Retail Space
777 North Water Street Milwaukee, WI 53202
Details & Description
Price: $1,350,193
    Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Wisconsin LLC, is pleased to present Rodizio Grill located at 777 North Water Street in Milwaukee, Wisconsin. The property is located in Downtown Milwaukee and is comprised of a ground floor retail condo encompassing 7,983 square feet of restaurant space. The site has housed a Brazilian Steakhouse concept for over 15 years. Rodizio Grill will be subject to a 10 year lease at closing with 2% annual increases throughout the primary term and option periods, and will be personally guaranteed by the franchisees of this location, including the founder of Rodizio Grill, Ivan Utrera. The site is located in the neighborhood of East Town, which is home to many of the city’s popular attractions and beautiful lakefront. There are 207,987 residents and 257,854 daytime workers within 3 miles of the site, which provides a strong customer base for the restaurant. The combination of a busy downtown neighborhood, annual rental increases combined with a nationwide Brazilian steakhouse concept makes this an excellent net lease investment opportunity.
    Additional Photos
    Listing Agents
    Wes Koontz
    Mid-America Real Estate Corpor
    O: 630-954-7395
    wkoontz@midamericagrp.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    777 North Water Street

    Milwaukee, WI 53202

    Listing ID: 215042
    • 777 North Water Street Milwaukee, WI 53202 | for Sale | Photo 1
    • 777 North Water Street Milwaukee, WI 53202 | for Sale | Photo 2
    • 777 North Water Street Milwaukee, WI 53202 | for Sale | Photo 3
    • 777 North Water Street Milwaukee, WI 53202 | for Sale | Photo 4
    777 North Water Street | for Sale | Thumbnail 1
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    777 North Water Street | for Sale | Thumbnail 4
    Building Size: 7,983 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $169.13
    Land $/SF:
    Price
    $1,350,193
    Description

    Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Wisconsin LLC, is pleased to present Rodizio Grill located at 777 North Water Street in Milwaukee, Wisconsin. The property is located in Downtown Milwaukee and is comprised of a ground floor retail condo encompassing 7,983 square feet of restaurant space. The site has housed a Brazilian Steakhouse concept for over 15 years. Rodizio Grill will be subject to a 10 year lease at closing with 2% annual increases throughout the primary term and option periods, and will be personally guaranteed by the franchisees of this location, including the founder of Rodizio Grill, Ivan Utrera. The site is located in the neighborhood of East Town, which is home to many of the city’s popular attractions and beautiful lakefront. There are 207,987 residents and 257,854 daytime workers within 3 miles of the site, which provides a strong customer base for the restaurant. The combination of a busy downtown neighborhood, annual rental increases combined with a nationwide Brazilian steakhouse concept makes this an excellent net lease investment opportunity.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Milwaukee History of Retail Space for Sale

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    Milwaukee Area Market Trends

    Listing Demographics for 777 North Water Street Milwaukee, WI 53202

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population25,966198,240442,698
    Population Median Age353335
    Population by Age0-9 Yrs773 (2%)24944 (12%)61013 (13%)
    10-19 Yrs2760 (10%)28129 (14%)62165 (14%)
    20-29 Yrs10270 (39%)50431 (25%)85091 (19%)
    30-39 Yrs4632 (17%)30410 (15%)67426 (15%)
    40-49 Yrs1764 (6%)19753 (9%)49840 (11%)
    50-59 Yrs2303 (8%)18973 (9%)49382 (11%)
    60-69 Yrs1993 (7%)15126 (7%)38807 (8%)
    70+ Yrs1471 (5%)10474 (5%)28973 (6%)
    Median HH Income$56,588$34,673$43,188
    Total Household Income< 24K3579 (26%)31393 (38%)54556 (30%)
    25-49K2576 (19%)19911 (24%)43919 (24%)
    50-74K2012 (14%)11822 (14%)29404 (16%)
    75-99K1466 (10%)6655 (8%)18363 (10%)
    100-199K2809 (20%)8697 (10%)24130 (13%)
    200K+990 (7%)2303 (2%)6447 (3%)
    Highest Education LevelNo Diploma10642377243799
    Diploma or GED21703027773600
    Some College29492276255352
    Assoc. Degree1113627517549
    Bachelors Degree67842273154589
    Higher Degree40901343633783
    Total Housing Units15,48494,810199,977
    --Owner-Occupied2,74620,75669,795
    --Renter-Occupied10,68560,025107,024
    Owner-Occupied Values< 100K95888921298
    100-199K670585527175
    200-299K820313210992
    300-399K45512814752
    400-499K2905902031
    500K+41610083547
    Total Working Age Population24,927158,772346,469
    In Work Force16,526101,770226,107
    Not In Work Force8,40157,002120,362
    Workforce Employed16,01695,140212,007
    Workforce Unemployed5016,59514,018
    Civlian Workforce16,517101,735226,026
    Military Workforce83481
    Total Households13,43180,781176,819
    Family Households2,88633,11489,550
    Non-Family Households10,54647,66787,269
    Married Couple2,11116,00849,148
    Other Family77517,10640,401
    Married w/Child2276,32120,402
    Single Male w/Child1101,9885,220
    Single Female w/Child3348,78519,535

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Wisconsin5,363,675+65,686,986+66,005,080+66,375,910
    Milwaukee County940,164+1947,735+3972,610+1980,450

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 777 North Water Street in Milwaukee?
    The asking price for 777 North Water Street is $1,350,193
    What is the building size of this Retail property in Milwaukee, WI?
    The size of the building/unit at 777 North Water Street in Milwaukee is 7,983 square feet
    What kind of Retail is the propery at 777 North Water Street?
    The property at 777 North Water Street Milwaukee, WI 53202 is listed as a Other Retail Retail property
    What is the population within 1 mile of 777 North Water Street in Milwaukee?
    The population within 1 mile of 777 North Water Street Milwaukee, WI 53202 is 25,966 people.
    Who do I contact for questions about 777 North Water Street?
    You should contact the listing agent, Wes Koontz, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    General Mitchell International Airport (MKE) 6
    Dane County Regional Truax Field (MSN) 72
    Chicago O'Hare International Airport (ORD) 73