Flex Building with Dual Garage
1225 Greenway Cross, Madison, WI 53713
New
Beauty/barber,Day care,Grocery,Industrial,Manufacturing,Office,Recreation,Retail,Service,Shopping center/StripMall,Warehouse
Property size:
5,250 SFPrice / SF:
$247/SF- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 3:06 am
Property Features for 1225 Greenway Cross
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- IL-Ind/Lim
- Parking features
- Paved or Surfaced
- Security features
- Security System
- Interior features
- Overhead doors, Private Restrooms, Shared conference room, Reception area, Display window, Security system, Inside storage
- Exterior features
- Truck dr(s) hgr than 15ft, Signage available
- Standard status
- Active
- APN
- 0609-022-0604-9
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10220
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing agent Matt Winzenried Real Estate Team (608) 310-7346
Listing office Realty Executives Cooper Spransy 5940 Seminole Centre Ct Ste 310, Madison, WI (608) 661-7900
Listing date Jun 2, 2026
MLS# 2002236
Listing URL
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5,250 sqft commercial space with versatile layout suitable for various businesses.
- High visibility location on Madison’s near west side.
- Features 4,000 sqft of finished office/studio space and 1,250 sqft storage/workshop.
- Includes dual 10’x10’ garage doors and 16+ parking spaces.
- Recent upgrades include metal roof, siding & gutters (2021) and central AC (2018).
- Equipped with T1 fiber internet, Capital security system, and energy‑efficient utilities averaging $433/mo.
Overview
A versatile flex-use commercial building totaling 5,250 square feet, designed to support both front-of-house operations and hands-on work. The space features soaring 14 to 16-foot ceilings and includes 4,000 square feet of finished office/studio area, along with 1,250 square feet of storage and workshop space. The layout supports multiple work modes, with three private offices, two open work areas, a conference room, a kitchen, and two restrooms. For practical access, the property includes dual 10’x10’ garage doors, plus a modern systems and infrastructure package highlighted by high-grade thermal insulation, T1 fiber internet, a capital security system, and a 200-amp service. Recent exterior and comfort upgrades include a metal roof, siding and gutters (2021), and central AC (2018).
Situated on Madison’s near west side with high visibility and 16+ parking spaces, the building is positioned for businesses that need customer-facing presence along with efficient on-site functionality. Zoning is IL-Ind/Lim.
This property is a strong fit for creative studios, tech teams, service-oriented operators, or expanding businesses that benefit from dedicated office space and flexible back-of-house use. While currently utilized as a photography studio, the configuration and garage access make it adaptable for a range of storefront, service, and light industrial needs.
Situated on Madison’s near west side with high visibility and 16+ parking spaces, the building is positioned for businesses that need customer-facing presence along with efficient on-site functionality. Zoning is IL-Ind/Lim.
This property is a strong fit for creative studios, tech teams, service-oriented operators, or expanding businesses that benefit from dedicated office space and flexible back-of-house use. While currently utilized as a photography studio, the configuration and garage access make it adaptable for a range of storefront, service, and light industrial needs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $26.40 |
| − Vacancy | −$20.5k | −$3.91 |
| EGI | $118.1k | $22.49 |
| − OpEx | −$29.5k | −$5.62 |
| NOI | $88.6k | $16.87 |
5,250 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,565 @ 7.0% cap · market cap 6.82%
Second Best
Flex RnD
$624.2K
$546.2K – $728.2K
NOI $43,694 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,352 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Harper Fritsch Studios ...
Marketing & Advertising
Shawn Harper Photography
Marketing & Advertising
Similar Places Nearby
- Firehouse Subs Fish Hatchery — 1403 Emil St, Madison, WI 53713
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.404495
- Latitude
- 43.030778
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Modern flex space with soaring ceilings, finished office/studio areas, storage workshop space, and dual 10x10 garage access.
Where is this flex space located?
The property is located at 1225 Greenway Cross Madison, WI.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 5,250 sqft commercial space with versatile layout suitable for various businesses.; High visibility location on Madison’s near west side.; Features **4,000 sqft of finished office/studio space** and 1,250 sqft storage/workshop.
