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    342 Water St Milwaukee, WI 53202

    For Lease
    $23 SF/Yr

    Milwaukee Executive Suites Available

    Lot size:
    105,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    The Mayer Building, a stunning eight-story mixed-use building located at 342 N Water St, Milwaukee, WI 53202, offers exceptional executive office space in the heart of the Historic Third Ward. This recently redesigned building boasts modern lines and finishes, a sleek lobby, updated elevators, and a contemporary corridor configuration. The available office space ranges from a minimum of 2,733 square feet to a maximum contiguous space of 12,500 square feet, with a total of 15,233 square feet currently vacant within the building's 105,000 total square feet. The building provides convenient lower-level parking with a ratio of 0.45 spaces per 1,000 square feet. Its prime location at the corner of Water and St. Paul Streets, across from the Milwaukee Public Market, offers unparalleled access to the vibrant energy of the Historic Third Ward. The building's unique mixed-use design also includes residential apartments, providing a unique opportunity for those seeking to streamline their commute. The contemporary loft aesthetic offers a fresh, crisp, and modern feel, ideal for businesses seeking a sophisticated and stylish workspace. This Milwaukee County property presents a rare opportunity to secure high-quality office space in a landmark building.

    Property Features for 342 Water St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    105,000 SF
    Total Rate
    208250

    Building Details

    Stories
    8

    Unit(s) available at that property

    Space
    7th Floor Full Floor
    Size
    12,500 SF
    Rate per SF
    $28
    Space
    8th Floor Suite 820
    Size
    2,733 SF
    Rate per SF
    $28

    HighLights

    • Milwaukee Public Market across the street.
    • West Elm occupies the entire ground floor.
    • Regus shared workspace on the 6th floor.
    • On‑site Zipcar access.
    • Limited underground and surface parking available.
    • Amenities include men's and women's showers and lockers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterclock Engineering Hydraulic Equipment Supplier Spark Design Agency Koch & Mc Cann ... Attorney Legal Evidence Corp Computer Security Service Sprintward Software Company

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9082725
    Latitude
    43.0348148

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    FAQs

    What type of property is this?
    Office Property / Space - Milwaukee Executive Suites Available
    Where is this office property / space located?
    The property is located at 342 Water St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Milwaukee Public Market across the street.; West Elm occupies the entire ground floor.; Regus shared workspace on the 6th floor.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    342 Water St Milwaukee, WI 53202
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