215 N Water St Milwaukee, WI 53202
For Lease
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This exceptional 26,109 square foot creative office building, constructed in 1906 and renovated in 2016, offers a unique opportunity in Milwaukee's vibrant Third Ward. The property features three suites, with 11,200 square feet currently vacant and divisible into spaces as small as 2,500 square feet, allowing for flexibility to accommodate various business needs. The building boasts five stories and seven parking spaces. A key advantage is its prime location, directly across from the Third Ward Parking Structure and offering convenient river access, including a potential boat slip. The fifth-floor suite includes a private mezzanine and rooftop patio. For a truly turnkey solution, some existing furniture and installed cabling are available. The smaller floor plates are ideal for single-floor occupancy, and there's potential to subdivide for tenants requiring approximately 2,000 square feet. This move-in ready space presents a rare chance to establish a presence in this highly sought-after Milwaukee neighborhood. The address is 215 N Water Street, Milwaukee, WI 53202, with a cross street of E Chicago Street.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C9G · Milwaukee, WIMilwaukee. Always verify with local authorities before improvements.
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.