233-243 Water St Milwaukee, WI 53202
The Saddlery, located at 233-243 N Water St in Milwaukee, WI 53202, offers exceptional executive office and retail space in the vibrant Historic Third Ward. This Class B building boasts 56,368 square feet of total space, with 20,458 square feet currently vacant. Units range from a minimum of 238 square feet to a maximum contiguous space of 8,200 square feet, making it suitable for a variety of businesses. The building features attractive cream city brick, heavy timber construction, and high ceilings, creating a unique and desirable atmosphere. Its prime riverfront location provides stunning views, including riverwalk access and boat slips, offering tenants unparalleled access to the Milwaukee River and its scenic sunsets. The flexible space is ideal for various uses, including soft goods retail, cafes, bars, restaurants, event venues, salons, and wellness businesses. Multiple tenancy options are available. This exceptional property presents a rare opportunity to establish a presence in one of Milwaukee's most sought-after neighborhoods. Inquire today to explore the available spaces and envision your business thriving in this remarkable setting.
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
Similar Nearby for Lease
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.