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    233-243 Water St Milwaukee, WI 53202

    For Lease
    $22 SF/Yr

    Historic Third Ward Executive Suites Available

    Lot size:
    56,368 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Saddlery, located at 233-243 N Water St in Milwaukee, WI 53202, offers exceptional executive office and retail space in the vibrant Historic Third Ward. This Class B building boasts 56,368 square feet of total space, with 20,458 square feet currently vacant. Units range from a minimum of 238 square feet to a maximum contiguous space of 8,200 square feet, making it suitable for a variety of businesses. The building features attractive cream city brick, heavy timber construction, and high ceilings, creating a unique and desirable atmosphere. Its prime riverfront location provides stunning views, including riverwalk access and boat slips, offering tenants unparalleled access to the Milwaukee River and its scenic sunsets. The flexible space is ideal for various uses, including soft goods retail, cafes, bars, restaurants, event venues, salons, and wellness businesses. Multiple tenancy options are available. This exceptional property presents a rare opportunity to establish a presence in one of Milwaukee's most sought-after neighborhoods. Inquire today to explore the available spaces and envision your business thriving in this remarkable setting.

    Property Features for 233-243 Water St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,368 SF
    Class
    B
    Total Rate
    105690

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    1,547 SF
    Rate per SF
    $25
    Space
    5th Floor – Suite 502
    Size
    2,461 SF
    Rate per SF
    $28
    Space
    2nd Floor
    Size
    2,191 SF
    Rate per SF
    $25
    Space
    River Level - Retail
    Size
    915 SF
    Space
    3rd Floor
    Size
    238 SF
    Rate per SF
    $25
    Space
    3rd Floor
    Size
    2,954 SF
    Rate per SF
    $25
    Space
    3rd Floor
    Size
    1,952 SF
    Rate per SF
    $25
    Space
    Retail - 1st Floor - Full Floor
    Size
    8,200 SF

    HighLights

    • Limited underground parking; 1⁄2 block from city parking structure.
    • High‑speed internet access via TWC, AT&T, Earthlink, and TDS.
    • Prime Historic Third Ward location, walkable to numerous amenities.
    • Riverfront deck and patio, with existing infrastructure for food service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Daycare Center Building Supply Kitchen & Bath Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9095455
    Latitude
    43.0333871

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    FAQs

    What type of property is this?
    Office space - Historic Third Ward Executive Suites Available
    Where is this office space located?
    The property is located at 233-243 Water St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $0.00-$28 SF/Yr.
    What are key features of this property?
    This property features: Limited underground parking; 1⁄2 block from city parking structure.; High-speed internet access via TWC, AT&T, Earthlink, and TDS.; Prime Historic Third Ward location, walkable to numerous amenities.
    Request Owner's contact information
    233-243 Water St Milwaukee, WI 53202
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    Milwaukee, WI 53202
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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
    233-243 Water St Milwaukee, WI 53202
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