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1801-1805 N Dr Martin Luther King Jr Dr - The Dreamland Building 1,721 - 6,714 SF Office/Retail Condo Units Offered at $381,987 - $1,036,822 CAD Per Unit in Milwaukee, WI 53212
Executive Summary
Beautiful mixed use turn of century cream city brick building in quickly redeveloping MLK/Bronzeville neighborhood immediately north of the Deer District sports & entertainment corridor.
2 Units Available
Unit 9
| Unit Size | 6,714 SF | Sale Type | Investment |
| Price | $1,036,822 CAD | Cap Rate | 7.27% |
| Price Per SF | $154.43 CAD | NOI | $75,376.99 CAD |
| Condo Use | Office/Retail |
| Unit Size | 6,714 SF |
| Price | $1,036,822 CAD |
| Price Per SF | $154.43 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| NOI | $75,376.99 CAD |
Description
In Line unit. East side: Two furnaces (Rheem 115,000 BTU 95% efficient gas furnace), two A/C units (Rheem 5-ton), and one HRV added to serve east furnace (Broan #HRV90, 90CFM). Units installed in 2021. The furnaces are located in the basement. West side: Two furnaces and A/C units installed in 2006. Located in the mechanical room on the first floor. Two-phase power and reserved parking stalls in the secured adjacent surface lot available as follow: 12 stalls for $48,000 ($4,000 each). Condo fees are $21,300 ($3.17/sf)
Sale Notes
Leased to Pearls for Teen Girls through 7/31/2025 with one remaining 5-year
renewal right.
Rare opportunity to own exceptional storefront office/retail condominium spaces on vibrant Dr. Martin Luther King Jr. Drive with easy on-site and unmetered street parking! Located in the heart of the Brewer’s Hill/Bronzeville commercial district and a stone’s throw from the Deer District and everywhere else you want to be, these units offer attractive and versatile commercial spaces for retail, showroom,
or retail/office work environments. Absolutely a must-see for any organization or retailer needing affordable high-visibility, move-in ready space. This beautifully renovated turn-of-century building offers a high profile, easy-to-find location with convenient freeway access (Marquette exchange for I43 north /south & I94 east/west) plus immediate proximity to downtown, restaurants, shopping, hotels, and entertainment venues. The corner unit is vacant and ready for occupancy, while the other unit is leased and offers a solid income stream to a long-standing quality tenant.
First Floor Plan
Basement storage floor plan
Unit 10
| Unit Size | 1,721 SF | Condo Use | Office/Retail |
| Price | $381,987 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $221.96 CAD |
| Unit Size | 1,721 SF |
| Price | $381,987 CAD |
| Price Per SF | $221.96 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
Description
One furnace (Rheem 85,000 BTU gas furnace), and one A/C unit (Rheem 4-ton)
installed 2021. Furnace room accessible from the west residential entry. Condo fees are $5,244 and parking fees are 4 stalls for $16,000 ($4,000 each)
Sale Notes
Rare opportunity to own exceptional storefront office/retail condominium spaces on vibrant Dr. Martin Luther King Jr. Drive with easy on-site and unmetered street parking! Located in the heart of the Brewer’s Hill/Bronzeville commercial district and a stone’s throw from the Deer District and everywhere else you want to be, these units offer attractive and versatile commercial spaces for retail, showroom,
or retail/office work environments. Absolutely a must-see for any organization or retailer needing affordable high-visibility, move-in ready space. This beautifully renovated turn-of-century building offers a high profile, easy-to-find location with convenient freeway access (Marquette exchange for I43 north /south & I94 east/west) plus immediate proximity to downtown, restaurants, shopping, hotels, and entertainment venues. The corner unit is vacant and ready for occupancy, while the other unit is leased and offers a solid income stream to a long-standing quality tenant.
+7 More
Unit 10
First Floor Plan
Unit 10
Basement storage floor plan
Unit 10
Unit 10
Unit 10
Unit 10
Unit 10
Unit 10
Unit 10 basement storage
Unit 10 basement storage
Property Facts
| Total Building Size | 15,702 SF | Typical Floor Size | 7,851 SF |
| Property Type | Retail | Year Built | 1898 |
| Property Subtype | Freestanding | Lot Size | 0.26 AC |
| Building Class | C | Parking Ratio | 0.13/1,000 SF |
| Floors | 2 | Opportunity Zone |
Yes
|
| Zoning | CSC85 | ||
| Total Building Size | 15,702 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 7,851 SF |
| Year Built | 1898 |
| Lot Size | 0.26 AC |
| Parking Ratio | 0.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CSC85 |
Amenities
- Bus Line
- Signage
Nearby Major Retailers
Presented by
1801-1805 N Dr Martin Luther King Jr Dr - The Dreamland Building
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