518-522 North Water Street, Milwaukee, WI 53202

http://www.thebridgewaterbuildingcbre.com/

The Bridgewater Building is a fully occupied, income-producing mixed-use asset in the heart of downtown Milwaukee’s most active urban corridor — National Register of Historic Places, built 1890, Walk Score 97. With 7 residential units and 4,912 SF of street-level commercial anchored by two tenants with one additional commercial unit currently vacant, the property offers an investor a rare combination of immediate yield and meaningful upside: residential rents average $253 below market on a comp set that supports $1,700/month one-bedrooms, and the single Airbnb-operated two-bedroom can be converted to a long-term lease or retained for premium short-term yield. Hines’ 333 North Water — a 333-unit luxury tower delivered two blocks away in 2024 — validates the submarket.