111-133 Silver Spg Dr Whitefish Bay, WI 53217
- Retail properties
- 27,880 SF
- 0.46 lot acres
Current Use by Public Records
- Retail properties
Property Details for 111-133 Silver Spg Dr
- Year built
- 1952
- Lot size
- 0.46 lot acres
- Property size
- 27,880 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whitefish Bay
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9097
- Latitude
- 43.1183
