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518 Grand Canyon Dr,  Madison,  WI  53719 $1,600,000 Expired
518 Grand Canyon Dr,  Madison,  WI  53719
$1,600,000
Expired
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 Property Type Business/Commercial
 Parcel # 0708-252-0409-6
 County Dane
 Sub Area W07
 Municipality Madison
 MLS# 1885819
 Listing Date 06/15/2020

MLS Public Remarks  Price includes real estate & business assets - Outstanding opportunity to purchase a high profile restaurant/retail building in a prime location on the West side of Madison. This property features a 50,000+ sq/ft lot with 160 parking spaces, and building just under 10,000 sq/ft which was newly remodeled in 2014. Currently operated as a 360 seat dine-in restaurant and can easily accommodate fine dining or buffet set up. Roof 2014 and well maintained throughout. Great customer flow due to location next to several hotels including AmericInn Lodge & Suites West and Radisson Madison West. High traffic commercial corridor 1 minute away from West Towne Mall and the best shopping and dining Madison has to offer! Easy 12/18 Beltline access off Gammon Rd or Whitney Way exits.
Documents and Related Links  
1) RECR
2) Brochure
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  12/28 West, Right At Gammon Rd Exit, Right At Odana Rd, Right Onto Grand Canyon Dr.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $12
  • Total Units/Bldg  1
  • Building Gross SqFt  9,620
  • Net Leasable SqFt  9,620
  • Year Built  1984
  • Source for Year Built  PubR
  • Approx Bldg Dimen  120x80
  • Street Frontage  182
  • Parking Fees/Mo.  $0
  • Onsite Parking  160
  • # of Stories  1
  • Ceiling Height Min  10
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  CC
  • Est. Total Acres  1.22
  • Source Of Est Acres  PubR
  • Lot Dimensions  292x182
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $583,000
  • Assessment Year  2019
  • Net Taxes  $21,350
  • Tax Year  2019
  • Improvements  $367,000
  • Total Assessment  $950,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Triple Net 03/31/2025 Yes $120,000 $12 $0 9,620
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Real estate, business name, equipment, furniture, inventory, food truck and 3 food carts.
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  Over 100 persons
    • EXTERIOR FEATURES  
  • Type   Restaurant/Supper Club, Retail, Service
  • Exterior Treatment  
  • Building Parking  56 or more spaces, Onsite, Paved
  • Roofing  Composition, Partially flat, Tar & gravel
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Cert. of occupancy, Lease(s), P & L statement, Property Condition Report
  • Location  Business district, Free standing, Near Major Highway, Near public transportatn, Shopping center
  • Tenant Pays  All expenses
  • Present Use  Restaurant/Supper Club
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  Triple net
  • Occupied by  
  • Sale Includes  Business name, Equipment, Furniture, Inventory, Signs
  • Features  Inside storage, Private Restrooms, Public rest rooms, Shared Restrooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Inventure Realty Group, Inc