2436 50Th St, Milwaukee, WI 53210
25,839 SF | Office Building | Milwaukee, WI 53210 | $1,550,000 ($60/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,550,000
- Property Type
-
Office
- Square Feet
- 25,839 SF
- Price / Square Foot
- $60
Listing Contacts
Joe Eldredge, CCIM
Verified Profile
- Property Info
Property Overview
Colliers International | Wisconsin is pleased to exclusively offer a rare opportunity to acquire a former 85-bed Community Based Residential Facility located in Milwaukee, WI. This 25,839 square foot rehabilitation facility located at 2436 North 50th Street is fully leased. The property offered for sale operates as Gro Family Services, specializing in outpatient, residential and correctional mental health, substance abuse and reintegration treatment services. Gro has occupied the property since 2018 and currently has a long term lease in place through October 2027.
Property Details
- Class
- B
- Year Built/Renovated
- 1929/1949
- Stories
- 3
- Lot Size (sq. ft)
- 31,363 SF
Highlights
- Rare 85-bed CBRF in Milwaukee, WI.
- Triple net leased property.
- High barriers to entry and replacement costs.
- Numerous recent capital improvements.
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