Single-Tenant Office
1776 N Water St Milwaukee, WI 53202
For Sale
Contact for pricing
Single-tenant office building with on-building signage and limited on-site parking along Water Street.
Property Size3,250 SF
Price / SF$200
Days on Market50
Property Features for 1776 N Water St
General Information
Standard status
Active
Size
3,250 SF
Property subtype
OFFICE
Listing Agency:
Colliers - Milwaukee
(414) 278-6812
Listed By:
Joe Langhoff · License #9271394
(414) 278-6812
Source:
Moodyscre
Added: Jun 11
Changed: Jul 26
Last Checked: Jul 29 at 3:20PM
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 is a single-tenant office building well-suited for professional services and creative or boutique users seeking an ownership option. The property includes on-building signage and offers limited on-site parking, with flexibility noted to reconfigure parking stalls in a tandem style.
The building is highly visible along Water Street and is described as being surrounded by restaurants, apartments, and retail amenities. It is also noted to be within walking distance to Brady Street and Water Street amenities.
For a prospective owner-occupant, the layout is positioned as a dedicated-use building, supported by visibility and signage on the building itself, along with parking that can be adjusted to fit operational needs.
The building is highly visible along Water Street and is described as being surrounded by restaurants, apartments, and retail amenities. It is also noted to be within walking distance to Brady Street and Water Street amenities.
For a prospective owner-occupant, the layout is positioned as a dedicated-use building, supported by visibility and signage on the building itself, along with parking that can be adjusted to fit operational needs.
Key Highlights
- Single‑tenant building suited for professional services, creative firms, or boutique users
- Highly visible along Water Street, surrounded by restaurants, apartments, and retail amenities
- On‑building signage available
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.4k | $19.80 |
| − Vacancy | −$14.8k | −$4.55 |
| EGI | $49.5k | $15.25 |
| − OpEx | −$12.4k | −$3.81 |
| NOI | $37.2k | $11.43 |
3,250 SF · lease $19.80/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$530.9K
$464.5K – $619.4K
NOI $37,162 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$781.0K
$683.4K – $911.2K
NOI $54,670 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Single-tenant office building with on-building signage and limited on-site parking along Water Street.
Where is this office building located?
The property is located at 1776 N Water St Milwaukee, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Single‑tenant building suited for professional services, creative firms, or boutique users; Highly visible along Water Street, surrounded by restaurants, apartments, and retail amenities; On‑building signage available
