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Paula Dollard
Mobile: (608) 469-3374
[email protected]

2322 Atwood Ave,  Madison,  WI  53704 $1,359,000 Sold
2322 Atwood Ave,  Madison,  WI  53704
$1,359,000
Sold
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 Property Type Business/Commercial
 Parcel # 0710-064-3705-0
 County Dane
 Sub Area E09
 Municipality Madison
 MLS# 1928856
 Listing Date 03/04/2022
 Sold Price $1,082,000
 Close Date 05/27/2022 12:00 AM

MLS Public Remarks  Well maintained brick mixed use building for sale on Atwood Avenue. A rare opportunity to purchase a thriving building in a great location! The Chocolate Shoppe recently moved in and remodeled their whole unit. Cafe Brittoli revitalized the backyard into a beautiful outdoor seating space. The residential units upstairs have potential to increase income upon renewals.
Documents and Related Links  
1) Brochure
2) Confidentiality Agreement
3) Floor Plans
4) Addendum S
5) Seller Disclosure Report
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Atwood Ave East From Downtown. Building Will Be On Left, Across The Street From Martin Glass Company.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $18
  • Total Units/Bldg  4
  • Building Gross SqFt  8,023
  • Net Leasable SqFt  5,144
  • Year Built  1910
  • Source for Year Built  PubR
  • Approx Bldg Dimen  999x999
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  0
  • # of Stories  2
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  TSS
  • Est. Total Acres  0.12
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $51,000
  • Assessment Year  2021
  • Net Taxes  $17,962
  • Tax Year  2020
  • Improvements  $792,000
  • Total Assessment  $843,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,021
  • Gross Operating Income  $84,288
  • 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 Modified 4/30/2025 Yes $27,456 $18 $0 1,500
    2 Modified 5/31/2024 Yes $26,957 $18 $0 1,500
    3 - 0 0 $0 $0 $0 0
    Items Included N/A
    Items Excluded  Personal property of the tenants.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
  • Fuel  Natural gas
  • Seating Capacity  76-100 persons
    • EXTERIOR FEATURES  
  • Type   Apartment building, Other, Retail, Shopping center/StripMall
  • Exterior Treatment  Brick
  • Building Parking  No Parking
  • Roofing  All flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), P & L statement, Property Condition Report
  • Location  Business district
  • Tenant Pays  Electric, Heat
  • Present Use  Retail
  • Licenses  
  • Lease Type  Gross, Mixed lease types, Multiple years, Renewal options
  • Occupied by  Tenant(s)
  • Sale Includes  Lease(s)
  • Features  Private Restrooms, Public rest rooms, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of First Weber Inc