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    1602 Gilson St Madison, WI 53715

    For Sale
    Contact for pricing

    Established Taproom, High-Traffic Location, Ready to Operate

    Property size:
    5,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 5,300 square foot taproom located at 1602 Gilson Street in Madison, Wisconsin, presents a unique opportunity for an immediate business launch. Situated on a 0.19-acre lot in a rapidly developing neighborhood, this property boasts a fully equipped interior, including a custom-built bar, two ADA-compliant restrooms, and a walk-in cooler. The existing infrastructure also includes ample seating arrangements with built-in racks and tables, complemented by two inviting outdoor seating areas. Convenient street parking is readily available for patrons. The property is offered at $1,275,000. The space is turnkey, allowing a new owner to begin operations swiftly. It's important to note that the tenant is responsible for obtaining all necessary permits and licenses to operate the business. Property taxes are shared proportionally with other tenants in the building, based on square footage. This is a rare chance to acquire a fully functional and well-appointed taproom in a prime Madison location, poised for immediate success. The existing setup minimizes start-up costs and allows for a quick transition into ownership. Don't miss this chance to establish your business in a thriving neighborhood.

    Property Features for 1602 Gilson St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,300 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Funk Factory Geuzeria Brewery Black Rose Blending ... Brewery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    DANE
    State
    Wisconsin
    Longitude
    -89.39213
    Latitude
    43.05003

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    FAQs

    What type of property is this?
    Commercial real estate - Established Taproom, High-Traffic Location, Ready to Operate
    Where is this commercial real estate located?
    The property is located at 1602 Gilson St Madison, WI.
    What is the asking price?
    The asking price for this property is $1,275.
    (608) 345-4663
    Request Owner's contact information
    1602 Gilson St Madison, WI 53715
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    Madison, WI 53715
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1602 Gilson St Madison, WI 53715
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