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Historic Third Ward Retail Space
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233-243 N Water St, Milwaukee, WI 53202

Retail space in Historic Third Ward with riverfront access.

Space Size238 SF - 2,954 SF
Property Size56,368 SF
Days on Market2933

Property Features for 233-243 N Water St

General Information

Standard status Active
Size 238 SF - 2,954 SF
Class B
Property subtype Retail, Office
Lease Type Modified Gross

Building Details

Building Size 56,368 SF
Tenancy Multiple

Spaces For Lease

at 233-243 N Water St Contact us

2nd Floor

Size
2,191 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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3rd Floor

Size
1,547 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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3rd Floor

Size
1,952 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

3rd Floor

Size
238 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

3rd Floor

Size
2,954 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Retail - 1st Floor - Full Floor

Type
Office
Availability
Active
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River Level - Retail

Size
915 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Transwestern Milwaukee
Listed By: Marianne Burish · License #56491-90
Source: Crexi
Added: Aug 1, 2018 Changed: Aug 8 Last Checked: Aug 10 at 11:49AM

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 Transwestern Milwaukee

Investment Insights

Based on property information with market context.

Located in the Historic Third Ward, this retail space features cream city brick and heavy timber construction. The property boasts high ceilings, boat slips, and access to the riverfront and riverwalk. It offers views and sunset exposure. This space is suitable for various uses, including soft goods retail stores, small cafes, bars, restaurants, event venues, and salon or wellness businesses.

Key Highlights

  • Riverfront & Riverwalk location with big views and sunsets.
  • Boat slips included.
  • Located in the Historic Third Ward.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Buffet Carpet & Flooring 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.

Lease Details

NNN (Triple Net)
Lease Type
$3.38 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,632
Businesses Nearby

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

Market

Lease Benchmarks for Milwaukee, WI

$15.22 /SF/Yr
Avg Asking Price
$8–$20.07 /SF/Yr
Price Range
8,602 SF
Avg Space Size

This space is priced 48% above the average of $15.22 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in Historic Third Ward with riverfront access.
Where is this retail space located?
The property is located at 233-243 N Water St Milwaukee, WI.
What is the lease rate?
The lease rate is $22.50 SF/Yr.
What are key features of this property?
This property features: Riverfront & Riverwalk location with big views and sunsets.; Boat slips included.; Located in the Historic Third Ward.
(414) 270-4109 Call to check price and availability
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