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520 & 522 & 528 State St,  Madison,  WI  53703 $3,495,000 Expired
520 & 522 & 528 State St,  Madison,  WI  53703
$3,495,000
Expired
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 Property Type Business/Commercial
 Parcel # 070914420206
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1889341
 Listing Date 07/24/2020

MLS Public Remarks  520-522 State St, 528 State St, and 430 W Gilman St. 3 parcel investment portfolio available in downtown Madison, WI. Two buildings are mixed-use commercial & residential located on historic State Street and one commercial building located on adjacent W. Gilman St. Surrounded by the active UW campus and bustling downtown nightlife as well as easy access to west or east Madison.
Documents and Related Links  
* 5 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  From E Washington Ave North On N Franklin St Then W On E Gorham St Then North On N Broom St Or Hwy 12/18 To John Nolan Dr Then Go North On N Broom St.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  18
  • Building Gross SqFt  21,082
  • Net Leasable SqFt  14,514
  • Year Built  1928
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0
  • Street Frontage  0
  • Parking Fees/Mo.  $300
  • Onsite Parking  8
  • # of Stories  3
  • Ceiling Height Min  12
  • Ceiling Height Max  13
  • Number of Loading Docks  0
  • Zoning  DC
  • Est. Total Acres  0.25
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $561,000
  • Assessment Year  2020
  • Net Taxes  $49,634
  • Tax Year  2019
  • Improvements  $1,764,000
  • Total Assessment  $2,325,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,018
  • Gross Operating Income  $343,922
  • Annual Operating Exp  $197,076
  • Net Operating Income  $146,846
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 See leases 0 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included All attached fixtures, HVAC systems, stoves, refrigerators and other appliances not including property owned by tenants in occupancy
    Items Excluded  Personal property of tenants in occupancy.
    INTERIOR FEATURES  
  • Heating/Cooling  Other
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Beauty/barber, Retail, Tavern
  • Exterior Treatment  
  • Building Parking  Onsite
  • Roofing  All flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Near public transportatn
  • Tenant Pays  Electric, Parking
  • Present Use  Beauty/barber shop, Retail, Tavern
  • Licenses  
  • Lease Type  Renewal options
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Property Management, Inc.