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    412 Silver Spg Dr Whitefish Bay, WI 53217

    For Sale
    $4,100,000

    Exceptional retail portfolio, 100% occupied.

    Property size:
    11,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    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.

    Property Features for 412 Silver Spg Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    11,050 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built/Renovated
    1950/1960
    Buildings
    3
    Stories
    1

    HighLights

    • Limited on‑site surface parking available behind the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oh Baby MKE Doula Beauty By Michelle ... Beautician été esthetics Spa enliven. A Beauty & Wellness ... Beauty Salon Ananda Citta Spiritual ... Wellness Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center 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
    -87.9049996
    Latitude
    43.1187888

    Nearby Comparable

    • $4,400,000
      22,294 SF

      The Berkley Building: Whitefish Bay Investment

      Mixed-use building, high occupancy, strong cap rate
      401-415 Silver Spg Dr, Whitefish Bay, WI 53217
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    • $4,000,000
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      Prime Whitefish Bay Commercial Building

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      111-133 Silver Spg Dr, Whitefish Bay, WI 53217
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    • $3,600,000
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      Whitefish Bay Retail Building Portfolio

      Exceptional commercial building portfolio in high-demand Whitefish Bay location.
      412-424 E Silver Spg Dr, Whitefish Bay, WI
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    • $3,400,000
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      Whitefish Bay Commercial Building Portfolio

      Exceptional commercial building portfolio in the heart of Whitefish Bay.
      111-133 E Silver Spg Dr, Whitefish Bay, WI
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    • $3,990,000
      22,294 SF

      Iconic Mixed-Use Retail Building

      Two-story mixed-use building in the heart of Whitefish Bay.
      401-415 E Silver Spg Dr, Whitefish Bay, WI
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    • $1,500,000
      1.01 Acres

      Glendale Commercial Land - $1.5M

      Prime 1-acre development site near Bayshore.
      0 Towncenter Dr, Glendale, WI 53217
      View Details

    Nearby Similar for Sale

    • $3,400,000
      20,063 SF

      Whitefish Bay Commercial Building Portfolio

      Exceptional commercial building portfolio in the heart of Whitefish Bay.
      111-133 E Silver Spg Dr, Whitefish Bay, WI
      View Details
    • $3,600,000
      11,050 SF

      Whitefish Bay Retail Building Portfolio

      Exceptional commercial building portfolio in high-demand Whitefish Bay location.
      412-424 E Silver Spg Dr, Whitefish Bay, WI
      View Details
    • $3,990,000
      22,294 SF

      Iconic Mixed-Use Retail Building

      Two-story mixed-use building in the heart of Whitefish Bay.
      401-415 E Silver Spg Dr, Whitefish Bay, WI
      View Details
    • $4,400,000
      22,294 SF

      The Berkley Building: Whitefish Bay Investment

      Mixed-use building, high occupancy, strong cap rate
      401-415 Silver Spg Dr, Whitefish Bay, WI 53217
      View Details
    • $4,000,000
      27,880 SF

      Prime Whitefish Bay Commercial Building

      Exceptional Retail & Office Investment
      111-133 Silver Spg Dr, Whitefish Bay, WI 53217
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Exceptional retail portfolio, 100% occupied.
    Where is this lifestyle center located?
    The property is located at 412 Silver Spg Dr Whitefish Bay, WI.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: Limited on-site surface parking available behind the building.; ;
    Request Owner's contact information
    412 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
    412 Silver Spg Dr Whitefish Bay, WI 53217
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