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A-Werner Silversmiths 1241 N Water St 3,520 SF Vacant Retail Building Milwaukee, WI 53202 For Sale
Executive Summary
Prime Milwaukee Riverfront Redevelopment Opportunity
Exceptional redevelopment opportunity in the heart of Milwaukee's vibrant downtown entertainment district. Located at 1241 N. Water Street, this highly visible property offers endless possibilities for investors, developers, restaurateurs, and hospitality operators.
Formerly home to a silversmith shop, the building has been taken down to the studs and was in the process of being transformed into a bar and entertainment venue. Existing improvements provide a blank canvas for a variety of commercial uses including restaurant, tavern, nightclub, retail, office, mixed-use development, or creative adaptive reuse.
The ownership is flexible and open to multiple scenarios, including:
• Purchase and complete the existing redevelopment concept
• Long-term lease for a qualified operator
• Redevelopment or repositioning for an alternative commercial use
• Potential tear-down and build-to-suit opportunity subject to municipal approvals
Positioned on one of Milwaukee's most recognizable entertainment corridors, the property benefits from exceptional visibility, strong pedestrian traffic, nearby residential density, and convenient access to downtown attractions, nightlife, hotels, and major employers.
This is a rare opportunity to secure a premier Water Street location with flexible acquisition and development options. Ownership is inviting qualified buyers, tenants, and developers to submit proposals and offers.
Recent improvements include a tear off roof with new plywood sheathing.
Exceptional redevelopment opportunity in the heart of Milwaukee's vibrant downtown entertainment district. Located at 1241 N. Water Street, this highly visible property offers endless possibilities for investors, developers, restaurateurs, and hospitality operators.
Formerly home to a silversmith shop, the building has been taken down to the studs and was in the process of being transformed into a bar and entertainment venue. Existing improvements provide a blank canvas for a variety of commercial uses including restaurant, tavern, nightclub, retail, office, mixed-use development, or creative adaptive reuse.
The ownership is flexible and open to multiple scenarios, including:
• Purchase and complete the existing redevelopment concept
• Long-term lease for a qualified operator
• Redevelopment or repositioning for an alternative commercial use
• Potential tear-down and build-to-suit opportunity subject to municipal approvals
Positioned on one of Milwaukee's most recognizable entertainment corridors, the property benefits from exceptional visibility, strong pedestrian traffic, nearby residential density, and convenient access to downtown attractions, nightlife, hotels, and major employers.
This is a rare opportunity to secure a premier Water Street location with flexible acquisition and development options. Ownership is inviting qualified buyers, tenants, and developers to submit proposals and offers.
Recent improvements include a tear off roof with new plywood sheathing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,520 SF
Building Class
C
Year Built
1895
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.46
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C9BA - RED
Parking
4 Spaces (4.26 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- A-werner Silversmiths
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| A-werner Silversmiths | Manufacturing | - | - | - |
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 392-2132-000-3 | Improvements Assessment | $86,600 |
| Land Assessment | $120,500 | Total Assessment | $207,100 |
Property Taxes
Parcel Number
392-2132-000-3
Land Assessment
$120,500
Improvements Assessment
$86,600
Total Assessment
$207,100
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A-Werner Silversmiths | 1241 N Water St