4775 N Green Bay Ave - Medical FOR SALE


Milwaukee, WI 53209- Lincoln Park
$1,278,726 USD
918-794-9787
4775 N Green Bay Ave, Milwaukee, WI for Sale
$1,278,726 USD
Medical - FOR SALE
1/8
null | 9.5% Cap Rate

4775 N Green Bay Ave
Milwaukee, WI 53209
Lincoln Park


HIGHLIGHTS

  • Corporate Guarantee from Leading Operator
  • Growing Industry Insulated from Macroeconomic Changes
  • Below-Market Rents with Rent Growth – Lease provides for 2% & 3% rental increases annually
  • Likelihood of Renewal – Tenant has operated at this location since 2005
  • Recent Renovation – Site underwent renovation in 2021 and 2025 making it more energy efficient and modernized
  • Top MSA with Good Demographics

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a multi-tenant medical office clinic located in Milwaukee, Wisconsin (the “Property”). The Property consists of 0.75 acres and a 13,287-square-foot medical clinic that was built in 1959 and has since been renovated multiple times, most recently 2025, to the exact specifications of the primary Tenant. The Property is located at the intersection of West Hampton Avenue and North Green Bay Avenue with over 60,000 vehicles per day. There are over 370,000 in population in the five-mile radius earning more than $82,000 in average household income. The primary Tenant, ARA-Milwaukee Dialysis, LLC, moved to the site in 2005 to grow its presence in Milwaukee. The initial term of the lease was for ten (10) years and they have now extended the lease multiple times with the current lease term expiring March 31, 2027. Their current rent is $99,654 with two percent (2%) rental increases annually. Innovative Renal Care (IRC) is a leading U.S.-based kidney care provider headquartered in Franklin, TN. Formed through the 2021 merger of American Renal Associates and IRC, the organization operates over 250 dialysis centers across 25 states, partnering with more than 400 nephrologists and serving approximately 15,000 patients nationwide. Innovative Renal Care is backed by Nautic Partners, a middle market private equity firm focused on healthcare, services, and industrials. In Association with: BJ Feller - WI Lic. #57176-90

FOR SALE DETAILS

PRICE

$1,278,726 USD

PRICE/SF

$96 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Innovative Renal Care MOB

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

Lb1

APN/PARCEL ID

232-0001-110-4

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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