Bar and Entertainment
For Sale
Contact for pricing
1241 North Water Street, Milwaukee, WI 53202
Building has been taken to the studs and is being prepared for bar and entertainment use at 1241 N. Water.
Property SizeContact for details
Days on Market52
Property Features for 1241 North Water Street
General Information
Standard status
Active
Property subtype
Retail
Zoning
C9BA
Lease Type
NNN
Investment Type
Redevelopment
Building Details
Year Built
1895
Units
4
Listing Agency:
Prestige Realty
(414) 852-9209
Listed By:
Diane Drummy · License #WI 56183-90
Source:
Crexi
Added: Jul 6
Changed: Aug 16
Last Checked: Aug 24 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prestige Realty
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.
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,581
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Retail in Milwaukee, WI
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Similar Off Market Nearby
- Starbucks — 509 W Wisconsin Ave, Milwaukee, WI 53203
- Miller Time Pub & Grill — 509 W Wisconsin Ave, Milwaukee, WI 53203
- The High Note Karaoke Lounge — 645 N James Lovell St, Milwaukee, WI 53233
- Strange Town Bottle Shop — 275 W Wisconsin Ave, Milwaukee, WI 53203
- Mo's Irish Pub Downtown, Milwaukee — 142 W Wisconsin Ave, Milwaukee, WI 53203
Frequently Asked Questions
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
