Class A Mixed-Use
2801 Marshall Court, Madison, WI 53705
Office,Restaurant/Supper Club,Day care - Madison, WI
Property size:
24,500 SFPrice / SF:
$306/SF- Added:
- Feb 17, 2026
- Days on Market:
- 89
- Last Refresh:
- May 17 at 6:06 am
Property Features for 2801 Marshall Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C3
- Parking
- 56
- Parking features
- Underground/Basement
- Security features
- Security System
- Interior features
- Passenger elevator, Private Restrooms, Shared conference room, Reception area, Security system, Internal sprinkler
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 0709-212-8215-1
- Size
- 24,500 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 99431
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2019
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Brick, Glass
- Roof type
- Flat
- Architectural style
- Other
Listing agent Jason Iverson (608) 628-6605
Listing office Mode Realty Network 4506 Verona Rd, Madison, WI (608) 665-3537
Listing date Feb 17, 2026
MLS# 2016677
Listing URL
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Nearly new Class A mixed‑use building in a desirable location.
- Flexible use potential, currently configured for restaurant, daycare, and office.
- Fully built‑out restaurant component with event space, bar, patio seating, and commercial kitchen.
- Daycare space with classrooms and outdoor play areas.
- 64 underground parking stalls.
- High‑quality construction with a passenger elevator, security system, and internal sprinkler.
Overview
This Class A mixed-use building, constructed in 2019, offers 24,500 square feet of space across two stories. The property is located in a desirable area of Madison, Wisconsin. The building's design allows for flexible use, currently configured to support a restaurant, daycare, and office. This makes it suitable for owner-users, investors, or organizations seeking a modern space with multiple operational possibilities. The restaurant area includes event space, a bar, patio seating, and a commercial kitchen. The daycare space features classrooms, outdoor play areas, and supporting amenities. The property includes 64 underground parking stalls. The building is zoned C3.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$4.59M
NOI $413,305 @ 9.00% cap · cautious / downside scenario
Moderate
$5.90M
NOI $413,305 @ 7.00% cap · market / base-case scenario
Aggressive
$8.27M
NOI $413,305 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $646.8k | $26.40 |
| − Vacancy | −$95.7k | −$3.91 |
| EGI | $551.1k | $22.49 |
| − OpEx | −$137.8k | −$5.62 |
| NOI | $413.3k | $16.87 |
24,500 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$5.90M
$5.17M – $6.89M
NOI $413,305 @ 7.0% cap · market cap 5.51%
Second Best
Specialty Retail
$5.69M
$4.98M – $6.63M
NOI $398,003 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$7.16M
$6.26M – $8.35M
NOI $500,976 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
American Wood Council
General Contractor
Cait Berry I ...
Real Estate Agency
Lodgic Kids Camp ...
Charitable Organization
Lodgic Everyday Community ...
Charitable Organization
Bend Health
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.437189
- Latitude
- 43.075005
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use building suitable for various business operations.
Where is this mixed-use property located?
The property is located at 2801 Marshall Court Madison, WI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Nearly new Class A mixed‑use building in a desirable location.; Flexible use potential, currently configured for restaurant, daycare, and office.; Fully built‑out restaurant component with event space, bar, patio seating, and commercial kitchen.
