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

510 S Park St, Madison, WI 53715

The property combines commercial occupancy, apartment units, a garage, and on-site parking across two buildings.

Property Size3,797 SF
Days on Market354

Property Features for 510 S Park St

General Information

Standard status Pending
Size 3,797 SF
Property subtype Mixed Use, Multifamily, Office, Retail
Zoning TSS
Occupancy 100%
Lease Type NNN
Investment Type Value Add

Building Details

Year Built 1933
Buildings 3
Stories 2
Tenancy Multi
Listing Agency: The Hub Realty
Listed By: Ryan Schmitz · License #WI
Source: Crexi
Added: Sep 11, 2025 Changed: Aug 29 Last Checked: Aug 29 at 10:30PM

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. Two larger apartments are positioned above the commercial areas, while a separate two-flat sits just north of the primary building. An oversized two-car garage and additional parking serve the site. The property size is 3,797, and the building dates to 1933.

Cordial Bar occupies one commercial space under an initial 10-year lease term and has operated at the property for 4 years. Spike-O-Matic Tattoo occupies the adjacent commercial space and has maintained a longstanding presence there. The property is zoned TSS and is located on S Park St in Madison, adjacent to the Vilas/Greenbush neighborhood and near downtown.

Key Highlights

  • Two buildings with 2 commercial spaces and 4 apartments
  • Separate 2‑flat located north of the primary building
  • Oversized two‑car garage plus ample on‑site parking

Property Analytics

Current Use

Retail space

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines commercial occupancy, apartment units, a garage, and on-site parking across two buildings.
Where is this mixed-use property located?
The property is located at 510 S Park St Madison, WI.
What are key features of this property?
This property features: Two buildings with 2 commercial spaces and 4 apartments; Separate 2‑flat located north of the primary building; Oversized two‑car garage plus ample on‑site parking
(608) 345-0150 Call to check price and availability
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