412 Silver Spg Dr, Unit 24, Whitefish Bay, WI 53217-5224
- Retail space
- 10,800 SF
- 0.38 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 412 Silver Spg Dr
- Year built
- 1954
- Lot size
- 0.38 lot acres
- Property type
- Retail space
- APN
- 165-0341-000
- APU
- 1650341000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 19, 2026 | $3,550,000 | Wfb412424 LLC | River Beach LLC | Warranty Deed | $2.8M · Summit Cu |
| Feb 18, 2020 | — | River Beach LLC | — | Deed · related | $597k · Park Bk |
| Jun 12, 2019 | $2,575,000 | River Beach LLC | East Bay Building Company LLC | Special Warranty Deed | $80k · Park Bank |
| — | — | River Beach LLC | — | Loan Modification · related | $597k · Park Bk |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Whitefish Bay
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9048
- Latitude
- 43.1188
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
