Single-Tenant Office
For Sale
Contact for pricing
1776 North Water Street, Milwaukee, WI 53202
Single-tenant office building with on-building signage and limited on-site parking along Water Street.
Property Size3,250 SF
Price / SF$184.62
Days on Market144
Property Features for 1776 North Water Street
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Neighborhood
Lower East Side
Building Details
Tenancy
Single
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
Caroline Dragani · License #WI112291-94
(262) 613-6542
Source:
Crexi
Added: Jun 9
Changed: Oct 25
Last Checked: Oct 28 at 7:44AM
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, Wisconsin
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$37,162
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,240
$743.2K
Cap Rate 7%
$530,886
$530.9K
Cap Rate 9%
$412,911
$412.9K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$64.4K $19.80/SF
− Vacancy
−$14.8K −$4.55/SF
EGI
$49.5K $15.25/SF
− OpEx
−$12.4K −$3.81/SF
NOI
$37.2K $11.43/SF
Area
Milwaukee, WI
Vacancy
23.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,240
Cap Rate 7%
$530,886
Cap Rate 9%
$412,911
Alternative Uses
Best Use
Office B
$530.9K
$464.5K – $619.4K
NOI $37,162 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$781.0K
$683.4K – $911.2K
NOI $54,670 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,032
Businesses Nearby
Explore this area
Business Placement
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 Office in Milwaukee, WI
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 North Water Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $600,000.
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
