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    111-133 Silver Spg Dr Whitefish Bay, WI 53217

    For Sale
    $4,000,000

    Exceptional Retail & Office Investment

    Property size:
    27,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Whitefish Bay commercial property, located at 111-133 East Silver Spring Drive, presents a rare investment opportunity. The 27,880 square foot building, constructed in 1952, boasts a desirable mixed-use configuration, encompassing both retail and executive office spaces. Currently operating at a 90.2% overall occupancy rate (with 100% retail and 72.7% office occupancy), the property offers a strong, stable income stream, reflected in its attractive 5.43% cap rate based on 2023 operating results. The weighted average lease term is 4.6 years, providing long-term stability. Situated on a 0.457-acre lot, the two-story building features 18 parking spaces and is zoned G2-Commercial, allowing for flexibility and potential redevelopment options. The property benefits from its prime location in the heart of Whitefish Bay's vibrant shopping district, ensuring high foot traffic and visibility. This presents a compelling opportunity for investors seeking a value-add property in a high-demand submarket with coveted demographics. The asking price is $4,000,000, translating to $199.37 per square foot. This is a truly exceptional opportunity to acquire a well-established commercial building with significant upside potential.

    Property Features for 111-133 Silver Spg Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    27,880 SF
    Lot Size
    19,907 SF

    Building Details

    Year Built
    1952
    Stories
    2

    HighLights

    • Prime Whitefish Bay mixed‑use property, offering retail and office space in a high‑demand area.
    • 5.43% cap rate based on 2023 operating results.
    • 90.2% overall occupancy rate.
    • 72.7% office occupancy rate.
    • 100% retail occupancy rate.
    • 1.7‑year weighted average lease term for office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whitefish Bay
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.909657
    Latitude
    43.118319

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    FAQs

    What type of property is this?
    Mixed-use property - Exceptional Retail & Office Investment
    Where is this mixed-use property located?
    The property is located at 111-133 Silver Spg Dr Whitefish Bay, WI.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Prime Whitefish Bay mixed-use property, offering retail and office space in a high-demand area.; 5.43% cap rate based on 2023 operating results.; 90.2% overall occupancy rate.
    Request Owner's contact information
    111-133 Silver Spg Dr Whitefish Bay, WI 53217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111-133 Silver Spg Dr Whitefish Bay, WI 53217
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