Freestanding Automotive Service
3210 N Dr Martin Luther King Jr Milwaukee, WI 53212
For Sale
$299,900
COMMERCIAL - Milwaukee, WI
Property Size2,690 SF
Lot Size0.32 Acres
Price / SF$111.49
Days on Market142
Property Features for 3210 N Dr Martin Luther King Jr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- LB2
- Standard status
- Active
- APN
- 2821621110
- Size
- 2,690 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1432
Building Details
- Year built
- 1951
- Architectural style
- Other
Listing Agency:
Lannon Stone Realty LLC
(262) 333-4440
Listed By:
Marisa Baeurle · License #8048794
(262) 470-7107
Added: Mar 3
Changed: Jul 9
Last Checked: Jul 23 at 5:06PM
MLS# 1952334
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding automotive service facility is configured for car dealership, mechanic shop, and body shop uses, with three open permits approved by the city. The improvements are extensive and turnkey, including a rubber-coated roof, fresh paint throughout, new electrical and plumbing, and three new furnaces. Operational support is built in with a brand-new professional paint booth, two air compressors, a frame pulling machine, and a make-up air unit. Exterior improvements include new landscaping and fencing.
The property offers visibility and exposure on MLK Drive in Milwaukee, WI 53212. Zoning is LB2.
All inspection fees and paint booth plan review fees have been paid, supporting an easier path to move forward with the approved automotive-related use cases.
The property offers visibility and exposure on MLK Drive in Milwaukee, WI 53212. Zoning is LB2.
All inspection fees and paint booth plan review fees have been paid, supporting an easier path to move forward with the approved automotive-related use cases.
Key Highlights
- Freestanding commercial property built in 1951 on MLK Drive with extensive improvements for automotive use.
- Rubber‑coated roof and fresh paint throughout, plus all new electrical and plumbing.
- Three new furnaces installed.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.7k | $5.47 |
| − Vacancy | −$721 | −$0.27 |
| EGI | $14.0k | $5.20 |
| − OpEx | −$4.2k | −$1.56 |
| NOI | $9.8k | $3.64 |
2,690 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$403.1K
$352.7K – $470.3K
NOI $28,217 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$139.9K
$122.4K – $163.3K
NOI $9,795 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,250 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Dupree Auto — 811 W Center St, Milwaukee, WI 53206
- Burnell Auto — 822 W Center St, Milwaukee, WI 53206
- Kwik Towing & Milwaukee Junk Cars LLC — 822 W Center St, Milwaukee, WI 53206
- Never Stop Towing — 2669 N Holton St, Milwaukee, WI 53212
- Mobile Small Engines LLC — 2641 N Holton St, Milwaukee, WI 53212
FAQs
What type of property is this?
Auto shop - Freestanding automotive property with a brand-new professional paint booth and dedicated equipment for service and body work.
Where is this auto shop located?
The property is located at 3210 N Dr Martin Luther King Jr Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Freestanding commercial property built in 1951 on MLK Drive with extensive improvements for automotive use.; Rubber‑coated roof and fresh paint throughout, plus all new electrical and plumbing.; Three new furnaces installed.
