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414 Atlas Ave,  Madison,  WI  53714 $500,000 Sold
414 Atlas Ave,  Madison,  WI  53714
$500,000
Sold
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 Property Type Business/Commercial
 Parcel # 0710-091-0206-4
 County Dane
 Sub Area E11
 Municipality Madison
 MLS# 1898509
 Listing Date 11/25/2020
 Sold Price $350,000
 Close Date 07/29/2022 12:00 AM

MLS Public Remarks  First time on the market! This spacious, high-ceilinged office building is available for the first time. Featuring a beautiful atrium with wood ceilings, this spot on Madison's east side has been a great place for the tenant to establish their center of business operations. Tenant has flexibility to renew or allow for buyer to owner occupy at end of lease. A solid rental history, full basement with walk-out, new furnace, and well-maintained grounds make this a great buy for any investor. Measurements are approximate and should be verified by buyer if important. Neighboring property, 502 Atlas Ave, is also available for purchase.
Documents and Related Links  
1) RECR
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  From Cottage Grove Rd, Turn North On Atlas Ave. Continue About A Half Of A Mile, The Office Building Is On The Left
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $11
  • Total Units/Bldg  1
  • Building Gross SqFt  6,000
  • Net Leasable SqFt  6,000
  • Year Built  1978
  • Source for Year Built  PubR
  • Approx Bldg Dimen  64x50
  • Street Frontage  116
  • Parking Fees/Mo.  $0
  • Onsite Parking  12
  • # of Stories  1
  • Ceiling Height Min  10
  • Ceiling Height Max  20
  • Number of Loading Docks  0
  • Zoning  IL
  • Est. Total Acres  0.95
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $160,500
  • Assessment Year  2020
  • Net Taxes  $12,147
  • Tax Year  2019
  • Improvements  $381,500
  • Total Assessment  $542,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $66,000
  • Annual Operating Exp  $3,000
  • Net Operating Income  $63,000
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Mixed MTM 0 $66,000 $11 $0 6,000
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Seller's or tenant's property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Walkout/Outside entrance
  • Fuel  Natural gas
  • Seating Capacity  51-75 persons
    • EXTERIOR FEATURES  
  • Type   Office
  • Exterior Treatment  Brick, Wood
  • Building Parking  11-20 spaces
  • Roofing  Other
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district
  • Tenant Pays  Air Conditioning, Electric, Heat, Janitorial, Sewer, Trash Services, Water
  • Present Use  Office
  • Licenses  None
  • Lease Type  Mixed lease types
  • Occupied by  Tenant(s)
  • Sale Includes  N/A
  • Features  Private office(s), Reception area, Shared Restrooms, Shared conference room



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Exit Realty Hgm