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Property profile & analytics
FOR LEASE
Medical Office Space

2500 W Layton Ave Milwaukee, WI 53221

44,265 SF 2.54 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US92-0655845
Property summary
AI-generated overview

This exceptional 16,577 square foot office building, completely renovated in 2023, offers multiple suites for lease in Milwaukee County. Located on W Layton Ave, a high-visibility corridor with approximately 23,800 cars passing daily, this property boasts unparalleled convenience, situated within a half-mile of I-43 and I-94 interchanges. The building currently houses a diverse range of medical tenants, including Hayat Prescriptions, PPW Health, Options Lab, Independent Physicians, WI Imaging Center of Excellence, Rheumatic Disease Center, Third Coast Vascular, Institute for Human Reproduction, and Presence Primary Care. Three spaces are immediately available, ranging from 1,514 to 3,873 contiguous square feet, with a total of 8,602 square feet currently vacant. The minimum divisible space is 1,514 square feet, providing flexibility for various business needs. Tenant Improvement Allowances (TIA) are available. This prime location offers excellent visibility and accessibility, making it an ideal space for medical practices or executive offices seeking a modern and well-established environment. The building's recent renovation ensures state-of-the-art facilities and amenities. The property's proximity to two of Wisconsin's largest hospital systems further enhances its appeal and potential for success.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Total area 44,265 SF
Lot 2.54 ac (110,468 SF)
Zoning code RO1
APN 598-9979-120
UPID US92-0655845
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
  • Wisconsin Diagnostic Laboratories - Layton Medical Laboratory
  • Heart Institute of Wisconsin Hospital
  • Pro Spine & Pain Physician
  • Lynann M. Brusewitz, PT Physician
  • Premier Cardiovascular Institute Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.37M
Blend (final) Blend
$3.14M
Owner & transaction history
Woodside Special Opp Pe Fund III LP · 3 yrs held
Woodside Special Opp Pe Fund III LP
since 2022
Last sale
$2.9M
4 recorded transactions
2022
$2.9M
1998
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RO1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $4.8M +4.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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