49 Sherwood Ter, Lake Bluff, IL 60044-2231
This impressive Milwaukee County office building, the Renaissance Faire, offers a unique opportunity for businesses seeking flexible and expansive space. Built in 1940 and extensively renovated in 2012, this two-story building boasts a total of 400,000 square feet, with multiple suites available. The minimum divisible space is 10,000 square feet, ideal for smaller businesses, while larger tenants can occupy up to 150,000 contiguous square feet. The property features a total of five suites, providing a variety of options to suit different needs. Ample parking is a key advantage, with 1581 spaces available, combining surface lot and structured parking. The building's prime location offers convenient access to major transportation routes, including easy access to the interstate via the Hawley Avenue interchange. High visibility is ensured with monument signage along 60th Street, a road with over 19,000 vehicles per day. Employees will appreciate the convenient access to the Hank Aaron State Trail directly from the parking lot, offering a nearby recreational amenity. This move-in ready space presents a compelling opportunity for businesses seeking a well-maintained, conveniently located, and highly visible office environment in Milwaukee County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.