1121 Ruskin St, Madison, WI 53704

Building Details

Buildings 1 More

Tenancy Multi More

Owner Occupied Yes More

Listing Agency: Oakbrook Corporation Show Phone

Listed By: Bryant Meyer, CCIM, SIOR · License #WI 833565 Show Phone

Source: Moodyscre

Added: Nov 2 Changed: Nov 7 Last Checked: Nov 6 at 12:11PM

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 Oakbrook Corporation

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The 4,000-square-foot property is arranged as four separate units. Suite 201 is a second-floor apartment, while Suites 101, 103 and 105 occupy the ground floor and are zoned for live/work use. Each unit can be leased separately. Suite 201 and Suite 105 are in residential use, with their combined occupancy terms extending into late 2027. Suites 101 and 103 are occupied by the owner through December 31, 2026, and are expected to become available in early 2027. Construction budgets, draw records and roof warranty documents can be reviewed.

Key Highlights

• 4,000‑square‑foot mixed‑use building divided into four separately leasable units
• Second‑floor Suite 201 is a leased apartment; ground‑floor Suites 101, 103 and 105 are zoned for live/work use
• Suites 201 and 105 have combined occupancy terms extending into late 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,478

Cap Rate

8.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,349,560 $1.3M

Cap Rate 7%

$963,971 $964.0K

Cap Rate 9%

$749,756 $749.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$105.6K $26.40/SF

− Vacancy

−$15.6K −$3.91/SF

EGI

$90.0K $22.49/SF

− OpEx

−$22.5K −$5.62/SF

NOI

$67.5K $16.87/SF

Area

Madison, WI

Vacancy

14.80%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,349,560

Cap Rate 7%

$963,971

Cap Rate 9%

$749,756

Alternative Uses

Best Use

Office B

$964.0K

$843.5K – $1.12M (±1% cap)

NOI $67,478 @ 7.0% cap · market cap 8.18%

Second Best

Mixed Use

$788.6K

$690.0K – $920.0K (±1% cap)

NOI $55,200 @ 7.0% cap · market cap 6.69%

Theoretical Best

Office A

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,792 @ 7.0% cap · market cap 9.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Fordite Studios Real Estate Agency

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Parking Lot & Garage Auto Parts Store Pharmacy

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

417

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

Market

Vacancy Rate% for Office in Madison, WI

10.9% 2023

10.8% 2024

7.6% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Commercial Space

702 W Wingra Drive, Madison, WI 53715

$1,179,900

3,285 SF

View details

Two-Story Mixed-Use Property

702 W Wingra, Madison, WI 53715

$1,179,900

3,285 SF

View details

Historic Multi-Office Building

401 Wisconsin Avenue, Madison, WI 53703

$1,600,000

6,006 SF

View details

Live-Work Loft with Private Deck

210 S Hamilton Street, Madison, WI 53703

$750,000

1,684 SF

View details

Mixed-Use Commercial Condo

230 S Hamilton St, Madison, WI 53703

$254,900

585 SF

View details

Two-Story Mixed-Use Building

2801 Marshall Court, Madison, WI 53705

$6,800,000

24,500 SF

View details

30-Unit Apartment Portfolio

3320-3324 Milwaukee St, Madison, WI 53703

$3,600,000

View details

Mixed-Use Building with Office Suites

658 S Gammon Road, Madison, WI 53719

Contact for pricing

1.54 Acres

View details

Commercial Property Available For Sale

106 King St, Madison, WI 53703

Contact for pricing

View details

Brick Storefront Building with Parking

1 Sherman Terrace, Madison, WI 53704

$699,900

3,672 SF

View details

Single-Story Brick Office Building

1 Sherman, Madison, WI 53704

$699,900

3,672 SF

View details

Retail Building with Multiple Entrances

2440 Perry Street, Madison, WI 53713

$699,900

5,000 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - The building combines an upper-level apartment with three ground-floor spaces designated for live/work use.

Where is this mixed-use property located?

The property is located at 1121 Ruskin St Madison, WI.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: 4,000‑square‑foot mixed‑use building divided into four separately leasable units; Second‑floor Suite 201 is a leased apartment; ground‑floor Suites 101, 103 and 105 are zoned for live/work use; Suites 201 and 105 have combined occupancy terms extending into late 2027