Automotive Shop with Overhead
2501 East Springs Madison, WI 53704
2501 East Springs, Madison, WI, 53704
$2,500,000
For Sale
$2,500,000
Commercial Sale, Other - Madison, WI
Property Size5,221 SF
Lot Size3.26 Acres
Price / SF$478.84
Days on Market698
Property Features for 2501 East Springs
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 3.26 Acres
Building Details
- Year built
- 2014
- Architectural style
- Other
Listing Agency
NextHome Metro
(608) 347-5525
4800 Ivywood Trail, #103, WI
Listed by
Katie Lichtie · License #60118-90,PersonLicenseNumber
(608) 347-5525
Added: Aug 19, 2024 Checked: Jul 17 at 1:06 am
MLS# 1984083
Listing URL
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 facility sits on a 3.26-acre site and includes a 5,221-square-foot building with a dedicated sales office and shop area. The 2,298-square-foot sales office is arranged with two private offices, a large reception area, and three private bathrooms. The 2,923-square-foot automotive shop features five 10’ x 10’ overhead doors and is set up for service work with three hydraulic hoists, radiant heat, and floor drains.
The shop is supported by 200 Amp power, washer/dryer hookups, and a mezzanine for upper storage. The property is located about half a mile from I-90 and Hwy 151. Buyer to verify dimensions listed if necessary.
The shop is supported by 200 Amp power, washer/dryer hookups, and a mezzanine for upper storage. The property is located about half a mile from I-90 and Hwy 151. Buyer to verify dimensions listed if necessary.
Key Highlights
- 2014‑built 3.26‑acre commercial site near I‑90 and Hwy 151 (about 0.5 mile)
- 5,221 SF building with 2,298 SF sales office plus two private offices and large reception area
- Sales office includes three private bathrooms
Local Financial Insights For Office B
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 | $137.8k | $26.40 |
| − Vacancy | −$20.4k | −$3.91 |
| EGI | $117.4k | $22.49 |
| − OpEx | −$29.4k | −$5.62 |
| NOI | $88.1k | $16.87 |
5,221 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,076 @ 7.0% cap · market cap 3.52%
Second Best
Retail
$1.07M
$933.5K – $1.24M
NOI $74,679 @ 7.0% cap · market cap 2.99%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Kin Top Repair Llc — Machmueller St, Schofield, WI 54476
- Eagle Express Lube powered by Little Wolf Automotive — 1133 E Grand Ave, Rothschild, WI 54474
- Eagle Express Lube — 1133 E Grand Ave, Rothschild, WI 54476
- M & R Auto Body Supply — 1341 Everest Ave, Schofield, WI 54476
- Hub Central Collision — 1323 Everest Ave, Schofield, WI 54476
FAQs
What type of property is this?
Auto shop - Built in 2014 with overhead doors and a dedicated automotive shop plus sales office.
Where is this auto shop located?
The property is located at 2501 East Springs 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: 2014‑built 3.26‑acre commercial site near I‑90 and Hwy 151 (about 0.5 mile); 5,221 SF building with 2,298 SF sales office plus two private offices and large reception area; Sales office includes three private bathrooms
