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N56W21318 Silver Spring Dr - The Preserve at Silver Spring

35,000 SF Specialty Building Offered For Sale in Menomonee Falls, WI 53051

INVESTMENT HIGHLIGHTS

  • Turn-Key Banquet & Conference Facility in Beautiful Setting
  • Prime Location with Exceptional Demographics
  • Opportunity to Reimagine Existing Facility or Redevelop Site

EXECUTIVE SUMMARY

Turn-Key Banquet & Conference Facility in Beautiful Setting
- Full service commercial kitchen with significant cooler and freezer capacity
- Four (4) unique event areas including the Tremont Ballroom, capable of seating up to 450 guests, the Element Restaurant offering beautiful panoramic views and a connected outdoor patio, a rooftop terrace, and a lower-level wine-cellar complete with a full bar
- The Property offers a true plug-and-play user opportunity for restaurant and event center operators
Opportunity to Reimagine Existing Facility or Redevelop Site
- Formerly part of a full-length 18-hole golf course, the Property offers the potential to acquire and maintain three (3) golf holes that could be used for training or leisure
- Ability to transform into a year-round golf training facility with exterior golf infrastructure already in-place and ample interior space to install simulator bays
- Offering includes approximately 10-AC with additional land available if desired – providing ample space for a full redevelopment
Prime Location with Exceptional Demographics
- Situated along Silver Spring Drive, one of the area’s main thoroughfares with approximately 8,400 vehicles per day (“VPD”)
- Centrally positioned within Menomonee Falls, the Property is surrounded by an ample supply of executive housing stock and boasts an average household income of $175,522 within a 1-mile radius
- Over 77,000 people within a 5-mile radius of the Property

PROPERTY FACTS

Sale Type Investment
Property Type Specialty
Property Subtype Lodge/Meeting Hall
Building Class B
Lot Size 10.00 AC
Building Size 35,000 SF
Number of Floors 2
Year Built 1985
Parking Ratio 5.71/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MNFV-0120-991-001
Land Assessment
£2,017,522
Improvements Assessment
£967,020
Total Assessment
£2,984,542

ZONING

Zoning Code PRD (Planned Residential District)
PRD (Planned Residential District)
  • Listing ID: 34110405

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: N56W21318 Silver Spring Dr, Menomonee Falls, WI 53051

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