Bought with Realty Executives - Elite
$910,000
$999,900
9.0%For more information regarding the value of a property, please contact us for a free consultation.
17,961 SqFt
SOLD DATE : 09/14/2022
Key Details
Sold Price $910,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 17,961 sqft
Price per Sqft $50
MLS Listing ID 1781974
Sold Date 09/14/22
Year Built 2008
Annual Tax Amount $16,735
Tax Year 2020
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions Busy Corner
Property Description
The Shafi Medical Plaza was NEW in 2008. It is the pinnacle of high traffic. Long term Main floor tenant anchors this proud building. Income over 10% cap with the first 2 floors leased out to strong, long term tenants. The main floor has a pharmacy. The 2nd floor was designed for a medical clinic with 15 exam rooms, 6 offices, 5 bathrooms and a large open reception area. Elevator access. The basement has more divided, office space, private offices, a bathroom and is vacant but could increase the cap rate to 15% +/-. 3 MAJOR bus lines provide steady foot traffic and high traffic counts in all directions. Minutes from I-43. You cannot build a place like this, for this price. The property also includes the parking lot at 1925 W Monroe that is 3 lots down and supports 25cars +/-
Location
State WI
County Milwaukee
Zoning COM
Rooms
Basement Full, Poured Concrete
Interior
Heating Central Air, Forced Air, Natural Gas
Cooling Central Air, Forced Air, Natural Gas
Flooring No
Exterior
Exterior Feature Brick
Garage Spaces 36.0
Roof Type Rubber
Building
Water Municipal Sewer, Municipal Water
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W240N3485 Pewaukee Rd, Pewaukee, WI, 53072, United States