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    215 Water St Milwaukee, WI 53202

    Sponsored
    For Lease
    $16 SF/Yr

    Milwaukee Creative Office Suites Available

    Lot size:
    26,109 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 26,109 square foot creative office building, constructed in 1906 and renovated in 2016, offers a unique opportunity in Milwaukee's vibrant Third Ward. The property features three suites, with 11,200 square feet currently vacant and divisible into spaces as small as 2,500 square feet, allowing for flexibility to accommodate various business needs. The building boasts five stories and seven parking spaces. A key advantage is its prime location, directly across from the Third Ward Parking Structure and offering convenient river access, including a potential boat slip. The fifth-floor suite includes a private mezzanine and rooftop patio. For a truly turnkey solution, some existing furniture and installed cabling are available. The smaller floor plates are ideal for single-floor occupancy, and there's potential to subdivide for tenants requiring approximately 2,000 square feet. This move-in ready space presents a rare chance to establish a presence in this highly sought-after Milwaukee neighborhood. The address is 215 N Water Street, Milwaukee, WI 53202, with a cross street of E Chicago Street.

    Property Features for 215 Water St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,109 SF
    Total Rate
    34812

    Building Details

    Year Built/Renovated
    1906/2016
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 300
    Size
    5,500 SF
    Rate per SF
    $17
    Space
    Suite 400
    Size
    5,500 SF
    Rate per SF
    $17
    Space
    Suite 500
    Size
    6,700 SF
    Rate per SF
    $17

    HighLights

    • 26,109 SF creative office building in Milwaukee's Third Ward.
    • Three suites available, with 11,200 SF currently vacant and divisible to 2,500 SF.
    • Five‑story building with seven parking spaces and prime location across from a parking structure.
    • River access with potential boat slip and fifth‑floor suite featuring a private mezzanine and rooftop patio.
    • Move‑in ready with some furniture and cabling available; located at 215 N Water Street, Milwaukee, WI 53202 (cross street: E Chicago Street).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dinvy, LLC Software Company Andrews Gordon T ... Doctor Vrad Nighthawk Medical Clinic Racon Capital Partners, ... Investment Service A Trio Jewelry Design ... Jewelry Store

    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
    -87.909302499179
    Latitude
    43.032977148253

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    FAQs

    What type of property is this?
    Office space - Milwaukee Creative Office Suites Available
    Where is this office space located?
    The property is located at 215 Water St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 26,109 SF creative office building in Milwaukee's Third Ward.; Three suites available, with 11,200 SF currently vacant and divisible to 2,500 SF.; Five-story building with seven parking spaces and prime location across from a parking structure.
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    215 Water St 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
    215 Water St Milwaukee, WI 53202
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