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    3539-3559 E Washington Ave Madison, WI 53704

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    For Sale
    $2,199,000

    19,700 SF former restaurant with redevelopment potential.

    Property size:
    19,700 SF
    Lot size:
    1.97 Acres

    Property Features for 3539-3559 E Washington Ave

    General Information

    Size
    19,700 SF
    Lot size
    1.97 Acres

    Source: Lee & Associates of Madison Agent Chris Etmanczyk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant Building on Washington

    This is a former restaurant building featuring 19,700 square feet on the ground floor and an additional 5,000 square feet on a mezzanine level, totaling 24,700 square feet. Situated on a 2.01-acre lot (87,556 square feet), the property is zoned CC-T and located in the Hawthorne-Truax Neighborhood. It offers frontage directly on E. Washington Ave., which experiences high traffic counts of 36,100 AADT. According to the Neighborhood Plan approved by the city in March 2023, future land use for this site is suggested as low-medium residential, indicating a redevelopment opportunity.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Martine's Black Tie Catering

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3255849
    Latitude
    43.1147503

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    FAQs

    What type of property is this?
    Restaurant - 19,700 SF former restaurant with redevelopment potential.
    Where is this restaurant located?
    The property is located at 3539-3559 E Washington Ave Madison, WI.
    What is the asking price?
    The asking price for this property is $2,199,000.
    What are key features of this property?
    This property features: - High traffic location on E. Washington Ave. (36,100 AADT); - Large 2.01 acre (87,556 sq. ft.) lot; - Significant square footage: **24,700 sq. ft.** (19,700 sq. ft. ground floor, 5,000 sq. ft. mezzanine)
    (608) 212-3033
    Request Owner's contact information
    3539-3559 E Washington Ave Madison, WI 53704
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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

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    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
    3539-3559 E Washington Ave Madison, WI 53704
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