Technical
Financial
Distress signals
Property profile

11000 W Lake Park Dr Milwaukee, WI 53224

FOR LEASE
Office buildings
Property ID
US92-1077487
238,191 SF 54.57 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional executive office building, located at 11000 W Lake Park Drive in Milwaukee, Wisconsin, presents a significant investment opportunity. Spanning 238,129 square feet on an expansive 81.705-acre lot (APN: 0770131000 & 0770132000), this property offers significant potential for future expansion and development. The building, constructed in 1996 and zoned PD Planned Development, boasts numerous recent upgrades, enhancing its functionality and appeal. These improvements include LED lighting (interior and exterior), new carpeting throughout, six new HVAC rooftop units, a new 600 kW generator, and updated boilers. The asking price is $14,500,000, translating to a price per square foot of $60.89. Strategically situated within the 300+ acre Park Place Office Park, this property enjoys convenient access to I-41/Highway 45 (approximately one mile away), and a wealth of nearby amenities, including hotels, restaurants, grocery stores, and other retail establishments. This high-end headquarters facility offers a unique blend of modern upgrades, ample space, and a prime location within a thriving business park, making it an attractive proposition for discerning investors. The property's size and zoning provide flexibility for future development, further enhancing its long-term value.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1996
Total area 238,191 SF
Lot 54.57 ac (2,376,939 SF)
Zoning code PD
APN 077-0131-000
UPID US92-1077487

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Laboratory
  • Financial Advisor

Location

11000 W Lake Park Dr Milwaukee, WI 53224
Milwaukee metro Census 202 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.26M
Blend (final) Blend
$11.91M

Owner & transaction history

since 2026
Last sale
$11.2M
2 recorded transactions
2026
$2.7M
2025
$11.2M

Zoning & alternative use

PD · Milwaukee, WI
Zoning description

295-907. Planned Development District (PD/DPD). 1. PURPOSES. The planned development district is intended to: a. Allow flexibility in land development. b. Promote creativity, variety and environmental sensitivity. c. Enc…

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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