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    315 Water St Milwaukee, WI 53204

    Sponsored
    For Lease
    Contact for pricing

    Milwaukee Office Building - 10,490 SF Available

    Lot size:
    10,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,490 square foot office building, located at 315 S Water Street in Milwaukee's vibrant Third Ward/Walker's Point submarket, presents a unique leasing opportunity. Built in 1890 and extensively renovated in 2024, this Class B property offers a blend of historical charm and modern functionality. The building comprises two stories and features one building with five surface parking spaces. While there are no elevators, the building's layout is easily accessible. The entire 10,490 square feet is currently vacant and available for lease, offering flexibility for various business needs. Multiple tenancy options are available, with spaces ranging from a minimum of 4,634 square feet to a maximum contiguous space of 5,856 square feet. This prime location in Milwaukee County, Wisconsin (zip code 53204), provides excellent access to the city's amenities and transportation networks. The property's recent renovation ensures modern systems and finishes, creating an attractive and efficient workspace. This is an exceptional opportunity to secure a prominent location in a thriving Milwaukee neighborhood. Inquire today to learn more about this remarkable office space.

    Property Features for 315 Water St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,490 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1890/2024
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    office
    Size
    5,856 SF
    Space
    Warehouse
    Size
    4,634 SF

    HighLights

    • 10,490 SF Class B office building in Milwaukee's Third Ward/Walker's Point submarket.
    • Distinctive brick and beam building with extra warehouse space.
    • Excellent location near Milwaukee Public Market, Summerfest, lakefront, and Milwaukee Art Museum.
    • Surrounded by prominent businesses including Plunkett Raysich Architects, Next Act Theatre, and others.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.90674924
    Latitude
    43.02802293

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    FAQs

    What type of property is this?
    Office Property / Space - Milwaukee Office Building - 10,490 SF Available
    Where is this office property / space located?
    The property is located at 315 Water St Milwaukee, WI.
    What are key features of this property?
    This property features: 10,490 SF Class B office building in Milwaukee's Third Ward/Walker's Point submarket.; Distinctive brick and beam building with extra warehouse space.; Excellent location near Milwaukee Public Market, Summerfest, lakefront, and Milwaukee Art Museum.
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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
    315 Water St Milwaukee, WI 53204
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