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Timber Loft Retail Space

151 North Water Street, Milwaukee, WI 53202

For Lease
Contact for pricing

Cream City brick, heavy timber, and concrete floors give the interior a distinctive loft character.

Space Size3,802 SF
Property Size4,000 SF
Days on Market55

Property Features for 151 North Water Street

General Information

Standard status Active
Size 3,802 SF
Net Rentable 4,000 SF
Property subtype Retail

Space & Availability

Available Space 4,000 SF
Contiguous Space 4,000 SF
Space Use Retail

Site & Location

Neighborhood Historic Third Ward

Building Details

Construction cream city brick, heavy timber

Spaces For Lease

at 151 North Water Street
Available Space Active
Size 3,802 SF
Contact us
Listing Agency: Transwestern Milwaukee
Listed By: Marianne Burish · License WI 56491-90
Source: Crexi
Added: Sep 17 Changed: Nov 2 Last Checked: Nov 8 at 7:28AM

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 Transwestern Milwaukee

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Investment Insights

Based on property information with market context.

This approximately 4,000-square-foot retail suite pairs Cream City brick construction with heavy timber elements and concrete floors. Large windows face east, with additional window area on the north side, bringing natural light into the loft-style interior.

The space is in Milwaukee’s Historic Third Ward. A city parking structure sits directly across the street, and street parking is available on North Water and Chicago Streets.

Key Highlights

  • Approximately 4,000 sf of retail space
  • Cream City brick and heavy timber loft construction
  • Large windows on the east side, with additional windows on the north

Property Analytics

Current Use

Polished Hair Salon Orley Shabahang Persian ... Carpet Cleaning Service

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Buffet Nursing Home

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

Location Intelligence

Trade Area within ½ mile

6,595
Businesses Nearby

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

Lease Benchmarks for Milwaukee, WI

$16.44 /SF/Yr
Avg Asking Price
$3.2–$38.14 /SF/Yr
Price Range
4,990 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Milwaukee, WI

$14.54 Jul
$15.62 Aug
$13.49 Sep
$15.86 Oct

Properties on Market for Retail space in Milwaukee

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - Cream City brick, heavy timber, and concrete floors give the interior a distinctive loft character.
Where is this retail space located?
The property is located at 151 North Water Street Milwaukee, WI.
What are key features of this property?
This property features: Approximately 4,000 sf of retail space; Cream City brick and heavy timber loft construction; Large windows on the east side, with additional windows on the north
(414) 305-3070 Call to check price and availability
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