Multi-Unit Retail and Office
For Sale
$735,000
8301 W Silver Spring Dr, Milwaukee, WI 53218
Well-maintained building includes an operating restaurant plus two separate office/retail storefronts and a commercial kitchen.
Property Size6,114 SF
Price / SF$120.22
Days on Market185
Property Features for 8301 W Silver Spring Dr
General Information
Standard status
Active
Size
6,114 SF
Total Parking Spaces
26
Property subtype
Commercial
Building Details
Year Built
1962
Listing Agency:
Homestead Realty, Inc
Listed By:
Maikou Yang · License #92646-94
(414) 534-1965
Source:
Homesinwisconsin
Added: Apr 19
Changed: Oct 1
Last Checked: Oct 19 at 6:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homestead Realty, Inc
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Investment Insights
Based on property information with market context.
This well-maintained multi-unit commercial building includes an updated, fully operating restaurant and two separate office/retail storefronts. Recent improvements include a new commercial kitchen, and the sale includes the real estate and the commercial kitchen.
The property is positioned at the busy intersection of Silver Spring Dr. and Fond du Lac Ave., providing visibility for the restaurant and storefront units.
In addition to the restaurant and storefront configuration, the property offers 26 dedicated parking spaces for tenant and customer use.
The property is positioned at the busy intersection of Silver Spring Dr. and Fond du Lac Ave., providing visibility for the restaurant and storefront units.
In addition to the restaurant and storefront configuration, the property offers 26 dedicated parking spaces for tenant and customer use.
Key Highlights
- Well‑maintained 1962 building with an updated, fully operating restaurant plus two separate office/retail storefronts
- New commercial kitchen included with the property sale
- Central air cooling and heating system listed as “3”
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,740
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,800
$1.2M
Cap Rate 7%
$839,143
$839.1K
Cap Rate 9%
$652,667
$652.7K
Market Conditions
NOI Build-Up for 6,114 SF
Gross rent
$91.7K $15.00/SF
− Vacancy
−$7.8K −$1.28/SF
EGI
$83.9K $13.73/SF
− OpEx
−$25.2K −$4.12/SF
NOI
$58.7K $9.61/SF
Area
ZIP 53218
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,800
Cap Rate 7%
$839,143
Cap Rate 9%
$652,667
Alternative Uses
Best Use
Office B
$1.12M
$976.9K – $1.30M
NOI $78,148 @ 7.0% cap · market cap 10.63%
Second Best
Specialty Retail
$1.02M
$890.7K – $1.19M
NOI $71,259 @ 7.0% cap · market cap 9.70%
Theoretical Best
Warehouse
$4.63M
$4.06M – $5.41M
NOI $324,409 @ 7.0% cap · market cap 44.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53218, WI
38,488
Population
15,971
Households
2.4
Avg Household Size
31
Median Age
10%
College-Educated
83%
High-School Grad
5.9 sq mi
ZIP Area
6,523
Density / Sq Mi
$42,207
Median Household Income
$33,622
Median Earnings
$1,034
Median Rent
$122,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-maintained building includes an operating restaurant plus two separate office/retail storefronts and a commercial kitchen.
Where is this conventional restaurant located?
The property is located at 8301 W Silver Spring Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Well‑maintained 1962 building with an updated, fully operating restaurant plus two separate office/retail storefronts; New commercial kitchen included with the property sale; Central air cooling and heating system listed as “3”
