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Executive Summary

This rare 4.28-acre institutional campus presents a unique opportunity for expansion, redevelopment, or owner-user occupancy. The property includes an 11,367 SF building situated on 2.28 acres, along with an additional 2-acre parcel included in the sale, providing exceptional flexibility for future growth.
Built in 2006, the facility features 9 classrooms, 9 restrooms, a commercial kitchen, laundry room, administrative offices, a fenced outdoor recreation area, and a full sprinkler system. The existing infrastructure allows for immediate occupancy while offering numerous possibilities for reconfiguration or expansion.
The additional acreage creates opportunities for future development, expanded operations, additional parking, new construction, or campus-style growth. Preliminary plans have also been developed for conversion to a 20-24 bed assisted living facility, highlighting the property's adaptability for healthcare and residential care uses.
Whether utilized for educational, healthcare, religious, community service, or other institutional purposes, this property offers a combination of existing functionality, development potential, and excess land rarely available in today's market.

Property Facts

Price $1,500,000
Price Per Bed $1,500,000
Sale Type Investment or Owner User
Sale Condition Lease Option
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Continuing Care Retirement Community
Building Class C
Lot Size 4.28 AC
Building Size 11,367 SF
No. Beds 1
No. Stories 1
Year Built 2006
Parking Ratio 1.23/1,000 SF
Zoning RB2 - Commercial

Amenities

  • Wheelchair Accessible
  • Smoke Detector

Room Mix Information

Description No. Beds
- 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
083-0142-000-6
Land Assessment
$53,300
Improvements Assessment
$1,946,700
Total Assessment
$2,000,000
  • Listing ID: 34714051

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 7901 N 66th St, Milwaukee, WI 53223

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