5055 Lydell AveGlendale, WI 53217

Property Details for 5055 Lydell Ave

Year built

1956

Lot size

14.44 AC

Property size (Sq ft)

261,500 SF

Property type

Office properties

Property subtype

Office buildings

APN

203-8995-004

APU

2038995004

Description

This exceptional 233,328 square foot property, located at 5055 N Lydell Ave in Glendale, Wisconsin, presents a unique investment opportunity. Built in 1956 and renovated in 2002, this two-story building sits on a generous 15.56-acre lot and is zoned B-1: Local Business District, Sub Area A. The property boasts a versatile design, currently configured as executive office space with the potential for conversion to warehouse use, making it ideal for a variety of businesses. Its location in the highly desirable Northshore area offers excellent last-mile facility potential, with easy access to I-43 and major east/west arteries. The interior features loft-like office space with high ceilings, a commercial-grade kitchen, a dedicated data room, and a backup generator for reliable power. Security features include electronic passcard access, motion detectors, and security cameras. The property also benefits from its adjacency to the Oak Leaf Trail, providing employees and visitors with convenient access to recreational opportunities. One dock-high door is available for loading and unloading. This property offers a rare combination of size, location, and adaptability, making it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $47,216,928

  6.5%

  $43,584,856

  7%

  $40,471,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,548,312

  Geo Method

  $34,060,376

• Alternative Use

  Use

  Valuation

  Residential

  $54,045,224

  Hospitality

  $49,505,136

  Educational

  $41,187,692

  Medical

  $42,604,200

  Retail

  $64,069,740

Location Insight

City

Glendale

County

Milwaukee

State

Wisconsin

Latitude

43.1085

Longitude

-87.9136

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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