MLS Public Remarks Downtown bar/restaurant or retail building for sale. Exposed brick wall and decorative metal railing on stairwell create that great architectural downtown vibe everyone wants. Space has presentation kitchen, 2 full bars, ample seating on two levels, with prep area and liquor locker in lower level. All FF&E in the building is included. Entrances on State Street and N Carroll Street with service entrance to lower level. Also available for lease at $23.50/SF NNN.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions 20 Ft Frontage On State Street, Downtown Madison, W With 37 Ft Frontage On Carroll St.
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 1
Building Gross SqFt 5,626
Net Leasable SqFt 5,626
Year Built 1938
Source for Year Built PubR
Approx Bldg Dimen 8119
Street Frontage 20
Parking Fees/Mo. $0
Onsite Parking N
# of Stories 2
Ceiling Height Min 8
Ceiling Height Max 18
Number of Loading Docks 0
Zoning PD
Est. Total Acres 0.08
Source Of Est Acres PubR
Lot Dimensions 3294SF
Owner
Tradename
Land Assessment $180,000
Assessment Year 2023
Net Taxes $20,820
Tax Year 2023
Improvements $985,000
Total Assessment $1,165,000
Income/Expenses Year $2,023
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 |
0 |
0 |
0 |
$0 |
$0 |
$0 |
5,626 |
2 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included Some FF&E in the building is included, call for details.
Items Excluded
Heating/Cooling Central air, Forced air
Water/Waste Municipal water
Basement Full
Fuel Natural gas
Seating Capacity
Type Restaurant/Supper Club, Retail, Service, Tavern
Exterior Treatment Brick
Building Parking No Parking
Roofing Other
Terms/Option
Miscellaneous
Documents on File
Location Business district, Free standing
Tenant Pays N/A
Present Use Restaurant/Supper Club, Retail, Service, Tavern
Licenses
Lease Type Triple net
Occupied by Vacant
Sale Includes Equipment
Features Inside storage, Private office(s), Public rest rooms
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Altus Commercial Real Estate, Inc.