Corner Mixed-Use
702 W Wingra Drive Madison, WI 53715
For Sale
$1,179,900
COMMERCIAL - Madison, WI
Property Size3,285 SF
Lot Size0.29 Acres
Price / SF$359.18
Days on Market161
Property Features for 702 W Wingra Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CC-T
- Standard status
- Active
- APN
- 0709-264-0801-8
- Size
- 3,285 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 9078
Building Details
- Year built
- 1948
- Number of units
- 3
- Roof type
- Flat
Listing Agency:
Keller Williams Realty
(608) 831-0800
Listed By:
Bonita Nunez · License #51917-94
(608) 347-4663
Added: Feb 13
Changed: Jul 23
Last Checked: Jul 24 at 9:06AM
MLS# 2016471
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.
Two-story corner property for sale featuring commercial space on the main level and residential units on the second floor. The second floor consists of a 1-bedroom unit and a 3-bedroom unit. The main-level commercial space was previously utilized as a pet clinic and is being sold as-is.
The property is located at 702 W Wingra Drive in Madison, WI, on the Park Street corridor area, and the public remarks note it is behind Starbucks on Park St. The seller also indicates the adjacent property at 1616 Beld St is being sold.
With its mixed-use setup and corner-lot positioning, the building offers an on-site combination of commercial and residential space under one ownership.
The property is located at 702 W Wingra Drive in Madison, WI, on the Park Street corridor area, and the public remarks note it is behind Starbucks on Park St. The seller also indicates the adjacent property at 1616 Beld St is being sold.
With its mixed-use setup and corner-lot positioning, the building offers an on-site combination of commercial and residential space under one ownership.
Key Highlights
- 2‑story corner lot commercial property built in 1948
- Main level commercial space previously used as a pet clinic
- Second floor includes a 1‑bedroom unit and a 3‑bedroom unit
Financial Insights For Office B
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 | $86.7k | $26.40 |
| − Vacancy | −$12.8k | −$3.91 |
| EGI | $73.9k | $22.49 |
| − OpEx | −$18.5k | −$5.62 |
| NOI | $55.4k | $16.87 |
3,285 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$791.7K
$692.7K – $923.6K
NOI $55,417 @ 7.0% cap · market cap 4.70%
Second Best
Healthcare Medical
$667.0K
$583.6K – $778.2K
NOI $46,689 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$959.6K
$839.7K – $1.12M
NOI $67,172 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Whole Pet Veterinary Clinic — 1222 S Park St, Madison, WI 53715
- Animal Health Center — Madison, WI 53715
FAQs
What type of property is this?
Medical Office Space - Two-story corner property with main-level commercial space plus 1- and 3-bedroom units on the second floor.
Where is this medical office space located?
The property is located at 702 W Wingra Drive Madison, WI.
What is the asking price?
The asking price for this property is $1,179,900.
What are key features of this property?
This property features: 2‑story corner lot commercial property built in 1948; Main level commercial space previously used as a pet clinic; Second floor includes a 1‑bedroom unit and a 3‑bedroom unit
