Property profile

315 Water St Milwaukee, WI 53204

OFF-MARKET
Warehouses
Property ID
US92-0631021
10,846 SF 0.16 ac lot Built 1890
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1890
Total area 10,846 SF
Lot 0.16 ac (6,996 SF)
Zoning code IM
APN 429-0482-000
UPID US92-0631021

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

315 Water St Milwaukee, WI 53204-1453
Milwaukee metro Census 187400 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2025
Last sale
$1.4M
1 recorded transaction
2025
$1.4M

Zoning & alternative use

IM · Milwaukee, WI
Zoning description

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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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