Automotive Shop With Overhead
For Sale
$2,500,000
2501 East Springs Drive, Madison, WI 53704
Madison, WI
Property Size5,221 SF
Lot Size3.00 Acres
Price / SF$478.84
Days on Market48
Property Features for 2501 East Springs Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
3.00 Acres
Amenities
two private offices
large reception area
three private bathrooms
three hydraulic hoists
radiant heat
floor drains
200 Amp power
washer/dryer hookups
mezzanine
Building Details
Year built
2014
Listing Agency:
NextHome Metro
Listed By:
Katie Lichtie · License #6011890
(608) 347-5525
Added: Aug 25
Last Checked: Oct 11 at 12:06AM
MLS# 1984083
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2014, this automotive property at 2501 East Springs Drive includes a 5,221-square-foot building on a 3-acre site. The layout combines a 2,298-square-foot sales office with two private offices, a reception area, and three private bathrooms, along with a 2,923-square-foot shop area. Five 10' x 10' overhead doors provide access to the service space, which includes three hydraulic hoists, radiant heat, and floor drains. Additional improvements include 200 Amp power, washer/dryer hookups, and a mezzanine for upper storage.
The property is located approximately half a mile from I-90 and Hwy 151, providing access to two major regional routes. Its office-and-shop configuration supports automotive operations requiring customer-facing space, dedicated service areas, and on-site storage.
The property is located approximately half a mile from I-90 and Hwy 151, providing access to two major regional routes. Its office-and-shop configuration supports automotive operations requiring customer-facing space, dedicated service areas, and on-site storage.
Key Highlights
- 5,221‑square‑foot building constructed in 2014
- 3‑acre automotive property at 2501 East Springs Drive
- 2,298‑square‑foot sales office with two private offices, reception, and three private bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,679
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,580
$1.5M
Cap Rate 7%
$1,066,843
$1.1M
Cap Rate 9%
$829,767
$829.8K
Market Conditions
NOI Build-Up for 5,221 SF
Gross rent
$112.8K $21.60/SF
− Vacancy
−$6.1K −$1.17/SF
EGI
$106.7K $20.43/SF
− OpEx
−$32.0K −$6.13/SF
NOI
$74.7K $14.30/SF
Area
Madison, WI
Vacancy
5.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,580
Cap Rate 7%
$1,066,843
Cap Rate 9%
$829,767
Alternative Uses
Best Use
Retail
$1.07M
$933.5K – $1.24M
NOI $74,679 @ 7.0% cap · market cap 2.99%
Second Best
Flex RnD
$620.7K
$543.2K – $724.2K
NOI $43,452 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$1.53M
$1.33M – $1.78M
NOI $106,759 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Madison, WI
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial automotive facility near I-90 and Hwy 151 with office, service, storage, and customer reception areas.
Where is this auto shop located?
The property is located at 2501 East Springs Drive Madison, WI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5,221‑square‑foot building constructed in 2014; 3‑acre automotive property at 2501 East Springs Drive; 2,298‑square‑foot sales office with two private offices, reception, and three private bathrooms
