401-415 Silver Spring DrWhitefish Bay, WI 53217

Property Details for 401-415 Silver Spring Dr

Year built

1961

Lot size

0.36 AC

Property size (Sq ft)

22,294 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional two-story, mixed-use building (22,294 square feet) in Whitefish Bay, Wisconsin, presents a rare investment opportunity. Located at 401-415 East Silver Spring Dr (APN 1980259000), this iconic mid-century modern structure boasts a 4.61% cap rate based on 2023 operating results and an 83.2% overall occupancy rate. The building features 100% retail occupancy and 62.4% office occupancy, with weighted average lease terms of 2.6 years for retail and 1.9 years for office space. The property includes 12 parking spaces and sits on a 0.358-acre lot in the heart of Whitefish Bay's vibrant shopping district, offering high foot traffic and visibility. Built in 1961 and extensively renovated in 2024, the building features a new roof, one passenger elevator, and a gas forced-air HVAC system with rooftop AC condensers. Utilities include municipal water and sewer, along with gas and electric service provided by WE Energies. The property is zoned for business use and offers a blend of retail and office space, making it an attractive investment in a highly desirable location. The building's strong tenant base includes established businesses in the active lifestyle, fitness, and personal care sectors. This is a prime opportunity to acquire a well-maintained, high-performing commercial property in a thriving market.

Location Insight

City

Whitefish Bay

County

Milwaukee

State

Wisconsin

Latitude

43.1183

Longitude

-87.9051

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