Log In/Sign Up
Your email has been sent.
4811 S 76th St
Greenfield, WI 53220
Edgewood Plaza · Office Property For Sale
Investment Highlights
- Landmark multi-tenant office building with consistent investment appeal.
- Occupancy at 90% with a diversified tenant mix plus additional revenue streams from cell towers and storage.
- Easy regional access to I-43 and I-894, complemented by strong nearby retail and restaurant amenities including Southridge Mall.
- Long-term anchor tenancy from Associated Bank since 1981, supported by strong regional brand presence.
- Situated on 2.59 acres with ample on-site parking for 173 vehicles.
- Shared building amenities include a conference room and break area for tenant convenience.
Executive Summary
Edgewood Plaza presents a compelling investment opportunity in the thriving Greenfield submarket of Milwaukee. This four-story Class B office asset features a strong tenancy profile anchored by Associated Bank, which has occupied the property since 1981 and continues as a long-term tenant with additional amenities including drive-through banking lanes and an ATM. The property is currently 90% leased, reflecting strong demand and stable cash flow supported by a diverse mix of medical, legal, engineering, and financial professionals.
Built on approximately 2.59 acres and offering 173 parking spaces, Edgewood Plaza also generates supplementary income from three cell tower leases and six storage units. The property is configured with full-service gross leases incorporating base-year pass-throughs on 60% of leases, benefiting predictable expenses. Tenants enjoy shared conference facilities and break rooms, enhancing marketability and collaboration.
Strategically located less than one mile from I-43 with convenient access to I-894 and local transportation lines, Edgewood Plaza offers regional connectivity and proximity to retail destinations including Southridge Mall and 84South. Traffic counts exceed 25,900 cars per day via WIS DOT. This opportunity offers stabilized occupancy, attractive capitalization metrics, and long-term upside in one of Milwaukee County’s robust business corridors.
Built on approximately 2.59 acres and offering 173 parking spaces, Edgewood Plaza also generates supplementary income from three cell tower leases and six storage units. The property is configured with full-service gross leases incorporating base-year pass-throughs on 60% of leases, benefiting predictable expenses. Tenants enjoy shared conference facilities and break rooms, enhancing marketability and collaboration.
Strategically located less than one mile from I-43 with convenient access to I-894 and local transportation lines, Edgewood Plaza offers regional connectivity and proximity to retail destinations including Southridge Mall and 84South. Traffic counts exceed 25,900 cars per day via WIS DOT. This opportunity offers stabilized occupancy, attractive capitalization metrics, and long-term upside in one of Milwaukee County’s robust business corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
56,769 SF
Building Class
C
Year Built
1981
Price
$7,000,000
Price Per SF
$123.31
Cap Rate
9.40%
NOI
$658,000
Percent Leased
90%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
16,128 SF
Building FAR
2.21
Lot Size
0.59 AC
Zoning
C4 - Commercial
Parking
173 Spaces (2.47 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,420,600 | |
| Land Assessment | $1,929,200 | Total Assessment | $4,355,500 |
Property Taxes
Parcel Numbers
Land Assessment
$1,929,200
Improvements Assessment
$2,420,600
Total Assessment
$4,355,500
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
