Renovated Mixed-Use
For Sale
Contact for pricing
Pending
11 N Allen Street, Madison, WI 53726
All-brick property combines an updated commercial space with a character-rich apartment and private patio.
Property Size4,250 SF
Days on Market164
Property Features for 11 N Allen Street
General Information
Standard status
Pending
Size
4,250 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
HIS-UH
Occupancy
100%
Units
Unit Mix
1 x 2BR+den
Multifamily Units
1
Building Details
Year Built
1926
Year Renovated
2018
Buildings
1
Units
2
Tenancy
Multi
Construction
all-brick
Listing Agency:
Sprinkman Real Estate
Listed By:
Lori Schilling · License #WI 81122
(608) 220-1453
Source:
Crexi
Added: Apr 30
Changed: Sep 30
Last Checked: Oct 9 at 8:17PM
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 Sprinkman Real Estate
Investment Insights
Based on property information with market context.
This 4,250-square-foot mixed-use property occupies an all-brick building constructed in 1926. The main level contains a commercial space currently used as a coffee house and wine bar, with an updated interior, air conditioning, basement office and storage areas, and a private backyard patio. The upper level offers a two-bedroom apartment with a den, original woodwork, and original doors. The property is fully leased and has been freshly painted and maintained.
Located in the Regent neighborhood near West High School, the property sits within a predominantly residential setting with access to downtown. Zoning is HIS-UH. The combination of commercial and residential space provides two distinct leased components within one renovated building.
Located in the Regent neighborhood near West High School, the property sits within a predominantly residential setting with access to downtown. Zoning is HIS-UH. The combination of commercial and residential space provides two distinct leased components within one renovated building.
Key Highlights
- 4,250 SF all‑brick mixed‑use property built in 1926
- Fully leased commercial and residential configuration
- Main‑level coffee house and wine bar with updated interior and A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,041
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,820
$1.4M
Cap Rate 7%
$986,300
$986.3K
Cap Rate 9%
$767,122
$767.1K
Market Conditions
NOI Build-Up for 4,250 SF
Gross rent
$96.9K $22.80/SF
− Vacancy
−$4.8K −$1.14/SF
EGI
$92.1K $21.66/SF
− OpEx
−$23.0K −$5.42/SF
NOI
$69.0K $16.25/SF
Area
Madison, WI
Vacancy
5.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,820
Cap Rate 7%
$986,300
Cap Rate 9%
$767,122
Alternative Uses
Best Use
Specialty Retail
$986.3K
$863.0K – $1.15M
NOI $69,041 @ 7.0% cap · market cap 6.90%
Second Best
Mixed Use
$837.9K
$733.1K – $977.5K
NOI $58,650 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,904 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 53726, WI
5,286
Population
2,599
Households
2
Avg Household Size
27
Median Age
92%
College-Educated
100%
High-School Grad
0.6 sq mi
ZIP Area
8,810
Density / Sq Mi
$39,779
Median Household Income
$23,361
Median Earnings
$1,408
Median Rent
$600,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - All-brick property combines an updated commercial space with a character-rich apartment and private patio.
Where is this mixed-use property located?
The property is located at 11 N Allen Street Madison, WI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,250 SF all‑brick mixed‑use property built in 1926; Fully leased commercial and residential configuration; Main‑level coffee house and wine bar with updated interior and A/C
