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416-422 Commerce Dr,  Madison,  WI  53719 $3,395,000 Expired
416-422 Commerce Dr,  Madison,  WI  53719
$3,395,000
Expired
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 Property Type Business/Commercial
 Parcel # 070827101068
 County Dane
 Sub Area W05
 Municipality Madison
 MLS# 1888388
 Listing Date 07/15/2020

MLS Public Remarks  1.96 Acre commercial corner lot zoned CC commercial. This 2 parcel lot is located right at the intersection of Mineral Point Rd & Junction Rd. with high visibility. 416 Commerce Dr. is currently occupied by O'Reilly Auto Parts with a 16,240 sq.ft. freestanding building and 422 Commerce Dr. is a 3,000 sq.ft. freestanding building with two overhead drive in doors this building is currently vacant. This is an excellent west side location surrounded by Target, Menards, Trek Bicycle, Lands' End, Old Navy, Party City, Pet Smart and many other major retailers.
Documents and Related Links  
* 4 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Mineral Point Rd. To Commerce Dr.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $13
  • Total Units/Bldg  2
  • Building Gross SqFt  19,240
  • Net Leasable SqFt  19,240
  • Year Built  1994
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  8
  • Ceiling Height Max  16
  • Number of Loading Docks  0
  • Zoning  CC
  • Est. Total Acres  1.96
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $1,005,000
  • Assessment Year  2020
  • Net Taxes  $56,094
  • Tax Year  2019
  • Improvements  $1,803,000
  • Total Assessment  $2,808,000
    • 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 NNN 12/31/2024 Yes $210,259 $13 $0 16,240
    2 NNN MTM No $45,000 $15 $0 3,000
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Tenants personal property.
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Automotive, Other, Retail, Service, Warehouse
  • Exterior Treatment  
  • Building Parking  Onsite
  • Roofing  All flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Property Condition Report, Restrictions/Covenants
  • Location  Free standing, Near Major Highway, Near public transportatn
  • Tenant Pays  Air Conditioning, Electric, Heat, Insurance, Janitorial, Parking, Sewer, Snow removal, Taxes, Trash Services, Water
  • Present Use  Automotive, Other, Retail, Warehouse
  • Licenses  
  • Lease Type  Partial net, Triple net
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  Loading dock(s), Overhead doors, Private Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Property Management, Inc.