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8201 Mayo Dr 111,  Madison,  WI  53719 $224,900 Sold
8201 Mayo Dr 111,  Madison,  WI  53719
$224,900
Sold
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 Property Type Business/Commercial
 Parcel # 070834428033
 County Dane
 Sub Area W08
 Municipality Madison
 MLS# 1839286
 Listing Date 08/16/2018
 Sold Price $212,500
 Close Date 10/01/2018 12:00 AM

MLS Public Remarks  RARE OPPORTUNITY to Own a Commercial Corner Condominium Unit - Reception/Lobby area, 4 Office rooms, Large conference room, 2 baths, snack area with microwave area, built in cabinets, sink and dishwasher, 3 copier/storage areas and 1 large 42x13 foot storage area. Includes use of adjacent patio area. City park located across the street, which recently was upgraded with sports and leisure equipment. Building completed August 2007 and unit 111 build out completed November 2013. Monthly condo fee is $184 and includes offsite management, lawn care, snow removal, insurance and common area maintenance.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  111
  • Directions  South On High Point, West On Starr Grass, South On Waldorf To Mayo
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $9
  • Total Units/Bldg  50
  • Building Gross SqFt  92,112
  • Net Leasable SqFt  2,613
  • Year Built  2007
  • Source for Year Built  Othr
  • Approx Bldg Dimen  300x75
  • Street Frontage  40
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  4
  • Ceiling Height Min  9
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  PD
  • Est. Total Acres  1.25
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $12,700
  • Assessment Year  0
  • Net Taxes  $3,952
  • Tax Year  2017
  • Improvements  $182,300
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $22,800
  • Gross Operating Income  $22,800
  • Annual Operating Exp  $6,160
  • Net Operating Income  $16,640
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 1 year 07/31/2019 0 $22,800 $9 $0 2,613
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Commercial Condo, Mixed use, Office, Retail, Service
  • Exterior Treatment  
  • Building Parking  36-55 spaces, Offsite, Onsite, Paved, Shared
  • Roofing  Composition, Metal
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Blue prints, Lease(s)
  • Location  Corner, Residential area
  • Tenant Pays  Air Conditioning, Electric, Heat, Insurance, Sewer, Water
  • Present Use  Office, Service
  • Licenses  
  • Lease Type  Annual
  • Occupied by  
  • Sale Includes  N/A
  • Features  3 phase electric, Display window, Inside storage, Internal sprinkler, Private Restrooms, Private office(s), Reception area



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of American, Realtors