Property summary
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
VerifiedCap rate & NOI
Current use
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Medical Laboratory
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Financial Advisor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
PD · Milwaukee, WI295-907. 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
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