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    1661 Water St Milwaukee, WI 53202

    Sponsored
    For Lease
    $10 SF/Yr

    Historic building, flexible suites, prime location.

    Lot size:
    41,975 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Northern Lights Building, located at 1661 N Water St in Milwaukee, WI 53202, offers exceptional office space in a beautifully restored historic building. This Class B property, built in 1910, boasts 41,975 total square feet spread across five stories. Currently, 3,945 square feet of space is available, divisible into units ranging from 600 to 2,278 contiguous square feet, perfect for a variety of businesses. The building features multiple tenancies, allowing for flexibility in lease terms and space configurations. Enjoy the unique character of creative loft spaces with exposed brick and timber, complemented by abundant natural light. The convenient Water Street location offers easy access to downtown Milwaukee, along with off-street parking, and is within walking distance of numerous restaurants and shops. Enjoy stunning river and city views from this desirable location. The 0.87-acre lot is zoned C9G, and the property's APN is 3601362000. This Milwaukee County property presents a rare opportunity to lease in a historic building with modern amenities and a prime location. The building consists of one structure.

    Property Features for 1661 Water St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,975 SF
    Class
    B
    Total Rate
    36728.13

    Building Details

    Year Built
    1910
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Floor 3, Suite 300
    Size
    1,590 SF
    Rate per SF
    $10
    Space
    Floor 2, Suite 207
    Size
    1,050 SF
    Rate per SF
    $10
    Space
    Floor 2, Suite 210
    Size
    705 SF
    Rate per SF
    $10
    Space
    Floor 4, Suite 400
    Size
    654 SF
    Rate per SF
    $10
    Space
    Floor 5, Suite 508
    Size
    961 SF
    Rate per SF
    $10

    HighLights

    • Creative loft office space with exposed brick and timber.
    • Abundant natural light throughout.
    • Prime Water Street location, near downtown Milwaukee.
    • On‑site parking available.
    • Walking distance to restaurants and shops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Danceworks, Inc. Dance School Grieve Law Criminal ... Criminal Justice Attorney The Giersch Group Bookkeeping ... Business Management Consultant Inner Compass Counseling, ... Psychotherapist Volunteers of America Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9058583
    Latitude
    43.0523283

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    FAQs

    What type of property is this?
    Office space - Historic building, flexible suites, prime location.
    Where is this office space located?
    The property is located at 1661 Water St Milwaukee, WI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Creative loft office space with exposed brick and timber.; Abundant natural light throughout.; Prime Water Street location, near downtown Milwaukee.
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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
    1661 Water St Milwaukee, WI 53202
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