412 Silver Spg Dr Whitefish Bay, WI 53217
- Retail space
- 10,800 SF
- 0.38 lot acres
Current Use by Public Records
- Oh Baby MKE / Doula
- Beauty By Michelle Senour / Beautician
- été esthetics / Spa
- enliven. A Beauty & Wellness Collective / Spa / Beauty Salon
- Ananda Citta Spiritual Care ~ Tarot, Reiki, Animal Communication / Wellness Center
Property Details for 412 Silver Spg Dr
- Year built
- 1954
- Lot size
- 0.38 lot acres
- Property size
- 10,800 SF
- Property type
- Retail space
- APN
- 165-0341-000
- APU
- 1650341000
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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
