180 Grange AveMilwaukee, WI 53207

Property Details for 180 Grange Ave

Year built

1985

Lot size

2.84 AC

Property size (Sq ft)

32,884 SF

Zone code

LB1

Property type

Office buildings

APN

641-9990-111

APU

6419990111

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,729,280

  6.5%

  $6,211,640

  7%

  $5,767,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,338,490

  Geo Method

  $4,283,140

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,619,900

  Retail / Commercial

  $6,394,960

  Mixed-Use / Specialty

  $6,311,900

  Hospitality / Lodging

  $4,552,390

  Institutional / Educational

  $6,540,300

  Residential Income

  $7,652,150

  Multifamily

  $9,511,640

  Automotive / Energy

  $5,605,970

  Parking / Income-Based Land

  $1,994,090

  Restaurant / Food Service

  $3,154,260

  Healthcare / Senior Housing

  $6,534,530

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9477

Longitude

-87.913

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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