Air carrier First Officer reported a near midair collision with a UAS while they were on final approach. The flight continued as normal.

Narrative

I was operating as pilot monitoring on Aircraft X from ZZZ1 to MKE. We had a near-miss event with a small drone. We were cleared for the visual in MKE for runway 1L and shortly after we had crossed the final approach fix; CUTMO; I spotted a small circular black drone 200-300 feet directly underneath the nose of the aircraft directly on the final approach course for runway 1L. The final approach fix; CUTMO; is published on the approach plate at-or-above 2;600 MSL and I noticed the drone at approximately 2;500 MSL- again shortly after we intercepted the glideslope and began our final descent for runway 1L. We continued our approach and landed normally on runway 1L in MKE with no further abnormal events.Cause: Not much to say here- this event was an external factor; and additional threat to flight; that was outside of our control. I noticed the drone; it passed underneath the nose of the aircraft; we landed normally.Suggestion: Not much to say here either- we were fortunate that the drone was 200-300 feet below the aircraft's flight path. Initially; because the drone was underneath our flight path; it blended in with the ground and I didn't notice it until we were right on top of it. We should; and will; continue to use proper situational awareness and scanning techniques to help identify threats and deter collisions with all objects and obstacles which are both natural and man-made.