Value-Add Office Building
For Sale
$2,200,000
4111 East Towne Boulevard, Madison, WI 53704
Office building with value-add potential in Madison, Wisconsin.
Property Size15,000 SF
Price / SF$146.67
Days on Market150
Property Features for 4111 East Towne Boulevard
General Information
Standard status
Active
Size
15,000 SF
Building Details
Year Built
1990
Listing Agency:
Acres Realty
(608) 556-2088
Listed By:
Kevin Visel · License #9057578
Source:
Soldinmadison
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 22 at 5:58PM
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 Acres Realty
Investment Insights
Based on property information with market context.
This 15,000 square foot commercial real estate offers a value-add opportunity for investors or owner-occupants. The property currently has a 7.3% CAP rate on existing rents with 45% vacancy, and a 7,500 square foot vacant basement provides considerable upside. Recent improvements include a full parking lot replacement in 2023. The basement has been trenched and drain-tiled and is fully dry, ready for improvements or use for storage space, with bathrooms stubbed in. The first floor features newly built-out offices and updated lighting. The second floor is fully improved with new lighting and flooring, creating turn-key leasable space. Side entrances provide separate access for upstairs tenants. The first floor is leased to a non-profit organization that provides support services to children. The building is currently tax-exempt and is suitable for either a for-profit or another non-profit organization upstairs.
Key Highlights
- 7.3% CAP rate on existing rents with 45% vacancy provides significant upside potential.
- 7,500 sq ft vacant basement, trenched, drain‑tiled, and ready for build‑out with bathrooms stubbed in.**
- First and second floors are updated with new lighting and flooring.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
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 Office in Madison, WI
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Frequently Asked Questions
What type of property is this?
Office building - Office building with value-add potential in Madison, Wisconsin.
Where is this office building located?
The property is located at 4111 East Towne Boulevard Madison, WI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7.3% CAP rate on existing rents with 45% vacancy provides significant upside potential.; 7,500 sq ft vacant basement, trenched, drain‑tiled, and ready for build‑out with bathrooms stubbed in.**; First and second floors are updated with new lighting and flooring.
