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    1801 Dr. Martin Luther King Jr. Dr Milwaukee, WI 53212

    Sponsored
    For Sale
    Contact for pricing

    Prime Milwaukee location, high cap rate.

    Property size:
    1,721 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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

    Property Features for 1801 Dr. Martin Luther King Jr. Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,721 SF

    Building Details

    Year Built/Renovated
    1898/1998
    Stories
    2
    Units
    2

    HighLights

    • Historic Cream City brick mixed‑use building in the rapidly revitalizing Bronzeville neighborhood, adjacent to the Deer District.
    • Condo docs and leases available upon request; commercial units have fryer and odor restrictions per condo declarations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9145758
    Latitude
    43.0540225

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Milwaukee location, high cap rate.
    Where is this office property / space located?
    The property is located at 1801 Dr. Martin Luther King Jr. Dr Milwaukee, WI.
    What are key features of this property?
    This property features: Historic Cream City brick mixed-use building in the rapidly revitalizing Bronzeville neighborhood, adjacent to the Deer District.; Condo docs and leases available upon request; commercial units have fryer and odor restrictions per condo declarations.;
    Request Owner's contact information
    1801 Dr. Martin Luther King Jr. Dr Milwaukee, WI 53212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1801 Dr. Martin Luther King Jr. Dr Milwaukee, WI 53212
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