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701 Ridge St,  Madison,  WI  53705 $440,000 Sold
701 Ridge St,  Madison,  WI  53705
$440,000
Sold
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 Property Type Business/Commercial
 Parcel # 0709-212-0610-2
 County Dane
 Sub Area W13
 Municipality Madison
 MLS# 1937601
 Listing Date 06/23/2022
 Sold Price $440,000
 Close Date 09/16/2022 12:00 AM

MLS Public Remarks  Beautiful charming two-story, stone building/house that has been converted from a single-family use to an office use, however, can be converted back. 1st floor currently rented through November, upstairs was occupied by Architecture firm (owner). Would make a great location for an owner occupant business, art studio/gallery, music studio, architecture, designer. The opportunity is limitless. One block south of University Ave, within walking distance of numerous restaurants, shopping, and medical.
Documents and Related Links  
* 2 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  University Ave To Ridge St.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $14
  • Total Units/Bldg  2
  • Building Gross SqFt  2,024
  • Net Leasable SqFt  2,024
  • Year Built  1856
  • Source for Year Built  Othr
  • Approx Bldg Dimen  0x0
  • Street Frontage  103
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  9
  • Number of Loading Docks  0
  • Zoning  CC-T
  • Est. Total Acres  0.11
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $65,000
  • Assessment Year  2022
  • Net Taxes  $4,902
  • Tax Year  2021
  • Improvements  $205,000
  • Total Assessment  $270,000
    • 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 Gross 11/30/2022 Yes $14,400 $14 $0 1,100
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Tenant's personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Other foundation, Partial
  • Fuel  Electric
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Beauty/barber, Church, Office, Other, School, Service
  • Exterior Treatment  Stone
  • Building Parking  1-5 spaces, Onsite, Other
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Internet - Fiber
    • OTHER FEATURES  
  • Documents on File  Certified survey map, Lease(s), P & L statement
  • Location  Business district, Corner, Free standing, Near public transportatn, Residential area
  • Tenant Pays  No expenses
  • Present Use  Office, Service
  • Licenses  None
  • Lease Type  Gross
  • Occupied by  Owner, Tenant(s), Vacant
  • Sale Includes  Lease(s)
  • Features  Inside storage, Outside storage, Private office(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Commercial Real Estate Llc