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Restaurant Bar with Second-Story Patio
For Lease
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1850 N Water St, Milwaukee, WI 53202

Restaurant/bar space includes a second-level exterior patio in a high-density, walkable retail corridor.

Space Size4,330 SF
Days on Market536

Property Features for 1850 N Water St

General Information

Standard status Active
Size 4,330 SF
Property subtype RETAIL
Lease Type NNN

Amenities

exterior patio

Spaces For Lease

at 1850 N Water St Contact us

Turn-Key Bar/Restaurant $20/SF/Yr

Floor
1-2
Size
4,330 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
• Located on N Water St., close to Brady St. retail corridor • Current restaurant/bar...
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Listing Agency: Colliers - Milwaukee
Listed By: Russell Sagmoen
Source: Moodyscre
Added: Mar 28, 2025 Changed: Sep 6 Last Checked: Sep 13 at 11:40AM

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 Colliers - Milwaukee

Investment Insights

Based on property information with market context.

Located at 1850 N Water St in Milwaukee, WI, this current restaurant/bar build out features a second level exterior patio. The space is configured for bar and restaurant operations and is offered for rent.

The property sits on N Water St close to the Brady St retail corridor. It is directly across from the newly delivered River House apartments, which adds approximately 200 new units.

With its established bar/restaurant positioning and pedestrian-oriented surroundings, the layout and outdoor patio support food and beverage service with an additional exterior seating option.

Key Highlights

  • Restaurant/bar space on N Water St., close to the Brady St. retail corridor.
  • Current build out includes a second‑level exterior patio.
  • Located across from newly delivered River House apartments (+/- 200 new units).

Property Analytics

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Current Use

Red Lion British ... Nightclub

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Cosmetic Store Carpet & Flooring Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,085
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Milwaukee, WI

8% 2019
7.7% 2020
6.5% 2021
5.2% 2022
5% 2023
5.3% 2024
7% 2025
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Similar Off Market Nearby

  • Silk Exotic on Water Gentlemen's Club 144 E Juneau Ave, Milwaukee, WI 53202
  • Pourman's 1127 N Water St, Milwaukee, WI 53202
  • Third Street Tavern 1110 N Doctor M.L.K. Jr Dr, Milwaukee, WI 53203
  • The Brewery 1101 N Water St, Milwaukee, WI 53202
  • Duke's on Water 158 E Juneau Ave, Milwaukee, WI 53202

Frequently Asked Questions

What type of property is this?
Bar & Pub - Restaurant/bar space includes a second-level exterior patio in a high-density, walkable retail corridor.
Where is this bar & pub located?
The property is located at 1850 N Water St Milwaukee, WI.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Restaurant/bar space on N Water St., close to the Brady St. retail corridor.; Current build out includes a second‑level exterior patio.; Located across from newly delivered River House apartments (+/- 200 new units).
(414) 278-6810 Call to check price and availability
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