Property summary
This exceptional 32,884 square foot medical office building, situated on a 2.845-acre lot in Milwaukee, Wisconsin, presents a compelling investment opportunity. Built in 1983 and renovated in 2004, the single-story structure boasts a highly functional layout. The first floor features a welcoming lobby, reception area with skylight, 18 offices, four conference rooms, two large open team areas, two coffee stations, a break room, three restrooms, a copy/mail room, janitorial closet, tele-data room, and a recently serviced elevator. The fully built-out lower level includes a lobby, 16 offices, three conference rooms, two large classrooms, 12 storage rooms, four electrical rooms, a data room, elevator equipment room, five restrooms, and a break room. The property includes two large paved parking lots with secure fencing, accommodating 202 vehicles. A potential loading area could be added to the west side. The building benefits from convenient access to I-41/I-94 via Airport Spur, offering excellent visibility. The LB-1 zoning allows for diverse uses, and the property is easily divisible for multi-tenant occupancy. On-site amenities include a backup generator and ample signage opportunities. The asking price is $1,200,000. APN: 641-9990-111.
Property profile
VerifiedCap rate & NOI
Current use
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Home Health Care Service
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Physician
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Physician
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Physician
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities ar…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LB1 · Milwaukee, WI2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities ar…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities ar…
What can be built and operated here — officially.
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