227 N Water St, Milwaukee, WI 53202

Grand Riverside Apartments is a mixed-use property in Milwaukee’s Historic Third Ward, featuring 16 apartment homes and 2 commercial suites. The property contains approximately 21,160 square feet of apartment homes and 5,589 square feet of commercial space, totaling 26,749 square feet. The residential unit mix includes four one-bedroom, one-bathroom units at 1,018 square feet and four one-bedroom, two-bathroom units at 1,081 square feet. Additionally, there are four two-bedroom, two-bathroom units at 1,557 square feet and four two-bedroom, two-bathroom plus den units at 1,643 square feet. The property also features two ground-level commercial suites: one at 2,753 square feet and the other at 2,836 square feet. Apartment homes feature open floor plans with exposed wood-beamed ceilings, cream city brick accent walls, bamboo flooring, and granite countertops. Units are equipped with in-unit washers and dryers, central air-conditioning, and stainless steel appliance packages including refrigerator, range and oven, dishwasher, and microwave. Many units also offer waterfront views and direct access to the Milwaukee Riverwalk. Residential tenants are responsible for heat, gas, and electric utilities. Water, sewer, and trash services are paid by ownership and billed back to tenants through a third-party RUBS system. Commercial tenants are responsible for their CAM Share (real estate taxes, special assessments, snow, management fee, and insurance), as well as heat, electric, gas, water and sewer, and cleaning expenses. All such utilities are separately metered for commercial suites. The Historic Third Ward is recognized as the city’s premier shopping, dining, and arts district. The neighborhood features a concentration of upscale retailers, art galleries, restaurants, professional services, and theaters. The district also hosts popular events and is home to the Milwaukee Public Market.