MLS Public Remarks An amazing investment opportunity is now available in downtown Madison, WI! 520-522 State St. is a 3 story mixed-use building with one commercial space on the main level and 11 apartment units above. 528 State St. is a 2 story mixed-use building with one commercial space on the main level and 3 apartment units above. Beautiful craftsmanship and attention to detail throughout each buildings is evident. Both properties have parking spaces available in the rear with a shared driveway access. A rare find for a State Street property and a draw for any commercial tenant! Parking spaces are currently used by the commercial employees and customers. State St. has remained one of Dane Counties most recognizable and walked streets as well as a sought after destination for any resident or business.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions John Nolan Dr. To S. Broom St. Head North On Broom St Until You Cross W. Gorham St.
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 16
Building Gross SqFt 16,702
Net Leasable SqFt 11,714
Year Built 1928
Source for Year Built PubR
Approx Bldg Dimen 0x0
Street Frontage 66
Parking Fees/Mo. $0
Onsite Parking 6
# of Stories 3
Ceiling Height Min 8
Ceiling Height Max 10
Number of Loading Docks 0
Zoning DC
Est. Total Acres 0.2
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename
Land Assessment $485,000
Assessment Year 2021
Net Taxes $41,858
Tax Year 2021
Improvements $1,470,000
Total Assessment $1,955,000
Income/Expenses Year $0
Gross Operating Income $0
Annual Operating Exp $0
Net Operating Income $0
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
2 - Commer |
See leases |
0 |
$0 |
$0 |
$0 |
0 |
2 |
14 - Res |
See leases |
0 |
$0 |
$0 |
$0 |
0 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included 14 refrigerators, 13 stoves/ovens, 3 boilers, 3 water heaters, 1 coin op washer, 1 coin op dryer, window coverings for the residential units
Items Excluded Sellers and tenants personal belongings.
Heating/Cooling Steam
Water/Waste Municipal sewer, Municipal water
Basement Full
Fuel Natural gas
Seating Capacity
Type Apartment building, Beauty/barber, Retail
Exterior Treatment Brick
Building Parking 6-10 spaces, Onsite, Paved
Roofing All flat, Rubber/membrane
Terms/Option
Miscellaneous
Documents on File
Location Business district, Near public transportatn
Tenant Pays Electric
Present Use Apartment building, Beauty/barber shop, Retail
Licenses
Lease Type Mixed lease types
Occupied by
Sale Includes Equipment
Features
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Madison Property Management, Inc.