Lender Owned Former Aurora Health Airport Ctr | 180 W Grange Ave
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Lender Owned Former Aurora Health Airport Ctr 180 W Grange Ave
32,884 SF Office Building Milwaukee, WI 53207 $1,200,000 ($36/SF)
Investment Highlights
- Situated at the Grange on-ramp to the airport spur with easy access throughout the metro area
- Move-in ready finishes
- Property has two driveways–one on West Grange Avenue and one on South 3rd Street.
Executive Summary
Minimum Bid/Published Reserve Price: $1,200,00.00
Buyer’s Premium Due from Buyer at Closing: 6% of Bid Price
Buyer Broker Co-Op Fee: 2% of Bid Price (except none offered for certain excluded parties)
Previously Valued to: $6,500,000.00
Acres: Approx. 2.845
Zoning: LB-1, Local Business 1
Tax ID: 641-9990-111
Taxes (2023): $51,755.80
Building Type: Office
Construction: Masonry
Building Height: 1 Story
Building Size: Approx. 32,884 SF
Typical Floor Size: Approx. 16,325 SF
Year Built/Renovated: 1983/2004
Clear Ceiling Height: 10'
Parking: 202 Surface Parking Spaces
This lender owned, former Aurora Medical Airport Health Center medical office building fully renovated in 2004 and previously valued to $6,500,000, features:
* Move-in ready finishes
* 1st floor layout: Lobby, reception area with skylight, 18 offices, 4 conference rooms, 2 large open/teaming areas, 2 coffee stations, a break room, 2 storage rooms, 3 restrooms, copy/mail room, janitorial closet, tele data room, and a recently serviced elevator;
* Fully built-out lower level: Lobby, 16 offices, 3 conference rooms, 2 large classrooms, 12 storage rooms, 4 electrical rooms, data room, elevator equipment room, 5 restrooms, and a break room;
* Backup generator onsite located on the west side of the building;
* Two large paved parking lots with secure fencing;
* Potential for a loading area to be added on the west side of the building;
* Convenient access to I-41/I-94 via Airport Spur;
* Great visibility from Airport Spur;
* Flexible zoning allowing for a multitude of uses;
* Easily divided for multi-tenant use; and
* Monument and building signage available
Situated at the Grange on-ramp to the airport spur with easy access throughout the metro area, this property has two driveways–one on West Grange Avenue and one on South 3rd Street.
Buyer’s Premium Due from Buyer at Closing: 6% of Bid Price
Buyer Broker Co-Op Fee: 2% of Bid Price (except none offered for certain excluded parties)
Previously Valued to: $6,500,000.00
Acres: Approx. 2.845
Zoning: LB-1, Local Business 1
Tax ID: 641-9990-111
Taxes (2023): $51,755.80
Building Type: Office
Construction: Masonry
Building Height: 1 Story
Building Size: Approx. 32,884 SF
Typical Floor Size: Approx. 16,325 SF
Year Built/Renovated: 1983/2004
Clear Ceiling Height: 10'
Parking: 202 Surface Parking Spaces
This lender owned, former Aurora Medical Airport Health Center medical office building fully renovated in 2004 and previously valued to $6,500,000, features:
* Move-in ready finishes
* 1st floor layout: Lobby, reception area with skylight, 18 offices, 4 conference rooms, 2 large open/teaming areas, 2 coffee stations, a break room, 2 storage rooms, 3 restrooms, copy/mail room, janitorial closet, tele data room, and a recently serviced elevator;
* Fully built-out lower level: Lobby, 16 offices, 3 conference rooms, 2 large classrooms, 12 storage rooms, 4 electrical rooms, data room, elevator equipment room, 5 restrooms, and a break room;
* Backup generator onsite located on the west side of the building;
* Two large paved parking lots with secure fencing;
* Potential for a loading area to be added on the west side of the building;
* Convenient access to I-41/I-94 via Airport Spur;
* Great visibility from Airport Spur;
* Flexible zoning allowing for a multitude of uses;
* Easily divided for multi-tenant use; and
* Monument and building signage available
Situated at the Grange on-ramp to the airport spur with easy access throughout the metro area, this property has two driveways–one on West Grange Avenue and one on South 3rd Street.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
32,884 SF
Building Class
C
Year Built/Renovated
1983/2004
Price
$1,200,000
Price Per SF
$36
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
16,442 SF
Slab To Slab
10’
Building FAR
0.26
Lot Size
2.85 AC
Opportunity Zone
Yes
Zoning
LB1, Milwaukee - Local Business
Parking
200 Spaces (6.08 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 641-9990-111-5 | Improvements Assessment | $1,306,200 |
| Land Assessment | $867,500 | Total Assessment | $2,173,700 |
PROPERTY TAXES
Parcel Number
641-9990-111-5
Land Assessment
$867,500
Improvements Assessment
$1,306,200
Total Assessment
$2,173,700
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Lender Owned Former Aurora Health Airport Ctr | 180 W Grange Ave
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