108 Wells St Milwaukee, WI 53203
This exceptional retail condominium opportunity presents a unique investment in Milwaukee's vibrant Westown area. The Cawker Building, a historic five-story structure built in 1897, offers 6,250 square feet of prime retail space, currently configured as a former restaurant and pharmacy. The property boasts a highly desirable riverfront location with direct access to the Milwaukee Riverwalk, enhancing visibility and attracting foot traffic. The first-floor retail space includes a 16-foot hood system, perfect for a restaurant or similar business, and an outdoor patio overlooking the river. Above the retail space are 17 residential units, providing additional income potential. The building's location offers unparalleled walkability to key attractions, including the Baird Center, Milwaukee's Theatre District, and The Deer District. Convenient access to major highways (I-43, I-794, and I-94) further enhances its appeal. The asking price is $500,000, translating to $80 per square foot. This is a rare chance to acquire a piece of Milwaukee history with significant upside potential. The property consists of two units within one building.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.