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Financial
Distress signals
Property profile

215 Water St Milwaukee, WI 53202

OFF-MARKET
Other warehouses
Property ID
US92-0002768
27,530 SF 0.13 ac lot Built 1906
Last sale Dec 2025 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Commercial space located in Milwaukee’s Third Ward, within the central district directly across from the Third Ward Parking Structure with access to the Riverwalk. The interior configuration supports smaller floor plates suitable for full-floor use and the building can be divided to accommodate tenants requiring approximately 2,000 square feet. The property includes direct river access and provides an associated boat slip. Existing cabling infrastructure is installed, and some furnishings may be present.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$114k
Tax billed · 2023
Assessed value$4.52M
Assessed land$166k
Assessed improvement$4.35M
Effective rate2.53%

Value estimate

· Oct 2026
$1.54M
$1.38M – $1.69M
CAP approach$1.88M
Submarket $/SF estimate$1.21M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$24 – $83
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C9G
JurisdictionMILWAUKEE

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.2
Laundromat8.1
Locksmith8.0

Location

215 Water St Milwaukee, WI 53202-6055
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
159 Broadway, Milwaukee, WI 53202-6014 $2,141,600 Sep 2024 10,935 SF
225 229th N Water, Milwaukee, WI 53202 $3,612,500 May 2024 32,000 SF
1617 1633rd En, Milwaukee, WI 53202-1034 $600,000 Jan 2024 29,076 SF
1518 En, Milwaukee, WI 53202 $1,100,000 Jul 2022 18,586 SF
223 Water, Milwaukee, WI 53202-5771 $1,930,000 Nov 2019 19,440 SF
125 129th N Water, Milwaukee, WI 53202 $3,325,000 May 2019 39,960 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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