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5606 Schroeder Rd,  Madison,  WI  53711 $1,750,000 Sold
5606 Schroeder Rd,  Madison,  WI  53711
$1,750,000
Sold
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 Property Type Business/Commercial
 Parcel # 0709-303-0108-4
 County Dane
 Sub Area W07
 Municipality Madison
 MLS# 1919251
 Listing Date 09/04/2021
 Sold Price $1,350,000
 Close Date 12/12/2022 12:00 AM

MLS Public Remarks  Redevelopment opportunity with tremendous Beltline Highway exposure and ease of access. Opportunity Zone City of Madison. Property with Beltline exposure is hard to come by and this site is ready to be redeveloped to take advantage of the tremendous linkages to West Madison! Numerous iconic Madison businesses nearby and located next door to brand new apartment building. Currently two small buildings on the site. Owner to vacate property at closing.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Whitney Way And Schroeder Road. Property Is Located West Of The Intersection Adjacent To Beltline Off Ramp.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  2
  • Building Gross SqFt  3,841
  • Net Leasable SqFt  3,841
  • Year Built  1965
  • Source for Year Built  PubR
  • Approx Bldg Dimen  00x00
  • Street Frontage  345
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  14
  • Ceiling Height Max  14
  • Number of Loading Docks  0
  • Zoning  CC-T
  • Est. Total Acres  1.58
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $528,000
  • Assessment Year  2021
  • Net Taxes  $18,568
  • Tax Year  2020
  • Improvements  $302,000
  • Total Assessment  $830,000
    • 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 None None 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included None. Tenant and Owners personal property not included.
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Other
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  51-75 persons
    • EXTERIOR FEATURES  
  • Type   Other, Restaurant/Supper Club, Retail, Service
  • Exterior Treatment  Stucco, Wood
  • Building Parking  21-35 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Internet - Cable
    • OTHER FEATURES  
  • Documents on File  Property Condition Report, Traffic count
  • Location  Corner, Free standing, Near Major Highway, Near public transportatn
  • Tenant Pays  N/A
  • Present Use  Restaurant/Supper Club, Retail, Service
  • Licenses  None
  • Lease Type  None
  • Occupied by  Owner
  • Sale Includes  N/A
  • Features  Display window, Public rest rooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Keller Real Estate, Llc