• 85-Bed CBRF Investment Opportunity - 2436 N 50th St, Milwaukee, WI 53210

For Sale

Special Purpose
Office

For Sale

This property is available for sale
0.59
Acres
$1,550,340
Sale Price
  • Year Built
    1929 (Renovated 1949)
  • 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. 


     


     


    Highlights
    • Rare 85-bed CBRF in Milwaukee, WI.
    • Triple Net leased property.
    • High barriers to entry and replacement costs.
    • Numerous recent capital improvements.

Contact or Call

Property Details

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. 


 


 


Highlights
• Rare 85-bed CBRF in Milwaukee, WI.
• Triple Net leased property.
• High barriers to entry and replacement costs.
• Numerous recent capital improvements.

  • Property Type
    Special Purpose, Office
  • Submarket
  • Year Built
    1929Renovated 1949
  • Sale Price
    $1,550,340
  • Total Acres
    0.59
  • Zoning
    Residential - Two Family
  • Last updated
    Sep 27, 2021
  • Property ID
    1735751

Landlord's Sales Representative

  • Joe Eldredge
    Colliers | Milwaukee