1947 N Dr Martin Luther King Jr Dr, Unit 1949 Milwaukee, WI $ 475,000
1947 N Dr Martin Luther King Jr Dr, Unit 1949
$ 475,000
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1947 N Dr Martin Luther King Jr Dr, Unit 1949

Milwaukee, WI, 53212
$ 475,000
Bedrooms-- Baths-- Sq 1,848

Monthly Estimate*

$ 3,281

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Commercial Property for sale in Milwaukee, WI

for $475,000. This 1,848 square foot building was built in 1877 on a lot size of 0.06.

Exceptional mixed-use opportunity in a prime Martin Luther King Jr. Drive corridor! This approximately 2,000 sq. ft. property offers excellent visibility and flexibility for investors or owner-users. The main level is thoughtfully designed for a daycare, barbershop, or similar commercial use, featuring an open-concept layout with two bathrooms to accommodate a variety of business needs. Upstairs, you'll find a beautifully updated 1-bedroom apartment with a den, providing comfortable living quarters or additional rental potential. Situated in a high-visibility location with convenient access to downtown Milwaukee, local businesses, restaurants, and major thoroughfares, this property presents an outstanding opportunity to own a versatile building in a growing commercial district.

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Commercial Active

Price

$ 475,000

Property Type

Commercial

Taxes

$ 3,537

Style

Salon/Barber Shop

Lot Size

0.06

Year Built

1877

Town/City

Milwaukee

County/Region

Milwaukee

MLS | Web ID

1973509

Features
General
Road Frontage Town/City Road
Parking 0.00
Zoning LB2
Year Built 1877
County Milwaukee
Miscellaneous Display Window Rest Rooms
Property Type G
Unit Number 1949
Location Free Standing Near Public Transit
Municipality City
Tax Year 2025
Directions MLK Drive to Brown St
City Milwaukee
Taxes 3537.15
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Interior
Basement Full
Heating/Cooling Central Air Forced Air Natural Gas
Stories 2
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Exterior
Exterior Brick
Roofing Rubber
Flood Plan No
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* Excluded Features
List By
Compass Re Wi-Northshore

Broker

angela.walters@compass.com

Email

Affordability Calculator

$3,575
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,281
Monthly Property Taxes
$295
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1159182 Elementary School
1159119 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/28/2026$475,000 Listed Price

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1947 N Dr Martin Luther King Jr Dr, Unit 1949, Milwaukee, WI, 53212 is a Commercial Property for sale at $475,000 with 1,848 sqft and a lot size of 0.06. 1947 N Dr Martin Luther King Jr Dr, Unit 1949 was built in 1877. The property's zip code is 53212 which is in Milwaukee, WI