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502 Atlas Ave,  Madison,  WI  53714 $525,000 Sold
502 Atlas Ave,  Madison,  WI  53714
$525,000
Sold
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 Property Type Business/Commercial
 Parcel # 071009102056
 County Dane
 Sub Area E11
 Municipality Madison
 MLS# 1942779
 Listing Date 09/02/2022
 Sold Price $525,000
 Close Date 12/19/2022 12:00 AM

MLS Public Remarks  Madison east side office building for sale! Nestled in a wooded area of an established business park, 502 Atlas Ave. is an office building that is comprised may many private offices and an abundant of green space for one to enjoy. The building has two floors (main and lower), and each floor has many private offices. Most of the private offices on the main floor have near floor to ceiling windows overlooking the lawn and trees, and vaulted ceilings. Some cosmetic updates where made to the building in the past year. Currently, building is occupied by a childcare center who is looking to relocate, which makes this a great opportunity for an owner occupant buyer. Please do not bother current Tenant/Business. Buyer to be responsible for measurements if important to Buyer.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Off Hwy 51, East On Cottage Grove Rd, Turn North Onto Atlas Ave
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  6498
  • Building Gross SqFt  6,498
  • Net Leasable SqFt  6,498
  • Year Built  1973
  • Source for Year Built  PubR
  • Approx Bldg Dimen  64x64
  • Street Frontage  116
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  2
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  IL
  • Est. Total Acres  0.88
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $149,500
  • Assessment Year  2022
  • Net Taxes  $11,566
  • Tax Year  2021
  • Improvements  $419,500
  • Total Assessment  $569,000
    • 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 0 0 0 $0 $0 $0 6,495
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Tenant's personal/business property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Other
  • Water/Waste  Municipal water
  • Basement  Full
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Day care, Office, School
  • Exterior Treatment  Brick, Vinyl
  • Building Parking  11-20 spaces, Onsite
  • Roofing  Other
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Free standing
  • Tenant Pays  N/A
  • Present Use  Day care, Office, School
  • Licenses  
  • Lease Type  Month to month
  • Occupied by  
  • Sale Includes  N/A
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Plato Commercial Real Estate, Llc