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115-131 W Washington Avenue Madison, WI $ 2,300,000
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$ 2,300,000 Get more info
115-131 W Washington Avenue
$ 2,300,000
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Share Save

115-131 W Washington Avenue

Madison, WI, 53703
$ 2,300,000
Baths0.0 Sq 7,920

Monthly Estimate*

$ 15,287

Listed by Accord Realty
115-131 W Washington Avenue, Madison, WI 53703 - Image 1
115-131 W Washington Avenue, Madison, WI 53703 - Image 2
115-131 W Washington Avenue, Madison, WI 53703 - Image 3
115-131 W Washington Avenue, Madison, WI 53703 - Image 4
115-131 W Washington Avenue, Madison, WI 53703 - Image 5
115-131 W Washington Avenue, Madison, WI 53703 - Image 6
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115-131 W Washington Avenue, Madison, WI 53703 - Image 8
115-131 W Washington Avenue, Madison, WI 53703 - Image 9
Studio

Commercial Property for sale in Madison, WI

for $2,300,000. This 7,920 square foot building was built in 2004.

Explore the potential of a distinguished commercial space in the heart of Downtown Madison. Spanning 7,920 sq. ft. over 3 units on the ground floor of the iconic Loraine Building, this property stands just a block away from the Capitol Square. Originally constructed in 1924 and meticulously renovated in 2004, this offering is a standout for investors specializing in office or retail venues. The space is currently home to a dynamic mix of tenants including a bank, business center, coffee shop, legal firm, and barbershop, providing a diverse income stream. Situated within Madison’s Business Improvement District (BID), this location guarantees high visibility and foot traffic, making it an exceptional opportunity for those looking to invest in a prime office/retail property.

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Commercial Active

Price

$ 2,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 33,733

Style

Retail,Office,Commercial Condo

Year Built

2004

Town/City

Madison

County/Region

Dane

MLS | Web ID

1976687
Features
General
Lease Type Triple net Gross Renewal options
Features Private Restrooms Shared conference room Reception area Security lighting Private office(s)
Roof Rubber/membrane
Zoning DC
Occupancy Tenant(s) Vacant
Tenant Pays Taxes Heat Air Conditioning Electric Water Sewer Insurance Janitorial Trash Services Snow removal Parking All expenses
County Dane
Miscellaneous Internet - Cable Internet - DSL Internet -Fiber Available
Class Business/Comm
Present Use Retail Office Service
Net Income 163748
Location Business district Residential area Corner Near public transportatn
Tax Year 2023
Gross Income 196972
Fuel Natural gas
Status Active
Year Built 2004
Directions On the corner of W. Washington Ave and S. Fairchild St.
City Madison
Street Name Washington
DOM 27
Price Per Sq Ft Total 290.4
Open House Date No
County Qtr Section West Metro Madison
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Exterior
Exterior Brick Stucco Stone
Lot Size Area 0
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Interior
Total Number of Units 3
Heating/Cooling Forced air Central air Wall furnace
Stories 1
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* Excluded Features
List By
Accord Realty

Broker

(608) 577-9860

Phone

brandon@sellingdane.com

Email

Affordability Calculator

$18,098
Per Month
84%
16%
0%
Monthly Principal & Interest
$15,287
Monthly Property Taxes
$2,811
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1568291 Elementary School
1568554 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/8/2024$2,300,000 Listed Price

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115-131 W Washington Avenue, Madison, WI, 53703 is a Commercial Property for sale at $2,300,000 with 7,920 sqft. 115-131 W Washington Avenue is a studio with 0.0 baths and was built in 2004. The property's zip code is 53703 which is in Madison, WI

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