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412-424 E Silver Spring Dr
Milwaukee, WI 53217

Retail Property For Sale

Investment Highlights

  • Can be purchased individually or part of a portfolio.
  • Neighborhood retail property located in mature (fully developed) high-demand submarket with coveted demographics.
  • Centrally located near national shops and retailers.
  • Great value-add opportunity.

Executive Summary

A rare opportunity to own an exceptional Whitefish Bay commercial building portfolio on in-demand east Silver Spring Drive is now possible. Well known neighborhood retail building in the heart of “the Bay” offering outstanding existing tenants and quick relet when a rare vacancy occurs. Situated at the heart of the Bay shopping district, foot traffic, visibility and out-the-door lifestyle amenities can’t be beat for dining, entertainment, shopping, medical, wellness and fitness. Opportunity to enhance value at renewals or consider redevelopment options longer-term.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,050 SF
Building Class
C
Year Built
1955
Price
£3,247,525
Price Per SF
£294
Net Initial Yield
5.73%
NOI
£186,083
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.67
Lot Size
0.38 AC
Zoning
Commercial - Commercial
Parking
74 Spaces (6.95 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

Parcel Number 165-0341-000 Improvements Assessment £1,406,337
Land Assessment £628,752 Total Assessment £2,035,089

PROPERTY TAXES

Parcel Number
165-0341-000
Land Assessment
£628,752
Improvements Assessment
£1,406,337
Total Assessment
£2,035,089
 

  • Listing ID: 33052859

  • Date on Market: 04/09/2024

  • Last Updated:

  • Address: 412-424 E Silver Spring Dr, Milwaukee, WI 53217

The Retail Property at 412-424 E Silver Spring Dr, Milwaukee, WI 53217 is currently available for sale. Contact Transwestern Real Estate Services for more information.

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