Historic Office
401 Wisconsin Avenue Madison, WI 53703
For Sale
$1,600,000
COMMERCIAL - Madison, WI
Property Size6,006 SF
Lot Size0.07 Acres
Price / SF$266.40
Days on Market24
Property Features for 401 Wisconsin Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- DR1,HISMH
- Interior features
- Private Restrooms, Reception area, Inside storage, Private office(s)
- Standard status
- Active
- APN
- 0709-144-0712-1
- Size
- 6,006 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9555
Building Details
- Year built
- 1910
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency:
Sprinkman Real Estate
(608) 467-9596
Listed By:
Chas Martin · License #57744-90
(608) 334-9042
Added: Jun 30
Changed: Jul 23
Last Checked: Jul 23 at 2:06PM
MLS# 2013475
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.
Investment Insights
Based on property information with market context.
This historic commercial office building offers established office space configured as 14 offices. The property is described as beautifully maintained and features a classic brick facade. A remodeled basement lounge/apartment area includes a full kitchen and a full bath.
The building is located at 401 Wisconsin Avenue in Madison, WI 53703. The listing notes a close-in downtown setting near Lake Mendota and the Capitol square.
The property is offered for sale and is described as having a longtime tenant with a current lease. Zoning is listed as DR1, HISMH, and the buyer is responsible for confirming zoning and requirements for the entire building.
The building is located at 401 Wisconsin Avenue in Madison, WI 53703. The listing notes a close-in downtown setting near Lake Mendota and the Capitol square.
The property is offered for sale and is described as having a longtime tenant with a current lease. Zoning is listed as DR1, HISMH, and the buyer is responsible for confirming zoning and requirements for the entire building.
Key Highlights
- Historic commercial building built in 1910
- Currently features 14 offices with reception area, private offices, and private restrooms
- Remodeled basement lounge/apartment area includes a full kitchen and bath
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.6k | $26.40 |
| − Vacancy | −$23.5k | −$3.91 |
| EGI | $135.1k | $22.49 |
| − OpEx | −$33.8k | −$5.62 |
| NOI | $101.3k | $16.87 |
6,006 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,319 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,811 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mind Evolution Therapy
Medical Clinic
laura rameker
Counselor
Christianson Ventures LLC
Property Management Company
MARY TRAINOR
Foster Care Service
Dale Decker, LCSW
Counselor
FAQs
What type of property is this?
Office building - Historic office building with 14 offices and a remodeled basement lounge/apartment area with full kitchen and bath.
Where is this office building located?
The property is located at 401 Wisconsin Avenue Madison, WI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Historic commercial building built in 1910; Currently features 14 offices with reception area, private offices, and private restrooms; Remodeled basement lounge/apartment area includes a full kitchen and bath
