Log In/Sign Up
Your email has been sent.
1801-1805 N Dr Martin Luther King Jr Dr - The Dreamland Building 1,721 - 6,714 SF Office/Retail Condo Units Offered at $389,276 - $1,056,605 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
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.27% |
| Sale Type | Investment |
| Cap Rate | 7.27% |
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.
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.
| Sale Type | Investment or Owner User |
| 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)
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.
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 9 | 6,714 SF | Office/Retail | $1,056,605 CAD ($157.37 CAD/SF) | $76,815.20 CAD |
| Unit 10 | 1,721 SF | Office/Retail | $389,276 CAD ($226.19 CAD/SF) | - |
Unit 9
| Unit Size |
| 6,714 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,056,605 CAD ($157.37 CAD/SF) |
| NOI |
| $76,815.20 CAD |
Unit 10
| Unit Size |
| 1,721 SF |
| Condo Use |
| Office/Retail |
| Price |
| $389,276 CAD ($226.19 CAD/SF) |
| NOI |
| - |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 9
| Unit Size | 6,714 SF |
| Condo Use | Office/Retail |
| Price | $1,056,605 CAD ($157.37 CAD/SF) |
| NOI | $76,815.20 CAD |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| 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)</li></ul> | |
| Sale Notes | |
| Leased to Pearls for Teen Girls through 7/31/2025 with one remaining 5-year<br> renewal right. <br> 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,<br> 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.</li></ul> |
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 10
| Unit Size | 1,721 SF |
| Condo Use | Office/Retail |
| Price | $389,276 CAD ($226.19 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| One furnace (Rheem 85,000 BTU gas furnace), and one A/C unit (Rheem 4-ton)<br> 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)</li></ul> | |
| 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,<br> 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1801-1805 N Dr Martin Luther King Jr Dr - The Dreamland Building
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.




