, WI 53211, in Milwaukee County. The property features multiple tenancies, with a minimum divisible space of 3,551 square feet and a maximum contiguous space of 11,870 square feet. Currently, there are five available spaces. The building's location provides convenient access for patients and staff. The building is situated near Columbia St. Mary's hospital, and existing tenants represent a variety of medical specialties including Dermatology, Allergy & Immunology, Gastroenterology, Urology, Obstetrics, and Gynecology. Move-in ready spaces are available, and potential tenants may be eligible for tenant improvement allowances to customize their space. This is a fantastic opportunity for medical professionals seeking a modern, well-located, and established medical office building in a thriving Milwaukee neighborhood. The building offers a professional and efficient environment for medical practices of all sizes.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8787
    Latitude
    43.0608
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,032,542
    $1,263,600
    $42,102,300
    $43,365,900
    -
    $0.00
    $0.00
    $52,103,700

    Comparable in this City

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      2311 Prospect Ave, Unit 2

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      3723 Oakland Ave

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      4601 Oakland Ave

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      1901 Capitol Dr

      MEDICAL BUILDING • 13,912 SF
      1901 Capitol Dr, Shorewood, WI 53211-2335
      View Details
    • Value Estimation
      $275,000
      1,340 SF

      3840 Oakland Ave, Unit 176

      MEDICAL BUILDING • 1,340 SF
      3840 Oakland Ave, Shorewood, WI 53211-2239
      View Details

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    Milwaukee, WI 53211
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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
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