Property Description for 618-622 S Park Street, Madison, WI 53715
Rare opportunity for a Mixed-use building on Park St available for sale. Major remodeling to the building in 2013: New electric, new water pipes, new HVAC systems, new windows & doors, new roof, new bathrooms, new flooring & new layout; 1st floor is office space; Owner is currently occupying one of the 5 office spaces; Monthly rent from the office rental $2350/Mo, Utility cost allocated to office tenants monthly; 2nd floor: Two 2-bedroom apartment units; Unit A $1600 /Mo & Unit B $1650/Mo starting 8/15/2023; Tenants pay all utilities; Partially finished basement for office storage and Coin-operated laundry area. Excellent Location: Near capital & UW Campus; Between St. Mary and Merritt hospitals. Park St by far is the most economically diverse area of Madison.
- Present Use: Apartment building, Living quarters, Office
- Total Operating Expense: $8,987
- Gross Sales: $0
- Location: Business district, Free standing, Near Major Highway, Near public transportatn
- Taxes: $11,309
- County: Dane
- Zoning: TSS
- Net Leasable SqFt: 4,050
- MLS Number: 1944130
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