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(414) KEY-0000
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(414) KEY-0000
MLS# 1937302 - 524 N Water St Milwaukee, WI 53202
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. Currently fully leased, this building 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.

Inland Real Estate Partners, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Multiple Listing Service, Inc. All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Modern MilwauKey Real Estate LLC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Modern MilwauKey Real Estate LLC, a broker participant of the Multiple Listing Service, Inc. Data Source: MetroMLS | Data last updated at Oct 1 2025 9:31AM.

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. Currently fully leased, this building 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.

Inland Real Estate Partners, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Multiple Listing Service, Inc. All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Modern MilwauKey Real Estate LLC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Modern MilwauKey Real Estate LLC, a broker participant of the Multiple Listing Service, Inc. Data Source: MetroMLS | Data last updated at Oct 1 2025 9:31AM.