Restaurant Space with
For Sale
Contact for pricing
1745 Parkside Dr, Madison, WI 53704
Restaurant space built for hibachi and sushi, featuring teppanyaki grill tables, prominent signage, and ample on-site parking.
Property Size10,120 SF
Price / SF$266.30
Days on Market135
Property Features for 1745 Parkside Dr
General Information
Standard status
Active
Size
10,120 SF
Property subtype
RETAIL
Amenities
prominent signage
on-site parking
Listing Agency:
Key Commercial Real Estate LLC
(608) 729-1800
Listed By:
Jenny Lisak
(608) 729-1800
Source:
Moodyscre
Added: Mar 19
Changed: Jul 28
Last Checked: Jul 30 at 1:22PM
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 Key Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This restaurant space is currently built out as a hibachi and sushi concept, with teppanyaki grill tables in place. The interior can be converted to a traditional dining layout or reconfigured for a wide range of non-restaurant uses.
The property is positioned along East Washington Ave, with visibility and prominent signage for passing traffic, supported by ample on-site parking.
Offered for sale, the buildout provides a ready-to-operate restaurant configuration while still allowing flexibility for alternative uses through interior reconfiguration.
The property is positioned along East Washington Ave, with visibility and prominent signage for passing traffic, supported by ample on-site parking.
Offered for sale, the buildout provides a ready-to-operate restaurant configuration while still allowing flexibility for alternative uses through interior reconfiguration.
Key Highlights
- Commercial space on East Washington Ave built out for a hibachi and sushi restaurant
- Includes teppanyaki grill tables and a hibachi/sushi restaurant layout
- Prominent signage on East Washington Ave
Financial Insights For Specialty Retail
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 | $230.7k | $22.80 |
| − Vacancy | −$11.5k | −$1.14 |
| EGI | $219.2k | $21.66 |
| − OpEx | −$54.8k | −$5.42 |
| NOI | $164.4k | $16.25 |
10,120 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.35M
$2.05M – $2.74M
NOI $164,399 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,934 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53704, WI
47,066
Population
22,740
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,149
Density / Sq Mi
$75,007
Median Household Income
$47,665
Median Earnings
$1,231
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space built for hibachi and sushi, featuring teppanyaki grill tables, prominent signage, and ample on-site parking.
Where is this conventional restaurant located?
The property is located at 1745 Parkside Dr Madison, WI.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Commercial space on East Washington Ave built out for a hibachi and sushi restaurant; Includes teppanyaki grill tables and a hibachi/sushi restaurant layout; Prominent signage on East Washington Ave
