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Listed by Acres Realty
$ 2,200,000
Est. payment /mo
Active
4111 East Towne Boulevard Madison, WI 53704
15,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $146
Municipality MADISON
MLS Listing ID 2017189
Year Built 1990
Tax Year 2025
Lot Size 1.960 Acres
Property Description
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.
Location
State WI
County Dane
Zoning CC
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Forced Air, Central Air
Exterior
Roof Type Composition/Fiberglass
Building
Story 1
Sewer Municipal Water, Municipal Sewer
New Construction N
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