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    3554 E Washington Ave Madison, WI 53704

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    For Sale
    $1,150,000

    Remodeled mixed-use building featuring a store and apartments.

    Property size:
    8,872 SF
    Lot size:
    0.95 Acres

    Property Features for 3554 E Washington Ave

    General Information

    Size
    8,872 SF
    Lot size
    0.95 Acres

    Source: Altus Commercial Real Estate - Madison Agent Jeff Jansen

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

    Overview

    Remodeled Mixed-Use Building with Apartments

    This remodeled building, completed in 2023, features a first-floor space suitable for a food store, office, or retail use, along with four apartments on the second floor. The store area encompasses 3,011 square feet. The second floor, spanning 2,850 square feet, houses two one-bedroom and two two-bedroom apartments. Remodeling included new plumbing, electrical, and mechanical systems, as well as a sprinkler system for the second floor. The kitchen area is equipped with a grease trap and a large water heater. On-site parking is available, supplemented by parking on the side street and additional parking across E Washington Avenue in the Auto Zone parking lot, facilitated by a city-provided pedestrian crossing light. The building's total size is 8,872 square feet. The first floor is currently used as a food store. The grocery business could be for lease or the sellers could lease the grocery business back from the buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gooh Grocery, LLC Grocery Store

    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

    Hy-Vee Grocery Store

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3270928
    Latitude
    43.1157548

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    FAQs

    What type of property is this?
    Grocery and convenience store - Remodeled mixed-use building featuring a store and apartments.
    Where is this grocery and convenience store located?
    The property is located at 3554 E Washington Ave Madison, WI.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Fully remodeled in 2023 by Findorff with new plumbing, electrical, and mechanical systems.; - Features four apartments: two 1-bedroom and two 2-bedroom units.; - Includes a **3,011 SF commercial space** suitable for office/retail.
    (608) 444-4111
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    3554 E Washington Ave Madison, WI 53704
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    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

    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
    3554 E Washington Ave Madison, WI 53704
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