180 Grange AveMilwaukee, WI 53207
- Office properties
- 32,884 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,937,596
- 6.5%
- $5,480,858
- 7%
- $5,089,368
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,338,488
- Geo Method
- $4,283,141
-
Alternative Use
- Use
- Valuation
- Residential
- $6,796,264
- Hospitality
- $6,225,342
- Educational
- $5,179,411
- Medical
- $5,357,539
- Retail
- $8,056,862
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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