532 N Water St, Milwaukee, WI 53202 - Photo 1

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$3,500 Just Listed

For Sale
Active
Retail
2,200 Sq. Ft.
Updated 6 days ago

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Property Description

Prime Commercial Space on N. Water Street! Outstanding 2,200 SF ground-floor retail/office space located within a mixed-use residential building in one of Milwaukee's most vibrant neighborhoods. Featuring hardwood floors, exposed Cream City brick, two restrooms, and abundant character, this white-box-ready space offers the flexibility to bring your vision to life. Ideal for professional offices, boutique retail, specialty grocery, wellness concepts, spa services, fitness studios, or creative workspaces. Benefit from a built-in residential customer base, strong neighborhood presence, and a highly adaptable floor plan. A rare opportunity to establish your business in a thriving urban location.

Full Property Details

Full Property Details for 532 N Water St

General

Price: $3,500
Taxes: $27,003 (2025)
Status: Active
Type: Retail
Source: MetroMLS_Milwaukee_Wirex
MLS ID: 1983433
Updated: 10/5/2026
Added to Site: 6 day(s) ago

Additional Information

Other Features: 220-Volt Power, Display Window, Elevator, Restrooms

Location

Municipality: City
County: Milwaukee
Driving Directions: Wisconsin Avenue east to Water Street, south on Water Street to property address.
Dist. to Freeway: Less than 1 Mile
Location Details: Business District, Near Public Transit

Heating & Cooling

Heating/Cooling: Hot Water/Steam

Utilities

Water/Sewer: Municipal Sewer

Structural Information

Structure Type: Office(s), Professional Service, Recreation, Retail, Special Purpose
Exterior Const.: Brick
Basement Desc.: None
Roof: Rubber
Ceiling Height: 11 to 15 Feet
Drive-In Clearance: No Truck Door
Stories Description: 1
Square Feet: 2,200
Year Built: 1875

Lot Features

Lot Size (Acres): 0.11
Frontage: High Visibility, Near Public Transit, Town/City Road
Zoning: C9F(A)

Financial Considerations

For Sale/Rent/Lease: For Lease Only
Tax Amount: $27,003
Tax Year: 2025

Listed by Kendrix Realtors

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Schools

Schools serving 532 N Water St

School District:Milwaukee School District

Name	Grades	Distance
Cass Street School 1647 North Cass Street, Milwaukee, WI 53202	PK-8	1.1 mi
Golda Meir School 1615 North Doctor Martin Luther King Junior Drive, Milwaukee, WI 53212	3-8	1.1 mi
Elm Creative Arts Elementary School 900 West Walnut Street, Milwaukee, WI 53205	PK-5	1.3 mi
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202	6-8	0.8 mi
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205	6-8	1.3 mi
Rufus King International Middle School 121 East Hadley Street, Milwaukee, WI 53212	6-8	2.2 mi
Bradley Technology & Trade High School 700 South 4th Street, Milwaukee, WI 53204	9-12	0.9 mi
Milwaukee High School of the Arts 2300 West Highland Avenue, Milwaukee, WI 53233	9-12	1.8 mi
Riverside University High School 1615 East Locust Street, Milwaukee, WI 53211	9-12	2.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 532 N Water St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/05/2026

Listed

$3,500

-99.1%

MLS

11/20/2020

Sold

$390,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 532 N Water St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$31,320

-12%

$1,226,900

2024

$35,682

$1,177,900

19%

2023

$32,906

40%

$986,300

—

2022

$23,484

-17%

$986,300

2021

$28,223

15%

$938,200

2019

$24,500

$913,000

—

2018

$23,954

-5%

$913,000

—

2017

$25,323

-10%

$913,000

2016

$28,230

-1%

$905,000

—

2014

$28,630

-2%

$902,000

—

2013

$29,240

$902,000

-7%

2012

$28,907

—

$971,000

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 532 N Water St

532 N Water St, Milwaukee, WI 53202 (MLS# 1983433) is a Retail property. 532 N Water St is currently listed for $3,500 and was received on October 05, 2026. Want to learn more about 532 N Water St? Do you have questions about finding other Retail real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

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532 N Water St Milwaukee, WI 53202