Multi-Unit Retail and Office
8301 W Silver Spring DRIVE Unit 8305 Milwaukee, WI 53218
8301 W Silver Spring DRIVE Unit 8305, Milwaukee, WI, 53218
$759,000
For Sale
$759,000
Well-maintained building includes an operating restaurant plus two separate office/retail storefronts and a commercial kitchen.
Property Size6,114 SF
Price / SF$124.14
Days on Market128
Property Features for 8301 W Silver Spring DRIVE Unit 8305
General Information
- Standard status
- Active
- Size
- 6,114 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1962
Listing agency
Homestead Realty, Inc
(414) 534-1965
Listed by
Maikou Yang · License #92646-94
(414) 534-1965
Source
Xome
Added: Mar 17 Updated: Jul 21 at 9:44PM Checked: Jul 21 at 9:44PM
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
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”
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
Office B
$1.12M
$976.9K – $1.30M
NOI $78,148 @ 7.0% cap · market cap 10.30%
Second Best
Specialty Retail
$1.02M
$890.7K – $1.19M
NOI $71,259 @ 7.0% cap · market cap 9.39%
Theoretical Best
Warehouse
$4.63M
$4.06M – $5.41M
NOI $324,409 @ 7.0% cap · market cap 42.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Open Doors Learning ...
Daycare Center
Similar For Sale Nearby
FAQs
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 DRIVE Unit 8305 Milwaukee, WI.
What is the asking price?
The asking price for this property is $759,000.
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”
