1801 Dr. Martin Luther King Jr. Dr Milwaukee, WI 53212
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.