Historic Restaurant & Office Building — Sale in Milwaukee, WI

  • Price: $1.3M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Milwaukee, WI 53202

Description

Retail Storefront / Office Building 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.

Market Context

This retail in Milwaukee, WI is listed for sale at $1,250,000. It has been on the market for 195 days. Compare it against other retail listings for sale in Milwaukee, WI — view the full market.

As of Q1 2026, the Milwaukee retail market showed a 0.3% vacancy rate, and rents up 3.3% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Milwaukee retail market tightening or softening?
Vacancy is around 0.3%, with asking rents rising year over year (Q1 2026).

Contact

Explore this market

Similar Retail Business for Sale in Milwaukee, WI