Restaurant Opportunity | 15,301 SF — Sale in Milwaukee, WI

  • Price: $2.8M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Milwaukee, WI 53203

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Description

Rare and Versatile Restaurant/Office Building Discover a rare opportunity at 1015-1019 N. Dr. MLK Jr. Drive in Milwaukee, WI. This versatile three-story property is positioned in one of the city’s most dynamic corridors. Offered for sale or lease, this historic building blends character with untapped potential, making it ideal for investors or owner-users. The expansive ground level is perfectly suited for a vibrant dining or entertainment concept, while the second floor offers the flexibility to create a private party room or event space. The third floor presents additional options for residential conversion or creative office use. With Milwaukee’s growth fueling demand for mixed-use developments, this property provides a strategic canvas for your next venture. Address: 1015-1017 N Dr. MLK Jr. Drive (aka Old World 3rd Street), Milwaukee, WI 53203 Building Size: 15,301 SF Total 3-stories / 5,100 SF Per Floor List Price: $2,750,000 Lease Rate: CONTACT BROKER Lot Size: 0.15 Acre Parcel ID: 361-0527-000-8 Zoning: C9G - Mixed Activity Year Built: 1882

Market Context

This retail in Milwaukee, WI is listed for sale at $2,750,000. Compare it against other retail listings for sale in Milwaukee, WI — view the full market.

As of Q1 2026, the Milwaukee retail market showed a 0.3% vacancy rate, and rents up 3.3% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Milwaukee retail market tightening or softening?
Vacancy is around 0.3%, with asking rents rising year over year (Q1 2026).

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