5235 Ironwood RdGlendale, WI 53217

Property Details for 5235 Ironwood Rd

Year built

1963

Lot size

3.62 AC

Property size (Sq ft)

32,040 SF

Property type

Office buildings

APN

196-8996-000

APU

1968996000

Description

This exceptional 32,000 square foot commercial building is situated on a 3.6-acre lot in Glendale, Wisconsin, offering a prime location just one mile from the I-43 exit. Recently remodeled, the property boasts extensive office space, perfectly suited for a single large tenant or easily divisible for multiple occupants. The interior features numerous private offices, providing ample space for individual work and team collaboration. A significant number of well-appointed conference rooms are also included, catering to various meeting needs and sizes. The building's modern design and recent renovations ensure a high-quality, efficient workspace. The convenient location offers excellent accessibility for employees and clients, with easy access to major transportation routes. The expansive 3.6-acre lot provides ample parking and potential for future expansion or development. This property presents a unique opportunity for businesses seeking a modern, well-equipped office space in a highly desirable location. The flexible layout allows for customization to suit a variety of business needs and sizes, making it an ideal investment for both established companies and growing enterprises. The asking price is $1,900,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $6,556,560

  6.5%

  $6,052,210

  7%

  $5,619,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,252,800

  Geo Method

  $4,173,210

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,296,000

  Retail / Commercial

  $6,230,830

  Mixed-Use / Specialty

  $6,149,900

  Hospitality / Lodging

  $4,435,540

  Institutional / Educational

  $6,372,430

  Residential Income

  $7,455,750

  Multifamily

  $9,267,510

  Automotive / Energy

  $5,462,090

  Parking / Income-Based Land

  $1,942,910

  Restaurant / Food Service

  $3,073,310

  Healthcare / Senior Housing

  $6,366,820

Location Insight

City

Glendale

County

Milwaukee

State

Wisconsin

Latitude

43.1124

Longitude

-87.9199

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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