315 Water St Milwaukee, WI 53204-1453
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.
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
IM · 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.