Listing Agency: Lee & Associates - Madison

Listed By: John Walsh · License #WI 55431-90

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:26AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Madison

Investment Insights

Based on property information with market context.

This commercial land parcel at 1 Sherman Terrace encompasses .32 acre and has frontage along Sherman Avenue. Proposed development concepts use the same building footprint and include either a 14 large-unit plan or a 21-24 small-unit condominium and retail plan.

The smaller-unit concept includes 2 bed/2 bath/den units. The property is located in Madison, Wisconsin, with the proposed plans providing alternative development configurations for the site.

Key Highlights

• .32 acre commercial land parcel
• Frontage along Sherman Avenue
• Proposed 14 large‑unit condominium/retail building plan

Property Analytics

Property Profile

Current Use

Groovy Pizzeria Restaurant Groovy Wood Studios (Bike/Boat/Book/etc) Store Rachel Bauer & Associates ... Insurance Agency Dawson Wiegman Agency Insurance Agency

Suggested Use

Top Pick Dental Office Parking Lot & Garage Law Firm Pharmacy (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

454

Businesses Nearby

Explore this area Business Placement

Demographics for 53704, WI

47,066

Population

22,740

Households

2.1

Avg Household Size

38

Median Age

49%

College-Educated

96%

High-School Grad

21.9 sq mi

ZIP Area

2,149

Density / Sq Mi

$75,007

Median Household Income

$47,665

Median Earnings

$1,231

Median Rent

$289,000

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Creative Office Condominium

155 E Wilson St Unit 100, Madison, WI 53703

$749,000

14,858 SF

View details

Flex Industrial Building with Workshop

1225 Greenway Cross, Madison, WI 53713

$1,199,000

5,250 SF

View details

Architect-Designed Office Condominium

100-155 E Wilson Street, Madison, WI 53703

$749,000

2,870 SF

View details

Free-Standing Office Building NNN

915 Haywood Dr, Madison, WI 53715

$1,081,029

3,269 SF

View details

Highly Visible Two-Level Retail Building

421 S Park St, Madison, WI 53715

$1,295,000

4,905 SF

View details

Two-Story Flex Building

5283-5291 Felland Rd, Madison, WI 53718

$600,000

5,710 SF

View details

Value-Add Office Building Opportunity

4111 East Towne Boulevard, Madison, WI 53704

$2,200,000

15,000 SF

View details

6626 Watts Rd, Madison, WI

6626 Watts Rd, Madison, WI 53719

$1,200,000

5,880 SF

View details

Restaurant Space with Teppanyaki

1745 Parkside Dr, Madison, WI 53704

$2,695,000

10,120 SF

View details

Multi-Unit Warehouse with Showrooms

6524 Seybold Road, Madison, WI 53719

$1,750,000

14,500 SF

View details

Leased Medical Office Building

2008 Fish Hatchery Rd, Madison, WI 53713

$1,195,000

8,436 SF

View details

Office Unit With Rooftop Amenities

1010 E Washington Ave Unit 306, Madison, WI 53703

$206,400

250,000 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - The parcel fronts Sherman Avenue and has proposed condominium and retail building concepts.

Where is this commercial land located?

The property is located at 1 Sherman Terrace Madison, WI.

What are key features of this property?

This property features: .32 acre commercial land parcel; Frontage along Sherman Avenue; Proposed 14 large‑unit condominium/retail building plan