Listing Courtesy of: Acres Realty
Listing Agent: Kevin Visel
608-556-2088
True value-add opportunity for an investor or owner occupant! 7.3% CAP on existing rents with 45% vacancy plus a 7,500 sf vacant basement provide considerable upside to a new owner. Recent improvements: Full parking lot replacement in 2023. Basement has been trenched and drain-tiled and is fully dry! Ready for improvements or use for storage space - bathrooms stubbed in. Newly built out offices and updated lighting on the first floor. Second floor is fully improved with new lighting and flooring. Truly turn-key leasable space! Side entrances provide a separate entrance/exit for upstairs tenant(s). 1st floor leased to a non-profit, providing support services to children. Building is currently tax-exempt and sets up well for either a for-profit or another non-profit org upstairs. Don't pass this one by.
| Mls #: | 2017189 |
|---|---|
| List Price: | $2,200,000 |
| Class: | Business/Commercial |
| Status: | Active |
| Net Taxes: | $0 |
| Est. Total Acres: | 1.96 |
| Waterfront?: | No |
| Municipality: | Madison |
| County: | Dane |
| ZIP: | 53704 |
| Year Built: | 1990 |
| Total Units/Bldg.: | 3 |
| Location: | Madison-C E08 |
| State: | WI |
| Price Per Sqft: | $146.67 |
| C/T/V: | City |
| Re Sale: | Yes |
| Business Sale: | No |
| Lease Only: | No |
| U1 Renewal Option: | Yes |
| U2 Lease Type: | Vacant |
| Zoning: | CC |
| Approx. Bldg. Dimen.: | 107x70 |
| Onsite Parking: | Yes - 60 |
| U1 Lease Type: | MG |
| U1 Lease Exp. Date: | 11/30/28 |
| U3 Lease Type: | Vacant |
| Ceiling Height Min: | 8 |
| Ceiling Height Max: | 8 |
| Number Of Loading Docks: | 0 |
| Total Assess Year: | 2025 |
| Tax Year: | 2025 |
| Income/Expenses Year: | 2026 |
| # Of Stories: | 1 |
| Bldg Gross Sq Ft: | 15,000 |
| Net Operating Income: | $22,500 |
| Gross Operating Income: | $176,762 |
| Annual Operating Exp: | $16,048 |
| U1 Base Annual Rent: | $192,671 |
| Annual Rent/Sq Ft: | $20.65 |
| U1 Annual Rent/Sq Ft: | $23.19 |
| Source Of Est. Acres: | Other |
| Source Of Year Built: | Other |
| County Qtr Section: | East Metro Madison |
| Parcel Id: | 0810-284-0918-5 |
| U1 Gross Sq Ft: | 8,310 |
| U2 Gross Sq Ft: | 6,690 |
| U3 Gross Sq Ft: | 7,500 |
| Type: | Office, Day care |
| Location: | Business district |
| Present Use: | Office, Day care |
| Exterior: | Vinyl |
| Roofing: | Composition |
| Water/Waste: | Municipal water, Municipal sewer |
| Heating/Cooling: | Forced air, Central air |
| Fuel: | Natural gas |
| Building Parking: | 56 or more spaces, Onsite, Paved |
| Licenses: | Other |
| Sale Includes: | Lease(s) |
| Documents On File: | Lease(s) |
| Tenant Pays: | Heat, Electric, Water, Sewer, Trash Services, Snow removal |
| Lease Type: | Partial net |
| Features: | Private Restrooms, Security system |
| Occupancy: | Tenant(s), Vacant |
| Basement: | Full |
| Directions: | From E Wash, turn on Eagan Rd, then first right. Turn left onto driveway from East Towne Blvd. |
| Items Excluded: | Tenant personal property |
Mortgage Calculator
The data on this website relating to real estate for sale comes in part from the IDX Program of the South Central Wisconsin Multiple Listing Service.
All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.
© 2026 South Central Wisconsin Multiple Listing Service.
South Central Wisconsin Multiple Listing Service data last updated on October 08, 2026 04:31 PM - CT.
Property Last Updated: October 08, 2026 04:31 PM - CT
