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Restaurant Bar with Patio
For Sale
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1850 N Water St, Milwaukee, WI 53202

Restaurant/bar space includes an exterior second-level patio and is positioned on a dense, walkable retail corridor.

Property Size4,330 SF
Days on Market493

Property Features for 1850 N Water St

General Information

Standard status Active
Size 4,330 SF
Property subtype RETAIL

Building Details

Stories 2
Listing Agency: Colliers - Milwaukee
Listed By: Russell Sagmoen · License #8975294
Source: Moodyscre
Added: Mar 28, 2025 Changed: Jul 27 Last Checked: Aug 1 at 3:16AM

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.

This property offers a current restaurant/bar buildout with a second-level exterior patio. The configuration is suited to food and beverage service within a dedicated commercial interior that supports outdoor guest space.

The building is located on N Water St, close to the Brady St retail corridor. It sits across from newly delivered River House apartments (approximately 200 units), supporting steady nearby foot traffic in a high-density, walkable area.

As offered for sale, the asset is best suited for an operator or buyer looking for an existing bar/restaurant setup with patio space in a mixed-use location.

Key Highlights

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

Property Analytics

Current Use

Red Lion British ... Nightclub

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Grocery & Convenience Store Cosmetic Store Carpet & Flooring 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.

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

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
Rey
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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 an exterior second-level patio and is positioned on a dense, walkable retail corridor.
Where is this bar & pub located?
The property is located at 1850 N Water St Milwaukee, WI.
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 restaurant/bar 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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