For Sale
$550,000

5500 Silver Spring Dr Milwaukee, WI 53218

2.1 Acres, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2.106-acre site in Milwaukee, Wisconsin, presents a compelling redevelopment opportunity. Located at 5500 W Silver Spring Dr, zip code 53218, this assemblage comprises two legally distinct parcels (APN 173-0351-000 and 173-0311-000), totaling 91,750 square feet. Currently improved with a 1949 commercial farmstand building and greenhouses, the property benefits from high daily traffic counts on W. Silver Spring Drive. Zoned PD Planned Development and RS-5 Residential, this location offers significant potential for various developments, including multi-unit residential or commercial projects. The site's advantageous location within a designated Opportunity Zone and New Markets Tax Credit (NMTC) Tract further enhances its investment appeal. The asking price is $550,000. This is a unique chance to acquire a substantial parcel in a prime Milwaukee location with flexible zoning and significant tax incentives. The property is owned by Select Management.

Highlights

  • $550,000 asking price.
  • 2.106-acre land parcel in Milwaukee, WI.
  • Located at 5500 W Silver Spring Dr, Milwaukee, WI 53218.
  • Zoned PD Planned Development and RS-5 Residential.
  • APN: 1730351000.
  • Owned by Select Management.

Property Details for 5500 Silver Spring Dr

Property type
Land
Lot Size (sq. ft)
91,737 SF

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.1196671
Longitude
-87.9816

FAQs

What type of property is this?
Land - 2.1 Acres, Redevelopment Opportunity
Where is the land located?
The property is located at 5500 Silver Spring Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: $550,000 asking price.; 2.106-acre land parcel in Milwaukee, WI.; Located at 5500 W Silver Spring Dr, Milwaukee, WI 53218.
How can I contact the broker?
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5500 Silver Spring Dr
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