1801 Dr. Martin Luther King Jr. DrMilwaukee, WI 53212
- Other commercial real estate
- 1,721 SF
Property Details for 1801 Dr. Martin Luther King Jr. Dr
- Year built
- 1898
- Property size (Sq ft)
- 1,721 SF
- Property type
- Other commercial real estate
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents two executive office condominiums totaling 1,721 to 6,714 square feet, located at 1801 & 1805 North Dr. Martin Luther King Jr. Drive in Milwaukee, Wisconsin (zip code 53212). The property boasts a desirable 7.27% cap rate and features a beautifully renovated, turn-of-the-century building (originally built in 1898, renovated in 1998) with two stories. The building is zoned LB2 (commercial) and offers 16 parking spaces. The land value per square foot ranges from $133.15 to $171.41. One unit is currently vacant and ready for immediate occupancy, while the other is leased to a long-term tenant, providing a stable income stream. This high-profile location in the Brewer's Hill/Bronzeville commercial district offers easy access to I-43 and I-94, placing it within close proximity to the Deer District, downtown Milwaukee, and numerous restaurants, shops, hotels, and entertainment venues. The property's prime location within a rapidly developing neighborhood, coupled with its attractive features and strong tenant occupancy, makes it an ideal investment for discerning buyers. Condominium documents and tenant leases will be provided upon request. Please note that, per condominium declarations, commercial units may not use fryers or create odors that could disturb other units. APN numbers are 3531849000
Location Insight
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Latitude
- 43.054
- Longitude
- -87.9146
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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