1331 N Dr Martin Luther King Jr Dr, Milwaukee, WI 53212 - Photo 1

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$1,795,000

For Sale
Active
Retail
8,000 Sq. Ft.

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Property Description

A historic Cream City brick mixed use property offers a premier ''Live-Work-Play'' lifestyle in the pulse of the Deer District. Just steps from Fiserv Forum, The Trade hotel, the new Landmark Credit Union Live Venue, and the MKE Public Museum, the location is unbeatable. The versatile 1st floor features three distinct office/workspaces with independent entrances- perfect for a multi-tenant income stream or owner-user setup. Currently, the front office generates $5.5K/month in instant cash flow. Above, a luxe 1-bedroom apartment boasting original pine floors, maple cabinetry, and an expansive rooftop terrace with city views. Complete with a massive warehouse/garage featuring epoxy flooring and space for multiple vehicles. This is the ultimate urban asset. Also listed residential MLS#1953397

Full Property Details

Full Property Details for 1331 North Dr. Martin Luther King Jr. Drive

General

Price: $1,795,000
Taxes: $24,103 (2025)
Status: Active
Type: Retail
Source: MetroMLS_Milwaukee_Wirex
MLS ID: 1953396
Updated: 3/25/2026
Added to Site: 33 day(s) ago

Additional Information

Other Features: Display Window, Elevator, Freight Elevator, Inside Storage, Living Space Available, Loading Dock, Office(s), Restrooms, Security Equipment

Parking

Total Spaces: 4

Location

Municipality: City
County: Milwaukee
Driving Directions: McKinley Blvd. to Martin Luther King Jr. Drive north one block.
Dist. to Freeway: Less than 1 Mile
Location Details: Business District, Freestanding, Near Public Transit

Heating & Cooling

Heating/Cooling: Central Air Conditioning, Forced Air, Natural Gas, Wall Air Conditioning

Utilities

Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

Structure Type: Office(s), Other, Retail, Special Purpose, Storage, Warehouse, Wholesale
Exterior Const.: Brick, Other
Basement Desc.: None
Roof: Rubber, Tar/Gravel
Ceiling Height: 11 to 15 Feet
Drive-In Clearance: 9 to 12 Feet
Stories Description: 2
Square Feet: 8,000
Year Built: 1895

Lot Features

Lot Size (Acres): 0.09
Frontage: High Visibility, Near Public Transit, Paved Lot, Paved Road, Town/City Road
Zoning: IL2 Industrial

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Tax Amount: $24,103
Tax Year: 2025

Listed by Mahler Sotheby's International Realty

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Schools

Schools serving 1331 North Dr. Martin Luther King Jr. Drive

School District:Milwaukee School District

Name	Grades	Distance
Golda Meir School 1615 North Doctor Martin Luther King Junior Drive, Milwaukee, WI 53212	3-8	0.3 mi
Carver Academy 1900 North 1st Street, Milwaukee, WI 53212	PK-8	0.6 mi
Elm Creative Arts Elementary School 900 West Walnut Street, Milwaukee, WI 53205	PK-5	0.6 mi
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205	6-8	0.5 mi
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202	6-8	0.7 mi
Rufus King International Middle School 121 East Hadley Street, Milwaukee, WI 53212	6-8	1.5 mi
Milwaukee High School of the Arts 2300 West Highland Avenue, Milwaukee, WI 53233	9-12	1.4 mi
Bradley Technology & Trade High School 700 South 4th Street, Milwaukee, WI 53204	9-12	1.6 mi
Riverside University High School 1615 East Locust Street, Milwaukee, WI 53211	9-12	2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1331 North Dr. Martin Luther King Jr. Drive Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/25/2026

Price Reduced

$1,795,000

-7.95%

MLS

3/11/2026

Listed

$1,950,000

137.8%

MLS

7/02/2021

Sold

$820,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1331 North Dr. Martin Luther King Jr. Drive

Year

Property Taxes

Change

Tax Assessment

Change

2024

$26,329

34%

$1,074,000

45%

2023

$19,711

12%

$742,100

—

2022

$17,669

14%

$742,100

41%

2021

$15,442

-2%

$525,000

11%

2019

$15,770

15%

$475,000

—

2018

$13,770

-4%

$475,000

—

2017

$14,274

-8%

$475,000

2016

$15,528

-3%

$463,000

2014

$15,999

$458,000

2013

$15,893

$446,000

2012

$15,232

—

$422,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1331 North Dr. Martin Luther King Jr. Drive

1331 N Dr Martin Luther King Jr Dr, Milwaukee, WI 53212 (MLS# 1953396) is a Retail property. 1331 N Dr Martin Luther King Jr Dr is currently listed for $1,795,000 and was received on March 11, 2026. Want to learn more about 1331 N Dr Martin Luther King Jr Dr? Do you have questions about finding other Retail real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

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1331 North Dr. Martin Luther King Jr. Drive Milwaukee, WI 53212