Mixed-Use Building with
For Sale
$735,000
8301 W Silver Spring Dr, Milwaukee, WI 53218
Y, Milwaukee, WI
Property Size6,114 SF
Lot Size0.33 Acres
Price / SF$120.22
Days on Market194
Property Features for 8301 W Silver Spring Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LB1
Directions
Southwest corner of W Silver Spring Dr and Fond Du Lac Ave
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 Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Maikou Yang · License #92646-94
(414) 534-1965
Added: Apr 1
Changed: Oct 8
Last Checked: Oct 11 at 4:06AM
MLS# 1955895
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 6,114-square-foot mixed-use property combines an operating restaurant with two distinct office or retail storefronts. The restaurant has received updates, including a new commercial kitchen, and the sale includes the real estate and kitchen equipment. Built in 1962, the building sits on 0.33 acres and is zoned LB1.
The property occupies the intersection of W Silver Spring Dr. and Fond du Lac Ave. in Milwaukee. On-site parking includes 26 dedicated spaces, supporting restaurant customers and occupants of the additional storefronts. The combination of food-service improvements and separately configured commercial spaces creates a varied physical layout within one building.
The property occupies the intersection of W Silver Spring Dr. and Fond du Lac Ave. in Milwaukee. On-site parking includes 26 dedicated spaces, supporting restaurant customers and occupants of the additional storefronts. The combination of food-service improvements and separately configured commercial spaces creates a varied physical layout within one building.
Key Highlights
- 6,114‑square‑foot mixed‑use commercial building on 0.33 acres
- Operating restaurant with a new commercial kitchen
- Two separate office or retail storefronts
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
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,539 @ 7.0% cap · market cap 11.23%
Second Best
Office B
$1.12M
$976.9K – $1.30M
NOI $78,148 @ 7.0% cap · market cap 10.63%
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.
Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Milwaukee, WI
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated food-service space is paired with two separate office or retail storefronts.
Where is this mixed-use property 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: 6,114‑square‑foot mixed‑use commercial building on 0.33 acres; Operating restaurant with a new commercial kitchen; Two separate office or retail storefronts
