Multi-Unit Restaurant and Office Building

8301 W Silver Spring Dr Milwaukee, WI 53218

Claim this Listing
For Sale
$735,000

COMMERCIAL - Milwaukee, WI

Property size:
6,114 SF
Lot size:
0.33 Acres
Price / SF:
$120/SF
Added:
Apr 1, 2026
Days on Market:
102
Last Refresh:
Jul 11 at 12:06 am

Property Features for 8301 W Silver Spring Dr

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
LB1
Standard status
Active
APN
1870606120
Size
6,114 SF
Lot size
0.33 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
22665

Building Details

Year built
1962
Architectural style
Other

Listing agent Maikou Yang License #92646-94

Listing office Homestead Realty, Inc 7734 Harwood Avenue, Milwaukee, WI

Listing date Apr 1, 2026

MLS# 1955895 Listing URL

Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This well-maintained multi-unit commercial building includes an updated, fully operating restaurant, supported by a recent new commercial kitchen. In addition to the restaurant space, the property offers two separate office/retail storefront units, providing flexibility for an investor or an owner-user seeking multiple income streams or in-building operations.

The property is located at 8301 W Silver Spring Dr in Milwaukee, Wisconsin, at the intersection of Silver Spring Dr. and Fond du Lac Ave. The listing indicates zoning of LB1 and provides 26 dedicated parking spaces intended for tenant and customer convenience.

From a tenant and operator standpoint, the existing restaurant setup and the inclusion of the commercial kitchen make the property well-suited for foodservice concepts looking to occupy a turn-key environment. The two additional office/retail storefront spaces can support complementary uses, or allow an owner to lease out separate suites while maintaining the restaurant onsite. The sale includes the real estate and the commercial kitchen.

Key Highlights

  • 1962‑built multi‑unit commercial building with an updated, fully operating restaurant plus two separate office/retail storefronts
  • Located at the busy Silver Spring Dr. and Fond du Lac Ave. intersection
  • Recent improvement: new commercial kitchen

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $91.7k $15.00
− Vacancy −$7.8k −$1.28
EGI $83.9k $13.73
− OpEx −$25.2k −$4.12
NOI $58.7k $9.61
6,114 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Industrial
$3.82M
$3.34M – $4.45M (±1% cap)
NOI $267,161 @ 7.0% cap · market cap 36.35%
Second Best
Specialty Retail
$1.02M
$890.7K – $1.19M (±1% cap)
NOI $71,259 @ 7.0% cap · market cap 9.70%
Theoretical Best
Warehouse
$4.63M
$4.06M – $5.41M (±1% cap)
NOI $324,409 @ 7.0% cap · market cap 44.14%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Open Doors Learning ... Daycare Center

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Gym & Fitness Center Auto Parts Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - Well-maintained building with operating restaurant, office/retail storefronts, and 26 dedicated parking spaces.
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: 1962‑built multi‑unit commercial building with an updated, fully operating restaurant plus two separate office/retail storefronts; Located at the busy Silver Spring Dr. and Fond du Lac Ave. intersection; Recent improvement: new commercial kitchen
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