11000 W Lake Park Dr - Office FOR SALE


Milwaukee, WI 53224
$850,000 USD
301-706-4619
11000 W Lake Park Dr, Milwaukee, WI for Sale
$850,000 USD
Office - FOR SALE
1/31
null | Request Cap Rate

11000 W Lake Park Dr
Milwaukee, WI 53224


HIGHLIGHTS

  • STARTING BID $850,000 | 238K SF Office Campus | 82 Acres | Non-Profit Owned | $13M+ 2025 Appraisal | FF&E and Generator Included | AUCTION FEB 16-18
  • Headquarters-Quality Office | 238,129 SF: Three-story, masonry construction with recent renovations (LED lighting, carpet, multiple newer rooftop HVAC
  • Two Large Parcels Totaling ±81.7 Acres: Campus setting inside the 300+ acre Park Place Office Park—substantial land for future expansion or redevelopm
  • Robust Infrastructure for High-Density Users: 3-phase, 480V, 3,000A service, new 600 kW generator, multiple raised-floor telecom rooms with supplement
  • Amenity-Rich Interior: Large cafeteria with commercial kitchen + outdoor deck, fitness center with locker rooms/showers, multiple restrooms per floor.
  • Excellent Parking & Attractive Site Features: Paved lot for ±900 vehicles, walking paths, and a landscaped pond; 2 docks / 1 drive-in. Zoning: PD

OVERVIEW

Marcus & Millichap is pleased to present 11000 & 11001 W Lake Park Drive (the "Property"), a 238,129 SF headquarters-quality office campus on ±81.705 acres within Milwaukee’s Park Place Office Park. This Property presents a rare opportunity for investors, developers, or owner-users to acquire a high-quality construction building with significant repositioning potential. Recently refreshed with LED lighting, new carpet, and new/updated rooftop HVAC, the property is engineered for high-density operations: 3-phase, 480V, 3,000A power, a new 600 kW generator, raised-floor telecom rooms with dedicated cooling, and 2 dock-high / 1 drive-in loading positions. Interior amenities include a full cafeteria with commercial kitchen and outdoor deck plus a fitness center with locker rooms and showers. The campus provides ±900 parking stalls, walking paths, and attractive water features, all less than a mile from I-41/Hwy 45 with abundant nearby services. Zoned PD (Planned Development), the two-parcel assemblage offers meaningful expansion or redevelopment optionality. Milwaukee, Wisconsin is the largest city in the state and serves as a major commercial and corporate hub along the western shore of Lake Michigan. The city is anchored by a diversified economy that includes manufacturing, finance, healthcare, and logistics, with major corporate headquarters such as Northwestern Mutual, Fiserv, and Johnson Controls driving sustained office and corporate demand. The Property is located adjacent to Aurora Health Care and approximately seven miles from Kohl’s Headquarters, within the Park Place Office Park—a 300+ acre master-planned campus directly adjacent to I-41 (±92,841 vehicles per day) offering excellent regional connectivity throughout Milwaukee and its surrounding suburbs. The Property is approximately ten miles from Downtown Milwaukee, which is home to major corporate campuses including Northwestern Mutual’s headquarters and the BMO Tower. The surrounding area features a dense concentration of retail and hospitality amenities such as Sam’s Club, Woodman’s Food Market, Aldi, Hilton Garden Inn, and Holiday Inn Express. Additionally, the Property is situated within an extremely dense trade area, serving approximately 53,763 residents within a three-mile radius and over 164,500 residents within a five-mile radius, with average household incomes exceeding $81,000.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$4 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - 238K SF Office Campus | 82 Acres

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

900

LAND DETAILS

LAND ACRES

82 AC

LAND SF

3,571,920 SF

ZONING

PD

APN/PARCEL ID

077-0131-000-9,077-0132-000-4

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.