Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1414 S Park St Madison, WI 53715

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Outpatient medical facility near Downtown Madison and major employers.

    Property size:
    17,819 SF

    Property Features for 1414 S Park St

    General Information

    Standard status
    Active
    Zoning
    CC-T: Commercial Corridor – Transitional
    Size
    17,819 SF

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Tanner Rosen
    Source: Crexi

    Listing Agency: Mid America Real Estate Milwaukee Listing Agent: Tanner Rosen

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

    Learn more

    Overview

    Madison Medical Clinic For Sale

    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., which operates within the UnityPoint Health system. It functions as an established outpatient medical facility supporting the surrounding healthcare network. The property is strategically positioned along South Park Street, just south of Downtown Madison, and benefits from strong visibility, consistent daily traffic, and proximity to major employment drivers, including UnityPoint Health Meriter Hospital and the University of Wisconsin–Madison. The 17,819-square-foot building supports both outpatient medical services and hospital operational functions, creating a highly functional facility for the tenant. The property is located along a corridor experiencing ongoing redevelopment and residential growth and offers potential long-term land value given its location along one of Madison’s primary north-south commercial corridors.
    Location Intelligence

    Current Use by Public Records

    UnityPoint Health - Meriter ... Medical Clinic Laura Lenzen, M.S. Physician Karly Curtin CCC-SLP, ... Physician Jennifer Wallskog, DPT,PT Physician Stephanie Erickson-Brown, MSPT,PT Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3951817
    Latitude
    43.0509539

    Nearby Similar for Sale

    • $699,900
      5,000 SF

      Versatile Commercial Building Near Park Street

      5,000 sq ft building on .5+ acre lot.
      2440 Perry St, Madison, WI 53713
      View Details
    • $1,299,000
      5,250 SF

      Versatile Commercial Space on Madison's West

      Modern 5,250 sqft commercial space with high visibility.
      1225 Greenway Cross, Madison, WI 53713
      View Details
    • $1,600,000
      6,256 SF

      Restaurant Building Near Maple Bluff

      Turnkey restaurant opportunity near Maple Bluff Country Club.
      1025 N Sherman Ave, Madison, WI 53704
      View Details
    • $1,600,000

      Historic Office Building in Madison

      Charming office building in downtown Madison, close to Lake Mendota.
      401 Wisconsin Ave, Madison, WI 53703
      View Details
    • $7,500,000
      24,500 SF

      Class A Mixed-Use Building

      Versatile mixed-use building suitable for various business operations.
      2801 Marshall Ct, Madison, WI 53705
      View Details
    • New
      $1,499,999

      Turnkey Automotive Facility on Stoughton Road

      State-of-the-art automotive sales and repair facility in Madison, WI.
      2402 S Stoughton Rd, Madison, WI 53704
      View Details
    • $1,179,900

      Mixed-Use Building Near Park Street

      Two-story mixed-use property near Madison's Park Street corridor.
      702 W Wingra Dr, Madison, WI 53715
      View Details
    • $850,000
      0.12 Acres

      Madison Gem with Historic Charm

      Charming 3-bed, 2-bath home in Marquette Bungalow Historic District.
      1433 Spaight St, Madison, WI 53703
      View Details
    • $2,999,500

      Madison Automotive Business Opportunity

      Prime commercial property ideal for automotive business near I-90.
      2501 Spring St East, Madison, WI 53704
      View Details
    • New
      $850,000
      0.07 Acres

      Madison Two-Flat Investment Property

      Two-flat near campus, rented through August 2027.
      508-510 W Mifflin St, Madison, WI 53703
      View Details
    • New
      $500,000
      0.29 Acres

      Madison Duplex with Income Potential

      Eastside Madison duplex, ideal for owner-occupancy or investment.
      1-3 Milo Ln, Madison, WI 53714
      View Details
    • $750,000

      Madison Investment Opportunity Near Park

      Commercial property with restaurant and apartments near Madison's Park Street.
      1616 Beld St, Madison, WI 53715
      View Details

    FAQs

    What type of property is this?
    Medical center - Outpatient medical facility near Downtown Madison and major employers.
    Where is this medical center located?
    The property is located at 1414 S Park St Madison, WI.
    What are key features of this property?
    This property features: - Leased to Meriter Hospital, Inc. (UnityPoint Health system), providing stable income.; - Strategically located on S Park Street, near Downtown Madison, with **high visibility and traffic**.; - Proximity to major employment drivers: UnityPoint Health Meriter Hospital and University of Wisconsin–Madison.
    Request Owner's contact information
    1414 S Park St Madison, WI 53715
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1414 S Park St
    Madison, WI 53715
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1414 S Park St Madison, WI 53715
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tanner Rosen
    Real Estate License ID: 11292294
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!