Established Madison Medical Facility For
For Sale
$2,640,000
1414 S Park St, Madison, WI 53715
Outpatient medical facility leased to Meriter Hospital, Inc.
Property Size17,819 SF
Days on Market151
Property Features for 1414 S Park St
General Information
Standard status
Active
Size
17,819 SF
Property subtype
Retail
Building Details
Building Size
17,819 SF
Year Built
1989
Listing Agency:
Mid America Real Estate Milwaukee
(262) 226-9865
Listed By:
Tanner Rosen · License #55452
(262) 226-9865
Source:
Midamericagrp
Added: Apr 1
Changed: Aug 25
Last Checked: Aug 29 at 8:18AM
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 Mid America Real Estate Milwaukee
Investment Insights
Based on property information with market context.
The Meriter Hospital Clinic, located at 1414 S Park Street in Madison, Wisconsin, is available for acquisition. The property is leased to Meriter Hospital, Inc., operating within the UnityPoint Health system, and functions as an established outpatient medical facility supporting the surrounding healthcare network. The property is utilized for both outpatient medical services and hospital equipment storage, allowing the tenant to efficiently support operations at the nearby hospital campus. The facility is positioned along South Park Street just south of Downtown Madison within a dense urban trade area. Located less than one mile from the 448 bed UnityPoint Health Meriter Hospital, it supports the tenant’s broader healthcare network. Situated approximately 1.5 miles from the University of Wisconsin–Madison, one of the nation’s largest public universities with more than 47,000 students, investors control a well-located parcel along South Park Street, an area experiencing ongoing redevelopment and multifamily growth. Ownership has completed multiple recent improvements including roof work, mechanical upgrades, and exterior improvements.
Key Highlights
- Leased to UnityPoint Health Affiliate (Meriter Hospital) providing stable tenancy.
- Acquire below replacement cost.
- Prime infill Madison location, south of Downtown.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
Explore this area
Business Placement
Demographics for 53715, WI
16,517
Population
5,640
Households
2.9
Avg Household Size
24
Median Age
66%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
12,705
Density / Sq Mi
$37,598
Median Household Income
$8,819
Median Earnings
$1,533
Median Rent
$436,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Outpatient medical facility leased to Meriter Hospital, Inc.
Where is this medical center located?
The property is located at 1414 S Park St Madison, WI.
What is the asking price?
The asking price for this property is $2,640,000.
What are key features of this property?
This property features: Leased to UnityPoint Health Affiliate (Meriter Hospital) providing stable tenancy.; Acquire below replacement cost.; Prime infill Madison location, south of Downtown.
