412 Silver Spring DrWhitefish Bay, WI 53217

For Sale
$4,100,000

Exceptional retail portfolio, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a three-building, 11,050 square foot shopping center located in the heart of Whitefish Bay, Wisconsin. Situated on a 0.38-acre lot at 412-424 E. Silver Spring Drive (APN 1650341000), this property boasts a desirable location within a thriving commercial district. Built in 1950 and renovated in 1960, the single-story buildings currently enjoy 100% occupancy with a strong tenant base. The asking price is $4,100,000, representing a compelling $371.04 per square foot and a 5.73% capitalization rate. The property is zoned for commercial use and offers limited on-site surface parking behind the buildings. This prime location provides excellent visibility and foot traffic, benefiting from the area's vibrant dining, entertainment, shopping, medical, wellness, and fitness amenities. The property presents a strong current income stream with potential for future value enhancement through lease renewals or long-term redevelopment options. This is a rare chance to acquire a well-established, high-performing retail portfolio in a highly sought-after location.

Highlights

  • Limited on-site surface parking available behind the building.

Property Details for 412 Silver Spring Dr

Property type
Lifestyle centers, Power centers
Square Feet
11,050 SF
Year Built/Renovated
1950/1960
Buildings
3
Stories
1
Lot Size (sq. ft)
16,553 SF

Location Insight

City
Whitefish Bay
County
Milwaukee
State
Wisconsin
Latitude
43.1187888
Longitude
-87.9049996
412 Silver Spring Dr, Whitefish Bay, Wisconsin

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412 Silver Spring Dr
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