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Mixed-Use Property with Apartments
For Sale
Contact for pricing
Pending

510-516 S Park, Madison, WI 53715

Two buildings combine commercial space, apartments, parking, and a garage in an established urban setting.

Property Size5,386 SF
Days on Market354

Property Features for 510-516 S Park

General Information

Standard status Pending
Size 5,386 SF
Total Parking Spaces 8
Property subtype Retail, Office, Multifamily

Building Details

Year Built 1933
Units 6
Listing Agency: The Hub Realty
Listed By: Ryan Schmitz · License #WI
Source: Crexi
Added: Sep 11, 2025 Changed: Aug 30 Last Checked: Aug 30 at 12:28AM

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 The Hub Realty

Investment Insights

Based on property information with market context.

This mixed-use property includes two buildings with two commercial spaces and four apartments. The primary structure also includes an oversized two-car garage, while additional parking serves the property. Two large apartments are positioned above the commercial areas, and a separate two-flat is included just north of the main building. The improvements date to 1933.

The commercial component is occupied by Cordial Bar and Spike-O-Matic Tattoo. Cordial Bar has operated at the property for 4 years under an initial 10-year lease term, while Spike-O-Matic Tattoo is described as a long-established business. Located at 510-516 S Park in Madison, the property is adjacent to the Vilas/Greenbush neighborhood and within walking distance of downtown.

Key Highlights

  • Two buildings with 2 commercial spaces and 4 apartments
  • Oversized two‑car garage with ample parking
  • Cordial Bar lease includes an initial 10‑year term

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Garden Center Home Appliance Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,266
Businesses Nearby

Demographics for 53715, WI

16,517
Population
5,640
Households
2.9
Avg Household Size
24
Median Age
66%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
12,705
Density / Sq Mi
$37,598
Median Household Income
$8,819
Median Earnings
$1,533
Median Rent
$436,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two buildings combine commercial space, apartments, parking, and a garage in an established urban setting.
Where is this mixed-use property located?
The property is located at 510-516 S Park Madison, WI.
What are key features of this property?
This property features: Two buildings with 2 commercial spaces and 4 apartments; Oversized two‑car garage with ample parking; Cordial Bar lease includes an initial 10‑year term
(608) 345-0150 Call to check price and availability
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