1320 MLK — Lease in Milwaukee, WI

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Milwaukee, WI 53212

Description

Welcome to 1320 N Dr. Martin Luther King Jr. Drive, a historic building originally constructed in 1903 as a power plant for Milwaukee’s streetcar system. Thoughtfully transformed into modern office space in 1999, this unique property is available for the first time since being redeveloped. Located on the Riverwalk, the building features high ceilings, classic cream city brick, a skylight on the 4th floor, and beautiful river views that bring natural light into the workspace. Energize your company and employees by experiencing this distinctive and inspiring location, adjacent to the Deer District in Downtown Milwaukee.

Market Context

This office in Milwaukee, WI is listed for lease. It has been on the market for 53 days. Compare it against other office listings for lease in Milwaukee, WI — view the full market.

As of Q1 2026, the Milwaukee office market showed average asking rents near $42.84/SF/yr, and cap rates around 9.0%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Milwaukee?
About 9.0% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$2.47/SF/mo – $3.35/SF/mo

Mid: $2.91/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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