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James Conroy Building 725-729 N Milwaukee St 20,605 SF 69% Leased Retail Building Milwaukee, WI 53202 $3,300,000 ($160.16/SF)

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Investment Highlights

Prime downtown Milwaukee location, one block from the historic Pfister hotel.
Potential for upper level residential conversion.
Option for restaurant tenant leaseback ($96K/yr).

Historic downtown building with turnkey restaurant & upper level office/retail space.
Current bar/nightclub tenant ($120K/yr).
Rare parking opportunity in rear (4-5 cars).

Executive Summary

Located in the heart of Milwaukee’s historic downtown, this stand-alone 3.5-story building offers a rare opportunity for investors or owner-occupiers. Spanning approximately 20,605 SF on a 0.17-acre lot, the property features a turnkey, renovated restaurant space on the main level and versatile upper-level office or retail space, with potential for residential conversion. Built in 1881, the building combines historic charm with modern updates, including a new EPDM roof installed in 2021. Highlights include prime proximity—just one block from the iconic Pfister Hotel—rare rear parking for 4–5 vehicles, and income potential with a current bar/nightclub tenant generating $120K annually, plus an option for a restaurant leaseback at $96K annually. Offered at $3,300,000, this property is ideal for those seeking a vibrant downtown location with multiple revenue streams and future development possibilities.

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

20,605 SF

Building Class

Year Built

1881

Price

$3,300,000

Price Per SF

$160.16

Percent Leased

69%

Tenancy

Multiple

Building Height

4 Stories

Building FAR

2.78

Lot Size

0.17 AC

Zoning

C9F(C) - Office and Service District

Parking

5 Spaces (0.31 Spaces per 1,000 SF Leased)

Frontage

68’ on Milwaukee St

Bus Line

Signage

Space Availability

Space
Size
Space Use
Position
Available

2nd Floor
2,000 SF
Office/Retail
-
Now

725-729 N Milwaukee St, Milwaukee, WI for sale Interior Photo- Image 1 of 3 — Interior Photo

725-729 N Milwaukee St, Milwaukee, WI for sale Interior Photo- Image 2 of 3 — Interior Photo

725-729 N Milwaukee St, Milwaukee, WI for sale Floor Plan- Image 3 of 3 — Floor Plan

Second Floor. $2,000/month (Gross). As-Is Condition. Approximately 2,000SF. Combined with Third Floor $4,000/month (6,300SF). Street entrance to grand staircase. No elevator. Large windows. Kitchen. Office/Retail/Medical use. Located in Downtown Milwaukee's Central Business & Entertainment District, steps from The Pfister Hotel. Please contact for additional information. Bell Super LLC

3rd Floor
4,300 SF
Office/Retail
-
Now

725-729 N Milwaukee St, Milwaukee, WI for sale Floor Plan- Image 1 of 1 — Floor Plan

Third Floor. $2,000/month (Gross). As-Is Condition. Approximately 4,300SF. Combined with Second Floor $4,000/month (6,300SF). Street entrance to grand staircase. No elevator. Large windows. Sauna and steam shower. Office/Retail/Medical use. Located in Downtown Milwaukee's Central Business & Entertainment District, steps from The Pfister Hotel. Please contact for additional information. Bell Super LLC