Presented by...
Carolyn Doering
Mobile: (608) 284-0277
Work: (608) 441-7777
[email protected]

 Property Type Business/Commercial
 Parcel # 0610-032-2772-1
 County Dane
 Sub Area D29
 Municipality McFarland
 MLS# 1946629
 Listing Date 11/09/2022
 Sold Price $500,000
 Close Date 03/08/2024 12:00 AM

MLS Public Remarks  Waubesa Shores Condos is a mixed use development on beautiful Lake Waubesa in McFarland. This 2019 built 3-story property is home to 29 luxury condos and high end clientele neighbors along the lake front. Conveniently located just off Hwy-51, downtown Madison is only 12 minutes away! 11 deeded surface parking spaces included as well as two large deeded climate controlled storage units. Additional street parking right out front. This modern office buildout is ideal for a professional office for 5-8 users or a boutique service business. Unit 113 is leased until August 2026 by an upscale salon and has two 5-yr options with escalations built in. Here is a unique opportunity to grow your portfolio or operate your business in a thriving Dane Co neighborhood!
Documents and Related Links  
* 8 Documents Not Available via MLS
LOCATION  
  • Location  Village
  • Other Marketing Area  
  • Mailing City  McFarland
  • C/T/V  Village
  • Unit #  112
  • Directions  Hwy 51, South To Larson Beach Rd, West To Property
  • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $27
  • Total Units/Bldg  31
  • Building Gross SqFt  1,689
  • Net Leasable SqFt  1,689
  • Year Built  2019
  • Source for Year Built  Bldr
  • Approx Bldg Dimen  280X42
  • Street Frontage  56
  • Parking Fees/Mo.  $237
  • Onsite Parking  yes
  • # of Stories  3
  • Ceiling Height Min  10
  • Ceiling Height Max  12
  • Number of Loading Docks  0

  • Zoning  comm
  • Est. Total Acres  2.0
  • Source Of Est Acres  Plat
  • Lot Dimensions  341X115
  • Owner  
  • Tradename  
  • ASSESSMENT & TAXES  
  • Land Assessment  $145,600
  • Assessment Year  2021
  • Net Taxes  $9,794
  • Tax Year  2021
  • Improvements  $378,400
  • Total Assessment  $524,000
  • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $21,649
  • 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 7-31-2026 Yes $21,649 $27 $0 740
    2 Vacant 0 0 $0 $0 $0 949
    3 - 0 0 $0 $0 $0 0
    Items Included n/a
    Items Excluded  Salon FF&E belongs to tenant. Office FF&E negotiable.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured concrete foundatn
  • Fuel  Electric, Natural gas
  • Seating Capacity  11-20 persons
  • EXTERIOR FEATURES  
  • Type   Commercial Condo, Office, Other, Retail, Service
  • Exterior Treatment  Aluminum, Brick, Fiber cement, Stone
  • Building Parking  11-20 spaces, Onsite, Paved
  • Roofing  All flat, Rubber/membrane
  • Terms/Option  Land contract, Seller may assist
  • Miscellaneous  Internet - Cable, Internet- Fiber available, Waterfront
  • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report, Restrictions/Covenants
  • Location  Residential area
  • Tenant Pays  Air Conditioning, Electric, Heat, Insurance
  • Present Use  Beauty/barber shop, Office
  • Licenses  
  • Lease Type  Escalators, Gross, Renewal options
  • Occupied by  Tenant(s), Vacant
  • Sale Includes  Lease(s)
  • Features  Inside storage, Residential unit(s)



  • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Exp Realty, Llc