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Restaurant / Riverview Offices 1245-1247 N Water St 12,566 SF Retail Building Milwaukee, WI 53202 $1,250,000 ($99.47/SF)
Investment Highlights
- Situated at a lighted intersection
- Additional parking opportunity for sale nearby - Contact Broker
- 5 surface parking spaces
Executive Summary
Located at 1245-1247 N Water Street in Milwaukee, Wisconsin, this property features first floor restaurant space with office space on the top three floors, totaling 12,566 square feet. Constructed in 1890, the building showcases Romanesque Revival architectural elements, with its original Cream City brick facade largely intact. This excellent downtown location provides walking access to numerous restaurants, entertainment venues, and the Milwaukee Riverwalk.
• Situated at the lighted intersection of N Water Street & E Knapp Street
• Additional Parking Opportunity - The parking lot at 1233 N Water Street just to the south of the building is also for sale. Contact Broker for details.
Building Size: 12,566 SF
Lot Size: 0.11 Acre
Stories: 4
Parking Spaces: 5 - Surface
Year Built: 1890
Zoning: RED - Redevelopment Zoning District
Parcel ID: 39221310008
• Situated at the lighted intersection of N Water Street & E Knapp Street
• Additional Parking Opportunity - The parking lot at 1233 N Water Street just to the south of the building is also for sale. Contact Broker for details.
Building Size: 12,566 SF
Lot Size: 0.11 Acre
Stories: 4
Parking Spaces: 5 - Surface
Year Built: 1890
Zoning: RED - Redevelopment Zoning District
Parcel ID: 39221310008
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
12,566 SF
Building Class
C
Year Built
1890
Price
$1,250,000
Price Per SF
$99.47
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
12’
Building FAR
2.62
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
RED - Redevelopment Zoning District
Parking
5 Spaces (0.4 Spaces per 1,000 SF Leased)
Frontage
30’ on N Water St
Amenities
- Signalized Intersection
- Air Conditioning
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 392-2131-000-8 | Improvements Assessment | $1,361,000 (2024) |
| Land Assessment | $241,100 (2024) | Total Assessment | $1,602,100 (2024) |
Property Taxes
Parcel Number
392-2131-000-8
Land Assessment
$241,100 (2024)
Improvements Assessment
$1,361,000 (2024)
Total Assessment
$1,602,100 (2024)
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Restaurant / Riverview Offices | 1245-1247 N Water St
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