Technical
Financial
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Property profile

11301 Lk Park Dr Milwaukee, WI 53224

OFF-MARKET
Office buildings
Property ID
US92-0105997
40,020 SF 6.65 ac lot Built 1987
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 40,020-square-foot medical office building presents a compelling investment opportunity in Milwaukee, Wisconsin. Located at 11301 W Lake Park Dr, 53224, this single-story building, constructed in 1987, sits on a substantial 6.65-acre lot, offering significant potential for future expansion. The property is zoned PD and features a spacious, naturally lit open floor plan, ideal for a variety of medical or flex uses. The building boasts eight private offices, three conference rooms, and a convenient breakroom. Logistics are streamlined with one loading dock and one drive-in door. Ample parking is provided with approximately 232 spaces. The asking price is $1,750,000, translating to $43.73 per square foot. This property is currently vacant, presenting a blank canvas for a discerning buyer to customize and develop. Its prime location just east of highways 41/145 provides excellent accessibility and visibility. The property's size and features make it an attractive option for a variety of medical or flexible office uses. The large lot size and ample parking further enhance its appeal. The Milwaukee County location and convenient highway access add to the overall desirability of this investment opportunity. The APN is 077-0082-000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 40,020 SF
Lot 6.65 ac (289,761 SF)
Zoning code PD
APN 077-0082-000
UPID US92-0105997

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
  • Business To Business Service
  • Association / Organization
  • High School
  • Counselor

Location

11301 Lk Park Dr Milwaukee, WI 53224-3125
Milwaukee metro Census 202 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$935k

Owner & transaction history

since 2021
5 recorded transactions
2022
Price N/A
2021
$1.5M
2019
$1.2M
2012
Price N/A
2012
$45.0M

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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