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1818 N Dr Martin Luther King Jr Dr

1818 N Doctor M.L.K. Jr Dr, Milwaukee, WI 53212
Available Now
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FOR SALEOffice / Executive
Cap Rate
8%
NOI
$215,940
Building Size
7,542SF
APN
353-0842-000-9
Lot Size
0.52Ac
Year Built
1925
Listing Contacts
Vice President
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More property details

Parking Info
30 Spaces (3.98 Spaces per 1000 SF Leased)
Year Renovated
2013
Zoning
LB2
Occupancy
100%
Tenancy
Single Tenant
Currently Leased
No
Typical Floor Size
3,771SF
Building FAR
0.33
Property Class
C
No of Buildings
1
No of Stories
2

Features & amenities

Location Amenities
Airport
Commuter Rail
Public Transportation

Location

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1818 N Dr Martin Luther King Jr Dr
About the location

The Ficke Team of Colliers presents the opportunity to acquire the U.S. Department of Veterans Affairs Community Resource & Referral Center (CRRC), a mission-critical, government-leased asset located at 1818 N Martin Luther King Jr Drive in a dynamic downtown neighborhood of Milwaukee. The 7,542-square-foot facility is leased to the United States Department of Veterans Affairs under a newly executed 10-year lease with five years firm, commencing September 2025, and includes 3% annual rent escalations, offering stable income backed by the full faith and credit of the U.S. Federal Government (S&P AA+). Originally renovated-to-suit in 2013 with over $2.4 million invested, the historic building earned recognition from the Wisconsin State Historic Preservation Commission, the National Park Service, and achieved LEED Silver certification, while also featuring a rare 25-space private parking lot. Strategically positioned along a city bus line, the facility provides essential, centralized services for veterans, including housing support, healthcare access, and career resources. The property benefits from over $1 billion in surrounding investment, with proximity to major developments such as Fiserv Forum, ThriveOn King, and the future Nature & Culture Museum of Wisconsin, as well as the established Brewers Hill neighborhood. Positioned within Wisconsin’s largest city and a major economic hub, this asset offers investors long-term stability, strong credit tenancy, and consistent cash flow in a high-growth urban environment.

Documents

FILE
1818 Flyer.pdf
4.45 MB · Listing document
1818 N Dr Martin Luther King Jr Dr
7,542 SF · office · United States · WI
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