Building Details

Year Built 1994

Listing Agency: Key Commercial Real Estate, LLC

Listed By: Mallory Rekoske Show Phone

Source: Soldinmadison

Added: Jul 27 Changed: Oct 25 Last Checked: Oct 5 at 10:43PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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

Estimated NOI and Cap Rate

NOI / Yr

$164,399

Cap Rate

6.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,287,980 $3.3M

Cap Rate 7%

$2,348,557 $2.3M

Cap Rate 9%

$1,826,656 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,120 SF

Gross rent

$230.7K $22.80/SF

− Vacancy

−$11.5K −$1.14/SF

EGI

$219.2K $21.66/SF

− OpEx

−$54.8K −$5.42/SF

NOI

$164.4K $16.25/SF

Area

Madison, WI

Vacancy

5.00%

Lease Rate

$22.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,287,980

Cap Rate 7%

$2,348,557

Cap Rate 9%

$1,826,656

Alternative Uses

Best Use

Specialty Retail

$2.35M

$2.05M – $2.74M (±1% cap)

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 (±1% cap)

NOI $206,934 @ 7.0% cap · market cap 7.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sumo Steakhouse & Sushi ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility Parking Lot & Garage Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Restaurant Building with Basement

1025 N Sherman Avenue, Madison, WI 53704

$1,400,000

11,500 SF

View details

Restaurant Property

4344 E Towne Blvd, Madison, WI 53704

$2,400,000

View details

Restaurant with Finished Basement

2705 W Beltline Highway, Madison, WI 53713

$599,000

6,750 SF

View details

Two-Story Mixed-Use Building

2801 Marshall Court, Madison, WI 53705

$6,800,000

24,500 SF

View details

Turnkey French Bakery and Cafe

7424 Mineral Point Rd, Madison, WI 53717

$300,000

24,000 SF

View details

Restaurant Retail Building

1403 Regent, Madison, WI 53711

$1,300,000

1,630 SF

View details

Professional Office Building For Sale

14 Ellis Potter, Madison, WI 53711

$1,450,000

10,088 SF

View details

Versatile Building in Old Sauk

8150 Excelsior Dr, Madison, WI 53717

$2,350,000

8,313 SF

View details

Storefront Retail and Office Building

2528 E Washington Ave, Madison, WI 53704

$795,000

10,389 SF

View details

Value-Add Office Building Opportunity

4111 East Towne Boulevard, Madison, WI 53704

$2,200,000

15,000 SF

View details

C-2 Retail Space with TOD Overlay

3773 East Washington Avenue, Madison, WI 53704

$1,190,476

7,480 SF

View details

Single-Tenant Warehouse

805 Plaenert Dr, Madison, WI 53713

$2,100,000

19,000 SF

View details

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