Milwaukee-area office park for sale; make the jump to commercial

[Jeff Glinski]

4 building office park for sale in prestigious North Shore area of greater Milwaukee.  Over 28,000 sq ft of leasable office space on 1.8 acres.  Asking price is $1,250,000.

Property is perfectly suited for one of two uses.  One possibility is redevelopment of the property to retail or medical/professional offices.  The second is that the property currently is a class B- office park that with some investment into updates can really be appealing to professionals compared to other area options.  Unique circumstances have led to a high vacancy rate that I would be happy to discuss.

This would be an excellent opportunity for someone looking to make the jump from residential to commercial office as the property is current cash flow neutral with the significant vacant space that can be immediately leased to create cash flow.

Assessed value by the taxing locality is over $1.6 million.