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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

108 Wells St Milwaukee, WI 53203

6,250 SF Built 1897
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1897
Total area 6,250 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stackner Cabaret Theater & Performing Art Venue
  • Stiemke Studio Theater & Performing Art Venue
  • DaVinci Media Electronics & Wireless Store
  • Quadracci Powerhouse Theater & Performing Art Venue
  • Wisconsin State Historical Marker 57: Oneida Street Station Tour Operator
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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