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Property profile & analytics
OFF-MARKET Estimated value $3,360,000
Office buildings

11400 Lk Park Dr Milwaukee, WI 53224-3022

36,545 SF 4.63 ac lot Built 1987
Individually Owned 11-yr Hold Free & Clear
Property ID
US92-0109491
Property summary
AI-generated overview

This exceptional single-story office building, located at 11400 W Lake Park Drive in Milwaukee, Wisconsin, 53224, offers a total of 34,565 square feet of vacant space. The property sits on a generous 4.63 acres of land and is ideally suited for a single tenant seeking the entire building or multiple tenants requiring spaces ranging from 12,437 to 34,565 contiguous square feet. The building boasts an abundance of glass, providing ample natural light. Its prime location along Highway 45 ensures easy access to both the west and northern suburbs of Milwaukee. The surrounding area offers a wealth of high-quality retail and hospitality amenities, enhancing the convenience and appeal of this location. Furthermore, the property benefits from first-class property management and on-site maintenance, ensuring a seamless and efficient operational experience. Two convenient drive-in doors add to the building's functionality and accessibility. This is a truly remarkable opportunity to secure a prestigious office space in a thriving Milwaukee location. The property is currently entirely vacant and ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 36,545 SF
Lot 4.63 ac (201,726 SF)
Zoning code PD
APN 077-0071-000
UPID US92-0109491
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Horizon Home Care & Hospice Home Health Care Service Care Services
  • Julie Christenson Physician
  • Jillian Rouleau Pediatrician Physician
  • Gina Welch Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.38M
Blend (final) Blend
$3.36M
Owner & transaction history
Michael Plainse · 11 yrs held
Michael Plainse
since 2014
3 recorded transactions
2014
$3.5M
2012
Price N/A
2012
$45.0M
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $4.7M +63.2%
Restaurant $4.6M +60.5%
Auto repair, garage $4.4M +50.6%
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