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422 Commerce Dr,  Madison,  WI  53719 $659,000 Sold
422 Commerce Dr,  Madison,  WI  53719
$659,000
Sold
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 Property Type Business/Commercial
 Parcel # 070827101068
 County Dane
 Sub Area W05
 Municipality Madison
 MLS# 1928063
 Listing Date 02/21/2022
 Sold Price $645,000
 Close Date 12/23/2022 12:00 AM

MLS Public Remarks  Vacant 3,000 sq.ft. freestanding commercial building zoned CC located at the corner of Mineral Point Rd & Junction Rd. on Madison's west side. Ample parking onsite with a 20,767 sq.ft. lot and with the potential to expand the parking pavement out to the monument sign (subject to city approval). Steal frame structure, 16ft ceiling height, well insulated, two overhead drive in doors, concrete floors, large floor drain, 2 restrooms and great visibility in a high traffic area. This is an excellent location surrounded by Target, Menards, Trek Bicycle, Lands' End, Old Navy, Party City, Pet Smart and many other major retailers.
Documents and Related Links  
* 3 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Mineral Pt. Rd To Commerce Dr.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $16
  • Total Units/Bldg  1
  • Building Gross SqFt  3,000
  • Net Leasable SqFt  3,000
  • Year Built  1992
  • Source for Year Built  PubR
  • Approx Bldg Dimen  60x50
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  8
  • Ceiling Height Max  16
  • Number of Loading Docks  0
  • Zoning  CC
  • Est. Total Acres  0.47
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $125,000
  • Assessment Year  2021
  • Net Taxes  $8,412
  • Tax Year  2021
  • Improvements  $295,000
  • Total Assessment  $420,000
    • 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 VACANT VACANT 0 $49,500 $16 $0 3,000
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air, Other, Radiant
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Industrial, Retail
  • Exterior Treatment  Aluminum, Brick, Other, Steel Frame
  • Building Parking  Onsite, Paved
  • Roofing  All flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Corner, Free standing, Near Major Highway, Near public transportatn
  • Tenant Pays  Air Conditioning, All expenses, Electric, Heat, Insurance, Janitorial, Parking, Sewer, Snow removal, Taxes, Trash Services, Water
  • Present Use  All vacant, Industrial, Retail, Warehouse
  • Licenses  
  • Lease Type  Triple net
  • Occupied by  Vacant
  • Sale Includes  N/A
  • Features  Overhead doors, Private Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Property Management, Inc.