For Sale
$250,000

1947 Dr Martin Luther King Jr Dr Milwaukee, WI 53212

Historic building, updated apartment, parking.

Overview

Added:
Feb 3
Days on market:
84
This exceptional commercial property at 1947 N Dr Martin Luther King Jr DRIVE, Unit 1949 in Milwaukee, Wisconsin, presents a unique investment opportunity. The 1,848 square foot building boasts a thriving, established salon on the ground floor, ensuring a consistent income stream. Above the salon is a beautifully updated one-bedroom apartment, currently in turnkey condition, ready for immediate occupancy. The property sits on a 0.19-acre lot and includes two vacant lots, providing ample space for at least four parking spaces – a significant advantage in this vibrant Milwaukee neighborhood. Recent renovations are extensive and include brand new windows, a completely updated HVAC system, and a comprehensive overhaul of the electrical and plumbing systems. Both the kitchen and bathrooms have been fully modernized. The roof is also new, ensuring years of worry-free operation. This combination of a successful existing business, a rentable apartment, and the potential for additional parking makes this a highly desirable property for investors seeking strong returns and long-term growth. The asking price is $250,000. Don't miss this chance to acquire a piece of Milwaukee's rich history with modern updates and significant future potential.

Property Details for 1947 Dr Martin Luther King Jr Dr

Property type
Commercial real estate
Square Feet
1,848 SF
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Milwaukee
County
MILWAUKEE
State
Wisconsin
Latitude
43.0563
Longitude
-87.91444

FAQs

What type of property is this?
Commercial real estate - Historic building, updated apartment, parking.
Where is the commercial real estate located?
The property is located at 1947 Dr Martin Luther King Jr Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $250,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1947 Dr Martin Luther King Jr Dr
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