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1311-1325 N Dr Martin Luther King Dr 94,000 SF Vacant Industrial Building Milwaukee, WI 53212 For Sale

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Investment Highlights

Federal Opportunity Zone
Ripe for redevelopment and offers great signage opportunities

North of Fiserv Forum and the busy Deer District
Includes a parking lot with 30 stalls one block away

Executive Summary

Tremendous potential on N. Dr. Martin Luther King Jr. Dr. Built in 1909, this downtown Milwaukee landmark sits in a federal Opportunity Zone just north of the Fiserv Forum and the busy Deer District. Ripe for redevelopment and offers great signage opportunities.
Numerous new, proposed and under construction developments within blocks of the site including the future home of the Milwaukee Public Museum (slated to open 2027), the newly-constructed 207-room Trade Hotel, and a new music venue just south of Fiserv Forum that just completed construction.

Historic Mandel Building - 1319 N. Dr. Martin Luther King Jr Dr

Property Facts

Sale Type	Investment or Owner User	Year Built/Renovated	1909/2022
Property Type	Industrial	Parking Ratio	0.33/1,000 SF
Property Subtype	Warehouse Office Office Residential	No. Dock-High Doors/Loading	1
Building Class	C	No. Drive In / Grade-Level Doors	1
Lot Size	0.79 AC	Cross Streets	W McKinley Ave
Rentable Building Area	94,000 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
No. Stories	5
Zoning	IM - Planned Commercial

Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Office Office Residential
Building Class	C
Lot Size	0.79 AC
Rentable Building Area	94,000 SF
No. Stories	5
Year Built/Renovated	1909/2022
Parking Ratio	0.33/1,000 SF
No. Dock-High Doors/Loading	1
No. Drive In / Grade-Level Doors	1
Cross Streets	W McKinley Ave
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	IM - Planned Commercial

Bus Line

Signage

1 1

Moderately walkable

70/100

Exceptionally drivable

100/100

Good public transit

70/100

Moderately bikeable

70/100

Source: Local Logic^®

Property Taxes

Parcel Number	361-2201-000-1	Improvements Assessment	$2,106,447 CAD
Land Assessment	$1,102,021 CAD	Total Assessment	$3,208,469 CAD

Property Taxes

Parcel Number

361-2201-000-1

Land Assessment

$1,102,021 CAD

Improvements Assessment

$2,106,447 CAD

Total Assessment

$3,208,469 CAD

(414) 273-0880

Contacts

Bill Bonifas
Matthew Cariello
Liz Anderson
CBRE

Listing ID: 28091664
Date on Market: 2023-03-29
Last Updated:
Address: 1311-1325 N Dr Martin Luther King Dr, Milwaukee, WI 53212

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