2500 Layton Ave Milwaukee, WI 53221
- Medical offices
- 44,265 SF
- 2.54 lot acres
Current Use by Public Records
- Wisconsin Diagnostic Laboratories - Layton / Medical Laboratory
- Heart Institute of Wisconsin / Heart Hospital / Cardiologist
- Pro Spine & Pain / Pain Management Physician
- Lynann M. Brusewitz, PT / Physical Therapist / Physical Therapy Clinic
- Premier Cardiovascular Institute / Doctor
Property Details for 2500 Layton Ave
- Year built
- 1987
- Lot size
- 2.54 lot acres
- Property size
- 44,265 SF
- Zone code
- RO1
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 598-9979-120
- APU
- 5989979120
Description
This exceptional 16,577 square foot office building, completely renovated in 2023, offers multiple suites for lease in Milwaukee County. Located on W Layton Ave, a high-visibility corridor with approximately 23,800 cars passing daily, this property boasts unparalleled convenience, situated within a half-mile of I-43 and I-94 interchanges. The building currently houses a diverse range of medical tenants, including Hayat Prescriptions, PPW Health, Options Lab, Independent Physicians, WI Imaging Center of Excellence, Rheumatic Disease Center, Third Coast Vascular, Institute for Human Reproduction, and Presence Primary Care. Three spaces are immediately available, ranging from 1,514 to 3,873 contiguous square feet, with a total of 8,602 square feet currently vacant. The minimum divisible space is 1,514 square feet, providing flexibility for various business needs. Tenant Improvement Allowances (TIA) are available. This prime location offers excellent visibility and accessibility, making it an ideal space for medical practices or executive offices seeking a modern and well-established environment. The building's recent renovation ensures state-of-the-art facilities and amenities. The property's proximity to two of Wisconsin's largest hospital systems further enhances its appeal and potential for success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,840,000
- 6.5%
- $3,150,000
- 7%
- $3,070,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,960,000
- Geo Method
- $2,675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,505,000
- Retail
- $2,490,000
- Mixed-Use
- $2,715,000
- Hospitality
- $2,865,000
- Educational
- $2,700,000
- Residential Income
- $2,750,000
- Energy
- $3,220,000
- Income-Based Land
- $2,370,000
- Food Service
- $2,430,000
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.946
- Latitude
- 42.9601
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
