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2423 University Ave,  Madison,  WI  53726 $835,000 Sold
2423 University Ave,  Madison,  WI  53726
$835,000
Sold
 Property Type Business/Commercial
 Parcel # 0709-211-0605-5
 County Dane
 Sub Area W14
 Municipality Madison
 MLS# 1897612
 Listing Date 11/06/2020
 Sold Price $840,000
 Close Date 04/09/2021 12:00 AM

MLS Public Remarks  Madison near westside location on University Avenue, near University Hospital and Clinics, across the street from the InnTowner Hotel and adjacent next door to Pasture and Plenty. Home to family-owned retail business for over 24 years! A downtown commercial property with 14+ parking spaces! Monthly rental income of $370 for 5 of the spaces. Plenty of possibilities given the single story size of the building, great location and size of lot that facilitates customer/client parking. The interior professionally displays the owner's inventory. Note that the business is not included - real estate only.
Documents and Related Links  
1) Seller Disclosure Report - Commercial
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Near Corner Of Highland Ave And University Ave.
    • 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  2,893
  • Net Leasable SqFt  2,893
  • Year Built  1926
  • Source for Year Built  PubR
  • Approx Bldg Dimen  1x1
  • Street Frontage  96
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  1
  • Ceiling Height Max  1
  • Number of Loading Docks  0
  • Zoning  TSS
  • Est. Total Acres  0.2
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $121,000
  • Assessment Year  2020
  • Net Taxes  $11,714
  • Tax Year  2019
  • Improvements  $420,000
  • Total Assessment  $541,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,020
  • 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 Unit 1 na 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Suzen Sez Business and Equipment, Furniture and Furnishings associated with Suzen Sez are not included.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured concrete foundatn
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Retail, Service
  • Exterior Treatment  
  • Building Parking  11-20 spaces, Paved
  • Roofing  All flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Near public transportatn
  • Tenant Pays  N/A
  • Present Use  Retail
  • Licenses  
  • Lease Type  None
  • Occupied by  
  • Sale Includes  N/A
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Coldwell Banker Real Estate Gr