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Restaurant Bar with Patio
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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 Market584

Property Features for 1850 N Water St

General Information

Standard status Active
Size 4,330 SF
Property subtype RETAIL

Site & Location

Neighborhood Lower East Side

Building Details

Stories 2
Listing Agency: Colliers - Milwaukee
Listed By: Russell Sagmoen
Source: Moodyscre
Added: Mar 28, 2025 Changed: Oct 25 Last Checked: Nov 1 at 8:55AM

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

Rey
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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

Who owns this building? See the owner, sales and loan history
Open Analytics

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.

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

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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