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    Property profile & analytics

    1661 Water St Milwaukee, WI 53202

    • Office buildings
    • 41,975 SF
    • 0.87 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US92-0896044
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Danceworks, Inc. / Dance School / Dance Company
    • Grieve Law Criminal Defense – Milwaukee, WI / Criminal Justice Attorney / Law Firm
    • The Giersch Group Bookkeeping & Consulting Services / Financial Consultant / Payroll Service
    • Inner Compass Counseling, LLC / Psychotherapist
    • Volunteers of America / Non-Profit Organization / Charity

    Property Details for 1661 Water St

    Year built
    1910
    Lot size
    0.87 lot acres
    Property size
    41,975 SF
    Zone code
    C9G
    Property type
    Office buildings
    APN
    360-1362-000
    APU
    3601362000

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9057
    Latitude
    43.0527
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $51,144
    $1,647,100
    $500,900
    $2,148,000
    -
    $1,647,100
    $500,900
    $2,148,000

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    1661 Water St
    Milwaukee, WI 53202
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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
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