MLS Public Remarks Make a statement for your business in this bright and well-kept office building with excellent visibility on Cottage Grove Rd and on bus line! This building is perfectly suited for an owner-occupant as there is an opportunity to occupy over half of the building and/or to receive rental income from additional units to offset expenses. No deferred maintenance! Maintenance items completed in the last 4 years include: roof replacement, parking lot resurfacing, and 2 new HVAC systems. Building is ADA compliant and elevator serviced. Income from on-site ATM is $750/mo. Owner holds a WI real estate license.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions From Stoughton Rd, East On Cottage Grove Rd, Then Left On Flora Ln To First Weber Building
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $21
Total Units/Bldg 4
Building Gross SqFt 8,589
Net Leasable SqFt 8,589
Year Built 1994
Source for Year Built PubR
Approx Bldg Dimen 90x50
Street Frontage 50
Parking Fees/Mo. $0
Onsite Parking Y
# of Stories 2
Ceiling Height Min 1
Ceiling Height Max 1
Number of Loading Docks 0
Zoning CC-T
Est. Total Acres 0.6
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename
Land Assessment $120,000
Assessment Year 2023
Net Taxes $18,740
Tax Year 2022
Improvements $842,300
Total Assessment $962,300
Income/Expenses Year $2,023
Gross Operating Income $186,799
Annual Operating Exp $59,152
Net Operating Income $127,647
| Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
| 1 |
Gross |
8/31/24 |
No |
$108,280 |
$21 |
$0 |
5,115 |
| 2 |
Gross |
12/31/28 |
Yes |
$55,224 |
$20 |
$0 |
2,822 |
| 3 |
Gross |
7/31/24 |
Yes |
$14,857 |
$23 |
$0 |
652 |
Items Included
Items Excluded Tenants' furniture, equipment, and personal property
Heating/Cooling Central air, Forced air
Water/Waste Municipal sewer, Municipal water
Basement Slab/None
Fuel Natural gas
Seating Capacity
Type Office
Exterior Treatment Brick, Wood
Building Parking 36-55 spaces, Onsite, Paved
Roofing Composition
Terms/Option
Miscellaneous
Documents on File Lease(s), P & L statement
Location Business district
Tenant Pays Janitorial
Present Use Office
Licenses None
Lease Type Gross
Occupied by Tenant(s)
Sale Includes N/A
Features Passenger elevator, Private Restrooms, Private office(s), Public rest rooms, Reception area, Security system, Shared Restrooms, Signage available
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Acres Realty
