By OnMilwaukee Staff Writers   Published Aug 29, 2011 at 1:32 PM

Yesterday, iconic Water Street bar McGillycuddy's closed its doors for good. According to a source, the business at 1135 N. Water St., was sold and will reopen under a new name and new ownership in the near future.

Stay tuned to OnMilwaukee.com for more information when it becomes available.