Retail Building with Off-Street
301-303-305-307 Madison Avenue Fort Atkinson, WI 53538
301-303-305-307 Madison Avenue, Fort Atkinson, WI, 53538
$695,000
For Sale
$695,000
COMMERCIAL - Fort Atkinson, WI
Property Size4,289 SF
Lot Size0.32 Acres
Price / SF$162.04
Days on Market154
Property Features for 301-303-305-307 Madison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMM
- Interior features
- Private Restrooms
- Standard status
- Active
- APN
- 22605140411123
- Size
- 4,289 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7744
Building Details
- Year built
- 1960
- Number of units
- 4
- Roof type
- Composition
Listing agency
Century 21 Affiliated
(608) 365-1481
Listed by
Shelly Cronin · License #6671494
(608) 449-3355
Added: Feb 18 Updated: Jul 22 at 5:05AM Checked: Jul 22 at 10:06PM
MLS# 2016807
Copyright © 2026 REALTORS® Association of South Central Wisconsin. 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.
This fully rented retail/commercial building is configured across multiple addresses (301-303-305-307 Madison Avenue) and is zoned COMM. The property totals 4,289 square feet and sits on a 0.32-acre lot, supported by off-street parking.
According to the listing remarks, the building is located on a high-traffic street. Long-term ownership is noted, with the owners ready to transition.
The offering presents a straightforward, income-producing retail/commercial asset with established tenancy and convenient on-site parking.
According to the listing remarks, the building is located on a high-traffic street. Long-term ownership is noted, with the owners ready to transition.
The offering presents a straightforward, income-producing retail/commercial asset with established tenancy and convenient on-site parking.
Key Highlights
- Fully rented property
- Private restrooms
- Year built: 1960
Local 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 | $58.2k | $13.56 |
| − Vacancy | −$2.4k | −$0.57 |
| EGI | $55.7k | $12.99 |
| − OpEx | −$13.9k | −$3.25 |
| NOI | $41.8k | $9.74 |
4,289 SF · lease $13.56/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$597.0K
$522.3K – $696.5K
NOI $41,787 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$591.7K
$517.7K – $690.3K
NOI $41,417 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.01M
$880.9K – $1.17M
NOI $70,470 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Fully rented retail building on a high-traffic street with off-street parking in a COMM-zoned location.
Where is this bank located?
The property is located at 301-303-305-307 Madison Avenue Fort Atkinson, WI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully rented property; Private restrooms; Year built: 1960
