1652 Water St Milwaukee, WI 53202-2019
This exceptional 1,330 square foot retail space is situated in a prime downtown Milwaukee location at 1652 N Water St, Milwaukee, WI 53202. The property is part of an existing commercial building and offers a single-tenant occupancy within a vibrant, densely populated, and walkable area. The space is ideal for a restaurant, given its existing infrastructure and convenient access to a nearby food truck court, providing additional opportunities for synergy and customer engagement. The entire 1,330 square feet is currently vacant and ready for immediate occupancy. This ground-floor space presents a unique opportunity for businesses seeking high visibility and foot traffic in a bustling Milwaukee neighborhood. The property is located in Milwaukee County, Wisconsin, and offers a single-story layout, making it easily accessible and manageable. In addition to the retail space, the property owners are also actively seeking food truck tenants to complement the existing retail offering. This creates a potential for a collaborative and mutually beneficial business environment.
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Señor Gordito's Restaurant
295-909. Redevelopment District (RED). 1. PURPOSE. The redevelopment district is established to provide a zoning context that may be applied to areas of the city where the common council has adopted a development plan, as defined by s. 66.1301(3)(g), Wis. Stats., or a redevelopment plan, as defined by s. 66.1331(3)(Lm), Wis. Stats., and the plan includes spe…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
RED · Milwaukee, WI295-909. Redevelopment District (RED). 1. PURPOSE. The redevelopment district is established to provide a zoning context that may be applied to areas of the city where the common council has adopted a development plan, as defined by s. 66.1301(3)(g), Wis. Stats., or a redevelopment plan, as defined by s. 66.1331(3)(Lm), Wis. Stats., and the plan includes specific regulations for the use, development and design of properties and structures within its boundaries. The redevelopment district shall be shown on the zoning map with a “RED” designator. 2. USES. Permitted, limited, special, conditional and prohibited uses for property in a redevelopment district shall be as indicated in the redevelopment plan for that district. 3. DESIGN STANDARDS. The principal building design standards, accessory building design standards and site design standards for property in a redevelopment district shall be as indicated in the redevelopment plan for that district. If design standards are not specified or included in redevelopment plans, namely, in the plans of the park east redevelopment district and the beerline redevelopment district, the design standards shall be as follows: a. Signage. See signage requirements for the C9B district in subch.7. b. Landscaping. See parking lot landscaping requirements for the C9B district in subch 4. 4. OTHER REGULATIONS. All regulations of this chapter other than use regulations and design standards shall apply in a redevelopment district. [Pages 923 to 930 are blank.] Zoning 295-1001 -931- 6/18/2019 SUBCHAPTER 10 OVERLAY ZONES 295-1001. Overlay Zone Purposes. Overlay zones are intended to identify areas of the city that have unique qualities requiring special treatment or locations where special approaches to development may be warranted. Overlay zone designations are intended to protect these areas from incompatible development or to establish development standards which will ensure that new developments will not adversely affect surrounding areas. Overlay zones may add new standards over and above those of any base or underlying zoning district except a planned development district. They may also alter the standards of any base zoning district except a planned development district. 295-1003. Neighborhood Conservation Overlay Zone (NC). 1. PURPOSE. The neighborhood conservation overlay zone is intended to provide a vehicle to initiate and implement programs for the revitalization or conservation of older areas or districts possessing distinctive features, identity, or character worthy of retention and enhancement.
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.
