2436 50Th StMilwaukee, WI 53210

This exceptional mixed-use investment property, located at 2436 N 50th St, Milwaukee, WI 53210, presents a unique opportunity. The 25,839 square foot building, constructed in 1929 and renovated in 1949, currently operates as a fully leased, 85-bed Community Based Residential Facility (CBRF). The property sits on a 0.72-acre lot and is zoned Residential - Two Family. The tenant, Gro Family Services, provides outpatient, residential, and correctional mental health, substance abuse, and reintegration treatment services. They have a long-term lease in place, extending through October 2027, ensuring a stable income stream. The asking price is $1,550,340, translating to $60 per square foot. This stabilized investment boasts high barriers to entry and significant replacement costs, further enhancing its value. Numerous recent capital improvements have been made, contributing to the property's excellent condition and operational efficiency. This is a rare opportunity to acquire a high-performing, triple-net leased asset in a desirable Milwaukee location. The property's history as a healthcare facility and its current use as a CBRF provide a strong foundation for continued success. This investment offers significant potential for long-term growth and passive income.