203 N Wisconsin St, Port Washington, WI 53074
SPECIALTY For SaleYear Built: 1941
Floors: 3
| Space | Size | Type | Pricing |
|---|---|---|---|
| Boutique Mixed-Use Investment Opportunity: Multifamily Value-Add + Adaptive-Reuse | SALE | $1,250,000.00 |
Michael Wirth - Newmark - Milwaukee WI
PHONE: 2623029795
PHONE: 4149089165
The Historic Poole Property is a prominent mixed-use asset located in the civic and commercial core of Port Washington, a historic North Shore community known for its vibrant downtown district, preserved architecture, and highly desirable lakefront setting along Lake Michigan. Positioned at the highly visible corner of North Wisconsin Street and West Main Street, the property sits immediately adjacent to the Ozaukee County Administration Center, establishing the asset as a prominent focal point within the city’s downtown environment. This location benefits from consistent pedestrian and civic activity, as well as direct connectivity to the restaurants, boutique shops, marina, and waterfront amenities that define Port Washington’s thriving harbor district. The property totals approximately 18,500 square feet across multiple structures and parcels, anchored by a ~16,500-square-foot primary building and an adjacent ~2,000-square-foot residential building. The residential component comprises five multifamily units that provide immediate in-place income with meaningful rent growth potential. Three units are currently leased at rents substantially below prevailing market levels, creating a clear mark-to-market opportunity upon renewal. Two additional units within the main building are vacant and lease-ready, allowing for immediate stabilization or repositioning to align with current rental demand. Beyond the residential units, a substantial portion of the building remains available for adaptive reuse. The property’s flexible interior configuration and prominent downtown location support a variety of commercial uses—including boutique retail, office, hospitality, and experiential concepts—allowing investors to curate a dynamic mixed-use environment aligned with the continued growth of downtown Port Washington. With B4 Central Business District zoning, convenient on-site parking, and a walkable downtown setting steps from the harbor and marina, the property offers investors the opportunity to reposition a historic asset in a highly desirable lakefront market within the Milwaukee Metropolitan Statistical Area.