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    Turnkey Supper Club Restaurant Building Title is generated by Realmo AI

    1025 N Sherman Avenue, Madison, WI 53704

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    Claim this Listing
    For Sale
    $1,400,000

    Restaurant/Supper Club,Retail - Madison, WI

    Property size:
    6,256 SF
    Price / SF:
    $223/SF
    Added:
    May 14, 2026
    Days on Market:
    32
    Last Refresh:
    Jun 14 at 7:06 am

    Property Features for 1025 N Sherman Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CCT
    Standard status
    Active
    APN
    0810-313-0089-1

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    22914

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1938
    Floors in Building
    1
    Number of units
    1
    Building materials
    Other
    Roof type
    Flat
    Architectural style
    Other

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    Listing Contact
    Jim Stopple

    Listing agent Jim Stopple

    Listing office Madison Property Management, Inc. 1202 Regent St, Madison, WI

    Listing date May 14, 2026

    MLS# 2018102 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

    • Turnkey restaurant opportunity with all equipment included.
    • Prime corner lot location with high visibility and a monument sign.
    • Zoned CC‑T, suitable for owner/operator or investment property.
    • Ample on‑site parking.
    • Large kitchen setup for in‑house service and catering.
    • Close proximity to Maple Bluff Country Club and downtown Madison.

    Overview

    This freestanding restaurant building offers a ready-to-run setup with a bar area, dining area, and a large kitchen designed for in-house service and catering. The sale includes all restaurant equipment, supporting a fast transition for an owner-operator. In addition to the main 6,256 square feet, there is an additional 5,244 square feet of space in the basement to support back-of-house needs.

    Located on a corner lot at the intersection of N. Sherman Avenue and Roth Street, the property is zoned CCT and features a monument sign for visibility. Onsite parking is available, and the building sits about three blocks from Maple Bluff Country Club and roughly 3.5 miles from downtown Madison.

    With the equipment included and the layout built around bar, dining, and food preparation, the asset is well suited for a turnkey operator looking to run a full-service concept, including catering. For investors, the configuration also supports leasing to a compatible restaurant use, offering the opportunity to set rates or structure the property as an income-producing asset.

    Local Financial Insights For Specialty Retail

    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 $142.6k $22.80
    − Vacancy −$7.1k −$1.14
    EGI $135.5k $21.66
    − OpEx −$33.9k −$5.42
    NOI $101.6k $16.25
    6,256 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,629 @ 7.0% cap · market cap 7.26%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.83M
    $1.60M – $2.13M (±1% cap)
    NOI $127,923 @ 7.0% cap · market cap 9.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Esquire Supper Club Restaurant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.36334
    Latitude
    43.111357

    FAQs

    What type of property is this?
    Conventional restaurant - Freestanding corner restaurant with onsite parking, monument signage, and included equipment—ideal for owner-operator or investment.
    Where is this conventional restaurant located?
    The property is located at 1025 N Sherman Avenue Madison, WI.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity with **all equipment included**.; **Prime corner lot location** with high visibility and a monument sign.; Zoned CC‑T, suitable for owner/operator or investment property.
    More about this property
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