Property summary
This exceptional 10,490 square foot office building, located at 315 S Water Street in Milwaukee's vibrant Third Ward/Walker's Point submarket, presents a unique leasing opportunity. Built in 1890 and extensively renovated in 2024, this Class B property offers a blend of historical charm and modern functionality. The building comprises two stories and features one building with five surface parking spaces. While there are no elevators, the building's layout is easily accessible. The entire 10,490 square feet is currently vacant and available for lease, offering flexibility for various business needs. Multiple tenancy options are available, with spaces ranging from a minimum of 4,634 square feet to a maximum contiguous space of 5,856 square feet. This prime location in Milwaukee County, Wisconsin (zip code 53204), provides excellent access to the city's amenities and transportation networks. The property's recent renovation ensures modern systems and finishes, creating an attractive and efficient workspace. This is an exceptional opportunity to secure a prominent location in a thriving Milwaukee neighborhood. Inquire today to learn more about this remarkable office space.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Industrial-Mixed IM none 8 Industrial-Heavy IH I/A125 and I/B/85 8 Special Districts and Overlay Zones Parks PK none 9 Institutional TL all T districts 9 Planned Development PD and DPD GPD and DPD 9 Redevelopment RED non…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IM · Milwaukee, WIIndustrial-Mixed IM none 8 Industrial-Heavy IH I/A125 and I/B/85 8 Special Districts and Overlay Zones Parks PK none 9 Institutional TL all T districts 9 Planned Development PD and DPD GPD and DPD 9 Redevelopment RED non…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Industrial-Mixed IM none 8 Industrial-Heavy IH I/A125 and I/B/85 8 Special Districts and Overlay Zones Parks PK none 9 Institutional TL all T districts 9 Planned Development PD and DPD GPD and DPD 9 Redevelopment RED non…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IM in Milwaukee, WI.
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