1154 Water St Milwaukee, WI 53202
This exceptional 8,253-square-foot retail space, located at 1154 North Water Street in Milwaukee, Wisconsin, presents a unique opportunity for a discerning business owner. Situated in the vibrant Water Street entertainment district, this former Chicago-style pizza restaurant boasts high visibility and significant street presence. The property features a spacious layout ideal for a sit-down casual dining establishment, including a large horseshoe-shaped bar, an attractive private dining room, and a dedicated takeout/curbside delivery area. Ample outdoor space allows for the possibility of a sidewalk café. The building offers 20 parking spaces for customer convenience. The property is currently vacant and ready for immediate occupancy. The space is equipped with robust power, including 400 Amp 480v 3-phase and 270v single-phase power, ensuring sufficient capacity for a variety of business needs. Located in Milwaukee County, Wisconsin, zip code 53202, this property is ideally positioned within a thriving commercial district, offering excellent access to a large customer base. This is a rare opportunity to establish a successful business in a highly desirable location. The property's previous use as a popular restaurant provides a solid foundation for a variety of potential concepts.
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.