5500 West Silver Spring Drive

Milwaukee, WI 53218

$550,000
Price
91,911 / 2.11
Lot Size / Acres

Description

Redevelopment site assemblage containing two (2) separate and legally distinct parcels of land totaling 2.106 acres or 91,750 square feet of land area. Sites are identified as tax key parcel numbers 173-0351-000 and 173-0311-000. Site is currently improved with an old commercial farmstand building, built in 1949, with additional greenhouses. Site assemblage is located within a designated opportunity zone and New Markets Tax Credit (NMTC) Tract currently zoned PD Planned Development and RS-5 Residential....Redevelopment site assemblage containing two (2) separate and legally distinct parcels of land totaling 2.106 acres or 91,750 square feet of land area. Sites are identified as tax key parcel numbers 173-0351-000 and 173-0311-000. Site is currently improved with an old commercial farmstand building, built in 1949, with additional greenhouses. Site assemblage is located within a designated opportunity zone and New Markets Tax Credit (NMTC) Tract currently zoned PD Planned Development and RS-5 Residential. High daily traffic along W. Silver Spring Drive. Potential opportunity for a multi-unit residential development or commercial development.
  1. Listed by Andrew Pitts • Pitts Brothers & Associates, LLC

Property Details for 5500 West Silver Spring Drive

Municipal Code
Milwaukee
Road Frontage
High Visibility, Paved Road, Town/City Road
LISTING UPDATED: 10/27/2024 09:39 AM

Property Details for 5500 West Silver Spring Drive

StatusActive
MLS #1897553
Days on Market46
Taxes$4,078 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeVacant Land
Year Built-
Lot Size2.11 AC
CountyMilwaukee County

Building Information for 5500 West Silver Spring Drive

Lot Size2.11 AC

Property Information for 5500 West Silver Spring Drive

Summary
Location and General Information
  • FEMA 100 Yr Flood Plain: No
  • State: Wisconsin
  • County: Milwaukee
  • Zip Code: 53218
  • Geo Lat: 43.119883
  • Geo Lon: -87.981694
  • Agent Remarks: The property is located along the north side of W. Silver Spring Drive, just east of N. 57th Street.
  • Location: City
  • Topography: Level
Taxes and HOA Information
  • Taxes: $4,078.00
  • Tax Year: 2023
School Information
  • School District: Milwaukee
Property
Lot Information
  • Acres Source: Public Records
  • Approx Acreage: 2.11
  • Buildings Included: Abandoned, Other
  • Development Status: Other
  • Miscellaneous: Existing Sidewalk, Near Public Transit
  • Present Use: Industry/Commerce
Property and Assessments
  • Property Type: C
  • Conveyance Options: Sell in Entirety
Utilities
  • Water/Waste Availabl: Sewer, Water Municipal
  • Water/Waste Required: Sewer, Water Municipal
  • Utilities Available: Cable Available, Electricity Available, High Speed Internet Available, Natural Gas Available, Phone Available
Multi Family
Unit 1
  • 1 Story SqFt Min: 0.0
Unit 2
  • 2 Story SqFt Min: 0.0
  • 2 Story 1st Flr SqFt: 0.0

Property History for 5500 West Silver Spring Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5500 West Silver Spring Drive

This home is within Milwaukee School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Milwaukee German Immersion School
PublicPK to 5

Milwaukee French Immersion School
PublicPK to 5

La Escuela Fratney
PublicPK to 5

Kluge Elementary
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5500 West Silver Spring Drive is a 2.11 ac of land for sale in Milwaukee, WI 53218. This property was listed for sale on October 18, 2024 by Pitts Brothers & Associates, LLC, it's currently listed at $550,000. This listing's school district is Milwaukee School District. Nearby schools include Milwaukee German Immersion School, Milwaukee French Immersion School and La Escuela Fratney. 5500 West Silver Spring Drive is a 0-bed, 0-bath, 2.11 ac of land on a 91,911 sq. ft. / 2.11 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pitts Brothers & Associates, LLC

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 10/27/2024 09:39 AM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved