Freestanding Auto Shop with Paint
For Sale
$299,900
3210 N Dr Martin Luther King Jr, Milwaukee, WI 53212
Y, Milwaukee, WI
Property Size2,690 SF
Lot Size0.32 Acres
Price / SF$111.49
Days on Market225
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
Amenities
rubber-coated roof
fresh paint
new electrical
new plumbing
three new furnaces
professional paint booth
new landscaping
new fencing
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: Oct 12
Last Checked: Oct 14 at 2:06AM
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.
Built in 1951, this freestanding auto shop contains 2,690 square feet on a 0.32-acre parcel. Recent work includes a rubber-coated roof, interior painting, replacement electrical and plumbing systems, and three new furnaces. The property also has a professional paint booth, two air compressors, a frame pulling machine, and a make-up air unit. Exterior improvements include landscaping and fencing.
Located at 3210 N Dr Martin Luther King Jr in Milwaukee, the property has three open city-approved permits covering car dealership, mechanic, and body shop uses. Inspection charges and paint booth plan review fees have been paid. The LB2-zoned site is configured for automotive-related commercial use.
Located at 3210 N Dr Martin Luther King Jr in Milwaukee, the property has three open city-approved permits covering car dealership, mechanic, and body shop uses. Inspection charges and paint booth plan review fees have been paid. The LB2-zoned site is configured for automotive-related commercial use.
Key Highlights
- 2,690‑square‑foot freestanding auto shop on 0.32 acres
- LB2 zoning with three open city‑approved permits
- Permits cover car dealership, mechanic, and body shop uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,795
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,900
$195.9K
Cap Rate 7%
$139,929
$139.9K
Cap Rate 9%
$108,833
$108.8K
Market Conditions
NOI Build-Up for 2,690 SF
Gross rent
$14.7K $5.47/SF
− Vacancy
−$721 −$0.27/SF
EGI
$14.0K $5.20/SF
− OpEx
−$4.2K −$1.56/SF
NOI
$9.8K $3.64/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,900
Cap Rate 7%
$139,929
Cap Rate 9%
$108,833
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Milwaukee, WI
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Frequently Asked Questions
What type of property is this?
Auto shop - Updated freestanding commercial building with automotive equipment, approved permits, and capabilities for repair and body operations.
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: 2,690‑square‑foot freestanding auto shop on 0.32 acres; LB2 zoning with three open city‑approved permits; Permits cover car dealership, mechanic, and body shop uses
