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    7 Main St Madison, WI 53703

    For Lease
    $32 SF/Yr

    Prime Madison location, 8,620 sq ft, two stories.

    Lot size:
    8,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,620-square-foot restaurant and bar opportunity is situated on Madison's vibrant Capital Square, at 7 W Main St, 53703. The property boasts a prime location directly across from the Wisconsin State Capitol building, ensuring high visibility and significant foot traffic throughout the day. Thousands of state employees work within walking distance, creating a robust daytime clientele. The two-story building offers a versatile layout, with the main floor commanding a higher rental rate of $32 per square foot, while the upper level is available at $24 per square foot. The building features a single passenger lift elevator for convenient access to both levels. Evening business is further enhanced by the proximity to numerous downtown residences, major hotels, and the convention center, guaranteeing a steady stream of evening patrons. This unique vintage-styled space presents a rare chance to establish a thriving business in a highly desirable and well-trafficked area of Madison, Wisconsin. The entire 8,620 square feet is currently vacant, providing a blank canvas for a creative and ambitious entrepreneur. The property's location on Capital Square offers unparalleled exposure and accessibility.

    Property Features for 7 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,620 SF
    Total Rate
    22986.67

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Size
    8,620 SF
    Rate per SF
    $32

    HighLights

    • Two‑story space with separate bar and dining areas on each floor, ideal for private events.
    • Poured terrazzo bar floor and marble back bar.
    • Features one of the city's longest custom wood bars.
    • Divisible space (contact Brian Wolff for details).
    • Full basement with easy access for tap lines.
    • Full‑size kitchen with installed hood system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Representative David Craig State Government Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3832902
    Latitude
    43.0733624

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    FAQs

    What type of property is this?
    Restaurant - Prime Madison location, 8,620 sq ft, two stories.
    Where is this restaurant located?
    The property is located at 7 Main St Madison, WI.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Two-story space with separate bar and dining areas on each floor, ideal for private events.; Poured terrazzo bar floor and marble back bar.; Features one of the city's longest custom wood bars.
    Request Owner's contact information
    7 Main St Madison, WI 53703
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    Madison, WI 53703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Main St Madison, WI 53703
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