333 N Water St, Milwaukee, WI 53202
For Lease
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This iconic, Class A, 31-story building at 333 Water Street offers unparalleled retail opportunities in Milwaukee's coveted Third Ward. Boasting 327,352 square feet, this 2023-built structure provides three distinct retail spaces ranging from 1,621 to 5,175 contiguous square feet, totaling 10,052 square feet. Each space features a stunning 15-foot-clear, modern glass storefront along Water Street, maximizing visibility and attracting high-end clientele. The building's prime location offers direct access to the newly renovated Milwaukee Riverwalk via St. Paul Avenue, providing unique outdoor patio space for tenants. This exceptional property benefits from its proximity to the Milwaukee Public Market and is surrounded by a highly affluent residential population; the average household income in the Third Ward exceeds $150,000, with a significant percentage earning over $200,000. The building also includes 550 parking spaces and elevators for tenant and customer convenience. Retail spaces are available for occupancy beginning February 2024. This is a rare opportunity to establish a presence in Wisconsin's premier shopping destination, within a building that serves a large, captive residential market of 333 units (delivery beginning May 2024). Don't miss this chance to be part of Milwaukee's most dynamic retail scene.
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333 Water Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.