The Saddlery Building

233 North Water Street, Milwaukee, WI 53202

Property Information

  • For Lease $25.50/SF/YR
  • Property Type Office - General Office
  • Property Size 60,000 SF
  • Lot Size 0.28 Acre
  • Parking Spaces Avail. 15
  • Parking Ratio 0.25 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1896
  • Date Updated May 7, 2026

Description

The Saddlery Building at 233 North Water Street is a 60,000-square-foot office property resting on a 0.28-acre lot in Milwaukee’s Historic Third Ward. This Class B building dates back to 1896 and offers tenants 15 parking spaces with a parking ratio of 0.26. With its vintage charm and adaptable design, the property provides businesses an opportunity to establish themselves in one of Milwaukee's most dynamic locations.

Surrounded by the vibrant offerings of the Historic Third Ward, the Saddlery Building enjoys proximity to dining, shopping, and transportation options. Restaurants such as Blue Bat Kitchen & Tequilaria and Lucky Ginger are within steps, while the nearby Kimpton Journeyman Hotel offers upscale accommodations. The area is highly accessible, with transportation hubs like the Historic Third Ward station approximately 0.1 miles away. Additional amenities include nearby parking garages, educational institutions, and recreational hotspots, making this location ideal for businesses seeking convenience and connectivity.

7 Spaces Available

1st Floor

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

8,200 SF

Additional Rent

$6.50/SF/YR

Floor

1

Divisible Space

8,200 - 8,200 SF

Available Date

TBD

Lease Term

From 5 Years

Renewal Option

Yes

Sublease

No

Occupancy 30 to 120 days

2nd Floor

Space Type

General Office

Lease Rate

$25.50/SF/YR

Total Space

2,191 SF

Floor

2

Divisible Space

2,191 - 2,191 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Immediate to 90 days

3rd Floor

Space Type

General Office

Lease Rate

$25.50/SF/YR

Total Space

1,547 SF

Floor

3

Divisible Space

1,547 - 1,547 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Immediate to 90 days

3rd Floor

Space Type

General Office

Lease Rate

$25.50/SF/YR

Total Space

1,952 SF

Floor

3

Divisible Space

1,952 - 1,952 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Immediate to 90 days

3rd Floor

Space Type

General Office

Lease Rate

$25.50/SF/YR

Total Space

2,954 SF

Floor

3

Divisible Space

2,954 - 2,954 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Contacts

Marianne Burish

Transwestern

Location

Located at 233 North Water Street, Milwaukee, WI 53202, this property is part of the Historic Third Ward neighborhood and Milwaukee market.

Contact Listing Broker
Marianne Burish

Transwestern

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