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

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

Year built

1898

Property size

1,721 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

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

Longitude

-87.9146

Latitude

43.054