Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

702 E Johnson St,  Madison,  WI  53703 $200,000 Sold
702 E Johnson St,  Madison,  WI  53703
$200,000
Sold
More Photos
 Property Type Business/Commercial
 Parcel # 0709-132-1910-5
 County Dane
 Sub Area E01
 Municipality Madison
 MLS# 1888821
 Listing Date 07/20/2020
 Sold Price $199,000
 Close Date 10/18/2021 12:00 AM

MLS Public Remarks  Whether you're looking for space for your own office, retail or creative dance/art studio, this is a great opportunity to stop renting. Ideally located on Madison's near East side with fantastic exposure on E. Johnson St., this corner space features high ceilings, huge windows, beautiful natural lighting, & hardwood floors. Large private conference room with kitchenette, accessible bathroom area, storage closet & mechanical room. Seller has secured parking in the building through 9/2022.
Documents and Related Links  
1) RECR
2) Condo Addendum to RECR
3) Executive Summary
4) FIRPTA Addendum
5) Features & Updates
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  East Johnson On The Corner Of N Bount
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $29
  • Total Units/Bldg  2
  • Building Gross SqFt  1,104
  • Net Leasable SqFt  958
  • Year Built  1995
  • Source for Year Built  PubR
  • Approx Bldg Dimen  120x45
  • Street Frontage  40
  • Parking Fees/Mo.  $0
  • Onsite Parking  0
  • # of Stories  1
  • Ceiling Height Min  10
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  PD, WP-24
  • Est. Total Acres  0.0
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $15,000
  • Assessment Year  2020
  • Net Taxes  $4,353
  • Tax Year  2019
  • Improvements  $181,500
  • Total Assessment  $196,500
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $27,960
  • Annual Operating Exp  $10,477
  • Net Operating Income  $17,483
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 One year 08/31/2020 No $27,960 $29 $0 958
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included refrigerator, security panel, direct hot water tap system
    Items Excluded  sellers and tenants personal property
    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, Office, Restaurant/Supper Club, Retail, Service
  • Exterior Treatment  
  • Building Parking  Offsite
  • Roofing  Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Property Condition Report
  • Location  Business district, Corner, Near public transportatn
  • Tenant Pays  Air Conditioning, Electric, Heat
  • Present Use  Retail
  • Licenses  None
  • Lease Type  Other
  • Occupied by  
  • Sale Includes  N/A
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Alvarado Group, Inc