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    1693 Water St Milwaukee, WI 53202

    Sponsored
    For Sale
    $6,500,000

    Prime 2.66-acre development site. Riverfront views, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.66-acre parcel presents a unique opportunity for developers seeking a prime location in Milwaukee, Wisconsin. Situated at 1693 N Water St, this property boasts over 560 feet of stunning Milwaukee River frontage, offering unparalleled views of the city skyline. Its strategic location places it within easy walking distance of popular destinations such as the Milwaukee Hop streetcar system, Brady Street's vibrant entertainment district, and the heart of the Central Business District. The surrounding area has experienced significant recent growth, with thousands of new residential units constructed within a half-mile radius, creating a thriving and densely populated neighborhood. This high-demand location, combined with the expansive lot size and exceptional riverfront access, makes this property ideally suited for a variety of mixed-use developments, catering to both residential and commercial needs. The property is zoned for commercial and residential use and is listed at $6,500,000. This is a rare chance to acquire a truly exceptional development site in a rapidly growing area of Milwaukee. The property's address is 1693 N Water St, Milwaukee, WI 53202.

    Property Features for 1693 Water St

    General Information

    Property type
    Land
    Lot Size
    115,870 SF

    HighLights

    • $6,500,000 asking price.
    • 2.66‑acre land parcel.
    • Prime Milwaukee Riverfront location with over 560 feet of frontage.
    • Blocks from the Milwaukee Hop streetcar, Brady Street, and the Central Business District.
    • Surrounded by thousands of recently constructed residential units.
    • Exceptional views of the Milwaukee downtown skyline.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.90517
    Latitude
    43.05291

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    FAQs

    What type of property is this?
    Land - Prime 2.66-acre development site. Riverfront views, ideal location.
    Where is this land located?
    The property is located at 1693 Water St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: $6,500,000 asking price.; 2.66-acre land parcel.; Prime Milwaukee Riverfront location with over 560 feet of frontage.
    Request Owner's contact information
    1693 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
    1693 Water St Milwaukee, WI 53202
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