1114 Water StMilwaukee, WI 53202

Property Details for 1114 Water St

Year built

1910

Lot size

0.39 AC

Property size (Sq ft)

12,778 SF

Zone code

C9B(A)

Property type

Retail properties

Property subtype

Turn key restaurants

APN

392-2572-100

APU

3922572100

Description

This exceptional Milwaukee property, located at 1114 N Water Street, presents a unique investment opportunity. The building, constructed in 1910 and extensively renovated in 2016, boasts a total of 11,332 square feet across two stories. Currently configured as a mixed-use space encompassing both office and restaurant components, it offers a versatile layout adaptable to various business needs. A significant 2,500 square feet of space is currently vacant, providing immediate potential for expansion or new tenancy. The property sits on a 0.4-acre lot in the desirable Milwaukee County, Wisconsin, zip code 53202, offering excellent visibility and accessibility. Its prime waterfront location in Milwaukee provides unparalleled exposure and attracts a high volume of foot traffic. The building's blend of historic charm and modern updates creates a unique and attractive environment for businesses seeking a distinctive presence. The multiple tenancy structure allows for diverse income streams and flexible occupancy arrangements. This is an exceptional opportunity to acquire a well-maintained, historically significant commercial property in a thriving Milwaukee location. The property's size, location, and recent renovations make it an ideal investment for both established businesses and new ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $3,391,613

  6.5%

  $3,130,720

  7%

  $2,907,097

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,269,104

  Geo Method

  $4,194,123

• Alternative Use

  Use

  Valuation

  Residential

  $2,640,879

  Hospitality

  $2,419,031

  Educational

  $2,012,605

  Medical

  $2,081,822

  Retail

  $3,130,720

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.045

Longitude

-87.9106

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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