Restaurant Opportunity | 6,936 SF 1009-1011 North Doctor Martin Luther King Junior Drive
Milwaukee, WI 53203
For Sale/Lease
6,936 sqft
Sale Price
$1,500,000
Lease Price
Contact Broker For Pricing
Brochure
Map
Retail For Sale/Lease - Available Immediately
Unique Bar/Restaurant/Multifamily Opportunity
Get in touch
Andrew Stefanich
Carlos Wu
Unlock this unique bar/restaurant/multifamily opportunity at 1009-1011 N. Dr. MLK Jr. Drive in vibrant Milwaukee, Wisconsin. Available for sale or lease, this prime commercial and residential building offers a distinctive blend of historical charm and
modern potential in a rapidly developing area.
The property features a spacious ground floor ideal for a bustling bar or restaurant, plus three upper-level apartments that provide additional rental income, making this a multifaceted retail/multifamily investment opportunity.
Whether you envision a thriving hospitality venue with stylish residential units above or a complete redevelopment to capitalize on Milwaukee’s competitive housing market, this location delivers the perfect foundation for your vision.
Address: 1009-1011 N Dr. MLK Jr. Drive (aka Old World 3rd Street), Milwaukee, WI 53203
Building Size: 6,936 SF Total
Retail - 1st Floor: 2,312 SF
Residential - 2nd & 3rd Floors: 4,624 SF
List Price: $1,500,000
Lease Rate: CONTACT BROKER
Lot Size: 0.07 Acre
Parcel ID: 361-0530-000-4
Zoning: C9G - Mixed Activity
Year Built: 1888
modern potential in a rapidly developing area.
The property features a spacious ground floor ideal for a bustling bar or restaurant, plus three upper-level apartments that provide additional rental income, making this a multifaceted retail/multifamily investment opportunity.
Whether you envision a thriving hospitality venue with stylish residential units above or a complete redevelopment to capitalize on Milwaukee’s competitive housing market, this location delivers the perfect foundation for your vision.
Address: 1009-1011 N Dr. MLK Jr. Drive (aka Old World 3rd Street), Milwaukee, WI 53203
Building Size: 6,936 SF Total
Retail - 1st Floor: 2,312 SF
Residential - 2nd & 3rd Floors: 4,624 SF
List Price: $1,500,000
Lease Rate: CONTACT BROKER
Lot Size: 0.07 Acre
Parcel ID: 361-0530-000-4
Zoning: C9G - Mixed Activity
Year Built: 1888
While historically known as Old World Third Street, the street was officially renamed N. Dr. Martin Luther King, Jr. Drive in 2022, connecting the entertainment district to the existing MLK Drive business district while still recognizing its unique history.
The corridor is experiencing significant revitalization, with new mixed-use developments and housing initiatives attracting both residents and businesses.
The corridor is experiencing significant revitalization, with new mixed-use developments and housing initiatives attracting both residents and businesses.
Total Space Available
6,936 sqft
Lease Type
Direct
Sale Price
$1,500,000
Lease Rate
Contact Broker For Pricing
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
| Population | 31,843 | 206,578 | 429,872 |
| Avg. Household Income | $96,931 | $72,560 | $83,178 |
| Daytime Population | 82,794 | 248,743 | 447,474 |
Get in touch
Andrew Stefanich
Carlos Wu