111-133 Silver Spring DrWhitefish Bay, WI 53217

Property Details for 111-133 Silver Spring Dr

Year built

1952

Lot size

0.46 AC

Property size (Sq ft)

27,880 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Whitefish Bay

County

Milwaukee

State

Wisconsin

Latitude

43.1183

Longitude

-87.9097

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