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    1117-1213 N Sherman Ave Madison, WI 53704

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    For Lease
    $12 SF/Yr ($1,998 /Mo)

    Retail spaces in established Madison shopping center with high visibility.

    Property size:
    1,998 SF
    Lot size:
    5.60 Acres

    Property Features for 1117-1213 N Sherman Ave

    General Information

    Size
    1,998 SF
    Lot size
    5.60 Acres

    Source: Alexander RE Agent Andrew Schmidt

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

    Overview

    Northgate Shopping Center Retail Space

    The Northgate Shopping Center is located at the corner of Sherman and Aberg Avenues in Madison, adjacent to Maple Bluff. This established retail center benefits from high visibility, with over 25,000 cars per day on Sherman and Aberg Avenues. It has been a neighborhood destination for over two decades, housing well-established businesses. The location is situated along major North/South/East/West traffic arteries, on a Metro Transit bus route, and a newly created bike route. The shopping center offers high parking ratios with ample at-the-door parking, making it suitable for retail operations. In addition to building signage, two new monument signs have been erected to provide tenants with high exposure along both Sherman and Aberg Avenues. Additional suites are available for office users. Available spaces include a 1,998 square feet property.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Similar Places Nearby

    Frances Pointe LLC

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3743837
    Latitude
    43.0892531

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces in established Madison shopping center with high visibility.
    Where is this shopping center located?
    The property is located at 1117-1213 N Sherman Ave Madison, WI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location at the corner of Sherman and Aberg Avenues with over 25,000 cars/day.; - Established retail center with well-established businesses, a neighborhood destination for over two decades.; - High parking ratios with ample "at the door" parking.
    (608) 268-8116
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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
    1117-1213 N Sherman Ave Madison, WI 53704
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