Restaurant
For Sale
$2,400,000
4344 E Towne Blvd, Madison, WI 53704
Former restaurant building across from East Towne Mall with owner-user or redevelopment potential.
Property Size5,632 SF
Days on Market50
Property Features for 4344 E Towne Blvd
General Information
Standard status
Active
Size
5,632 SF
Property subtype
Commercial
Site & Location
Neighborhood
Norman Acres Neighborhood Association
Traffic Count
45,000 vehicles/day
Building Details
Building Size
5,632 SF
Year Built
1978
Listing Agency:
Matthews Real Estate Investment Services - Orange County
Listed By:
Connor Olandt · License #01985082 (CA)
(949) 432-4504
Source:
Matthews
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 3 at 3:02AM
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 Matthews Real Estate Investment Services - Orange County
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Investment Insights
Based on property information with market context.
Built in 1978, this restaurant property formerly operated as Chili’s and is positioned for an owner-user or redevelopment plan. The asset is located at 4344 E Towne Blvd in Madison, Wisconsin, directly across from East Towne Mall and within a commercial corridor that includes Target, Aldi, The Home Depot, McDonald’s, Chipotle, and other national restaurant and retail operators.
The property is exposed to more than 45,000 cars per day, with over 127,000 people residing within a 5-mile radius. The surrounding area also includes the planned redevelopment of East Towne Mall, described as a 100+ acre mixed-use project. Dane County Regional Airport and the Wisconsin Army National Guard Pearson Military Base are a few minutes away.
The property is exposed to more than 45,000 cars per day, with over 127,000 people residing within a 5-mile radius. The surrounding area also includes the planned redevelopment of East Towne Mall, described as a 100+ acre mixed-use project. Dane County Regional Airport and the Wisconsin Army National Guard Pearson Military Base are a few minutes away.
Key Highlights
- Former Chili’s restaurant property built in 1978
- Across from East Towne Mall in Madison, WI
- More than 45,000 cars per day pass the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,492
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,829,840
$1.8M
Cap Rate 7%
$1,307,029
$1.3M
Cap Rate 9%
$1,016,578
$1.0M
Market Conditions
NOI Build-Up for 5,632 SF
Gross rent
$128.4K $22.80/SF
− Vacancy
−$6.4K −$1.14/SF
EGI
$122.0K $21.66/SF
− OpEx
−$30.5K −$5.42/SF
NOI
$91.5K $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%
$1,829,840
Cap Rate 7%
$1,307,029
Cap Rate 9%
$1,016,578
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,492 @ 7.0% cap · market cap 3.81%
Second Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,557 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,163 @ 7.0% cap · market cap 4.80%
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
Lease Details
45,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Under-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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant building across from East Towne Mall with owner-user or redevelopment potential.
Where is this conventional restaurant located?
The property is located at 4344 E Towne Blvd Madison, WI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Former Chili’s restaurant property built in 1978; Across from East Towne Mall in Madison, WI; More than 45,000 cars per day pass the property
