For Sale
$629,900

10555 Parnell AveHales Corners, WI 53130

Five-unit office, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional two-story, 6,435 square foot office building in Hales Corners, Wisconsin, presents a compelling investment opportunity. Located at 10555 W Parnell Ave, 53130, this property boasts five individual suites, many featuring private bathrooms, and shared men's and women's restrooms on the lower level. The building sits on a 0.48-acre lot and includes 28 parking spaces, ensuring ample convenience for tenants and visitors. Recently renovated, the building features a new elevator installed during the upper-level South space renovation. The lower level has also undergone recent renovations. The property benefits from long-term tenants, a well-maintained roof, and excellent mechanical systems. Built in 1970, the building is zoned B-4 and offers a strong net operating income (NOI) of $45,048, with an asking price of $629,900 ($10 per square foot). This prime location on the edge of a thriving shopping district in a high-income community makes this a secure and profitable investment. Detailed financials are available upon request.

Highlights

  • $629,900 asking price for this Hales Corners office building.
  • 6,435 square feet of office space in a traditional office building.
  • $10 per square foot price.
  • $45,048 annual Net Operating Income (NOI).
  • Five (5) units, currently 100% occupied.
  • Built in 1970, two-story building on a 0.48-acre lot.

Property Details for 10555 Parnell Ave

Property type
Office properties
Square Feet
6,435 SF
Year Built
1970
Stories
2
Lot Size (sq. ft)
20,909 SF
Units
5

Location Insight

City
Hales Corners
County
Milwaukee
State
Wisconsin
Latitude
42.9408335
Longitude
-88.0455611
10555 Parnell Ave, Hales Corners, Wisconsin

FAQs

What type of property is this?
Office property - Five-unit office, high occupancy, strong NOI.
Where is the office property located?
The property is located at 10555 Parnell Ave Hales Corners, WI.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: $629,900 asking price for this Hales Corners office building.; 6,435 square feet of office space in a traditional office building.; $10 per square foot price.
How can I contact the broker?
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10555 Parnell Ave
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