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5020 American Family Dr,  Madison,  WI  53783 $2,700,000 Sold
5020 American Family Dr,  Madison,  WI  53783
$2,700,000
Sold
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 Property Type Business/Commercial
 Parcel # 081022101084
 County Dane
 Sub Area E07
 Municipality Madison
 MLS# 1887778
 Listing Date 02/24/2020
 Sold Price $2,450,000
 Close Date 04/15/2021 12:00 AM

MLS Public Remarks  Formerly the Noah's Event Venue building. Situated in one of Dane county's premier business parks, The American Center. Located off of Hwy 151, and I-39/I-90/I94 and minutes away from hotels, UW Health, East Towne Mall and Sun Prairie major retail outlets. With an attractive exterior and extensive parking the building consists of 8,919 sq. ft of stunning decor and design, and can easily be used again as an event venue with a capacity of over 400 attendees. Layout includes: main gathering hall, secondary gathering hall, groom's room, bride's room, prep kitchen, grand entry, and two semi-enclosed patio areas. Many other uses could also be considered with "CC" zoning, including: medical/dental office, daycare, school, restaurant, brewpub taproom, church event center, funeral home, etc.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  5020 American Family Drive
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  1
  • Building Gross SqFt  8,919
  • Net Leasable SqFt  8,919
  • Year Built  2016
  • Source for Year Built  PubR
  • Approx Bldg Dimen  84x115
  • Street Frontage  399
  • Parking Fees/Mo.  $0
  • Onsite Parking  86 Surface
  • # of Stories  1
  • Ceiling Height Min  12
  • Ceiling Height Max  16
  • Number of Loading Docks  0
  • Zoning  cc
  • Est. Total Acres  2.13
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $556,700
  • Assessment Year  2019
  • Net Taxes  $67,023
  • Tax Year  2019
  • Improvements  $2,153,000
  • Total Assessment  $2,709,700
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • 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 0 0 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Furniture Fixtures, Equipment and Inventory are included. Marble tables, chairs, prep kitchen equipment, electronic equipment, games, pictures, etc.
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Zoned heating
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric, Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Church, Day care, Office, Restaurant/Supper Club, Retail
  • Exterior Treatment  
  • Building Parking  56 or more spaces, Onsite, Paved
  • Roofing  All flat, Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Corner, Free standing, Industrial park, Near Major Highway
  • Tenant Pays  All expenses
  • Present Use  Other, Recreation, Service
  • Licenses  
  • Lease Type  Triple net
  • Occupied by  
  • Sale Includes  Assets Only, Equipment, Furniture, Inventory
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Keller Williams Realty