1241 North Water Street Milwaukee, WI 53202

Building Details

Year Built

1895

Listing office Prestige Realty d***@prestigerealtywi.com Show Phone

Listing date Jul 6, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This downtown Milwaukee property presents a redevelopment opportunity after being taken down to the studs from its former silversmith shop use. The prior redevelopment effort was underway with plans to transform the building into a bar and entertainment venue, and the existing improvements are now described as a blank canvas for a range of commercial concepts, including restaurant, tavern, nightclub, retail, office, mixed-use development, or creative adaptive reuse.

The ownership is open to multiple paths, including completing the existing redevelopment concept, entering a long-term lease arrangement for a qualified operator, redeveloping or repositioning for an alternative commercial use, or pursuing a potential tear-down and build-to-suit scenario subject to municipal approvals.

Recent work noted includes a tear-off of the roof with new plywood sheathing installed, positioning the structure for further redevelopment planning and design. The property is located at 1241 N. Water Street in Milwaukee’s downtown entertainment district, benefiting from high visibility and strong pedestrian activity associated with the corridor.

Key Highlights

• 1895‑built building at 1241 N. Water Street in Milwaukee downtown entertainment district
• Building has been taken to the studs and is being prepared for bar and entertainment use
• Redevelopment project: previously a silversmith shop; existing improvements left for re‑use and buildout

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Similar Off Market Nearby

• Starbucks — 509 W Wisconsin Ave, Milwaukee, WI 53203
• Mo's Irish Pub Downtown, Milwaukee — 142 W Wisconsin Ave, Milwaukee, WI 53203
• Strange Town Bottle Shop — 275 W Wisconsin Ave, Milwaukee, WI 53203
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• The High Note Karaoke Lounge — 645 N James Lovell St, Milwaukee, WI 53233

FAQs

What type of property is this?

Bar & Pub - Building has been taken to the studs and is being prepared for bar and entertainment use at 1241 N. Water.

Where is this bar & pub located?

The property is located at 1241 North Water Street Milwaukee, WI.

What are key features of this property?

This property features: 1895‑built building at 1241 N. Water Street in Milwaukee downtown entertainment district; Building has been taken to the studs and is being prepared for bar and entertainment use; Redevelopment project: previously a silversmith shop; existing improvements left for re‑use and buildout