Multi-Level Restaurant
For Sale
Contact for pricing
106 King St, Madison, WI 53703
Former restaurant building with former space across the first, second, and basement levels.
Property Size4,950 SF
Price / SF$285.39
Days on Market832
Property Features for 106 King St
General Information
Standard status
Active
Size
4,950 SF
Property subtype
RETAIL
Listing Agency:
NAI Madison
(608) 558-0663
Listed By:
Michael Barrett
Source:
Moodyscre
Added: Apr 26, 2024
Changed: Jul 23
Last Checked: Jul 23 at 9:52AM
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 NAI Madison
Investment Insights
Based on property information with market context.
This restaurant building for sale features former restaurant space on three levels. The first floor offers 1,650 SF, the second floor offers 1,700 SF, and the basement provides 1,600 SF.
Located at 106 King St in Madison, Wisconsin, the building is configured for multi-level foodservice occupancy based on the prior layout.
The available space is distributed across the first floor, second floor, and basement, offering a straightforward vertical footprint for adaptive reuse within the existing building configuration.
Located at 106 King St in Madison, Wisconsin, the building is configured for multi-level foodservice occupancy based on the prior layout.
The available space is distributed across the first floor, second floor, and basement, offering a straightforward vertical footprint for adaptive reuse within the existing building configuration.
Key Highlights
- Former restaurant building for sale with former space across three levels.
- 1st floor: 1,650 SF former restaurant space.
- 2nd floor: 1,700 SF former restaurant space.
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 | $112.9k | $22.80 |
| − Vacancy | −$5.6k | −$1.14 |
| EGI | $107.2k | $21.66 |
| − OpEx | −$26.8k | −$5.42 |
| NOI | $80.4k | $16.25 |
4,950 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,413 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,218 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,198
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53703, WI
38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant building with former space across the first, second, and basement levels.
Where is this conventional restaurant located?
The property is located at 106 King St Madison, WI.
What is the asking price?
The asking price for this property is $1,412,700.
What are key features of this property?
This property features: Former restaurant building for sale with former space across three levels.; 1st floor: 1,650 SF former restaurant space.; 2nd floor: 1,700 SF former restaurant space.
