180 Grange AveMilwaukee, WI 53207

  • Office properties
  • 32,884 SF
For Sale
$1,200,000 View listing

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
180 Grange Ave, Milwaukee, Wisconsin

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$51,756
$867,500
$1,306,200
$2,173,700
-
$867,500
$1,306,200
$2,173,700

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