524 N Water St
Milwaukee, WI 53202
Retail Property For Sale

Colliers | Wisconsin is pleased to present a rare opportunity to acquire 524 N Water Street, a well-maintained, fully occupied mixed-use property located in the heart of Downtown Milwaukee. Comprised of approximately 8,800 square feet, the building features three retail units and three upper-level multifamily apartments, offering a balanced and diversified income stream across both residential and commercial tenancy.
Ideally positioned along the highly trafficked Water Street corridor, the property benefits from exceptional visibility and walkability, with a Walk Score of 95, placing it within immediate proximity to major downtown attractions, office buildings, nightlife, public transportation, and the Milwaukee Riverwalk. This location continues to experience strong demand from both residential tenants seeking an urban lifestyle and commercial tenants looking to capitalize on the downtown foot traffic and local economic vitality.
Currently at 100% occupancy, 524 N Water Street offers investors in-place cash flow with value-add potential through rental upside on the residential units, which are currently leased below market rates. The retail units are leased to a diverse mix of tenants, minimizing risk and ensuring long-term income stability. The building’s flexible layout, strong physical condition, and premier location make it a turnkey investment with both immediate yield and long-term appreciation potential.
This asset is ideal for investors seeking a stable, income-producing property with upside potential in one of Milwaukee’s most sought-after and strategically important urban corridors.