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2358 & 2402 East Springs Dr,  Madison,  WI  53704 $4,175,000 Sold
2358 & 2402 East Springs Dr,  Madison,  WI  53704
$4,175,000
Sold
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 Property Type Business/Commercial
 Parcel # 0810-272-0621-9
 County Dane
 Sub Area E08
 Municipality Madison
 MLS# 1943097
 Listing Date 07/12/2022
 Sold Price $4,175,000
 Close Date 09/09/2022 12:00 AM

MLS Public Remarks  SOLD COMP.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  I-90 To High Cross To East Springs Drive.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  2
  • Building Gross SqFt  29,728
  • Net Leasable SqFt  0
  • Year Built  2003
  • Source for Year Built  PubR
  • Approx Bldg Dimen  00x00
  • Street Frontage  264
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  Commercial
  • Est. Total Acres  3.13
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $984,000
  • Assessment Year  2022
  • Net Taxes  $94,672
  • Tax Year  2021
  • Improvements  $3,733,000
  • Total Assessment  $4,717,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,021
  • Gross Operating Income  $427,000
  • Annual Operating Exp  $0
  • Net Operating Income  $256,200
    • 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 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Zoned heating
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric, Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Retail, Shopping center/StripMall
  • Exterior Treatment  Brick, Steel, Stucco
  • Building Parking  56 or more spaces, Onsite, Paved
  • Roofing  All flat, Tar & gravel
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Blue prints, Certified survey map, Fixtures & equipment, Lease(s), P & L statement
  • Location  Business district, Free standing, Shopping center
  • Tenant Pays  Air Conditioning, Electric, Heat, Insurance, Janitorial, Parking, Sewer, Snow removal, Taxes, Trash Services, Water
  • Present Use  Retail, Shopping center/StripMall
  • Licenses  
  • Lease Type  Gross, Mixed lease types, Triple net
  • Occupied by  Tenant(s)
  • Sale Includes  Assets Only, Covenants, Customer list, Lease(s)
  • Features  Private Restrooms, Private office(s), Shared Restrooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of First Weber Inc