Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    115 Main St Madison, WI 53703

    Sponsored
    For Sale
    $1,850,000

    Prime Retail & Apartment Opportunity

    Property size:
    3,761 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 115 E Main St, Madison, WI 53703, presents a rare investment opportunity in the heart of downtown. The building, encompassing 3,761 square feet across two stories, is situated on a 0.05-acre lot and zoned DC. The ground floor currently operates as a fully furnished restaurant, boasting indoor seating for approximately 80 patrons and outdoor seating for about 150. Convenient access to both King Street and Main Street enhances its visibility and accessibility. Ample parking options are available, including a parking ramp directly across the street, metered parking on both sides of the building, and a public lot just a block away. The upper level features a brand-new, 1,470 square foot luxury apartment, offering versatile space ideal for office use, additional residential units, or retail expansion. The asking price is $1,850,000, translating to $491.89 per square foot. The property's prime location, just off the Capital Square, combined with its diverse income streams and flexible space, makes it an attractive investment prospect. The land itself covers 2,178 square feet. This is a unique chance to acquire a thriving downtown Madison establishment with significant upside potential.

    Property Features for 115 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,761 SF
    Lot Size
    2,178 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Prime downtown Madison location at 115 E Main St.
    • 3,761 square foot mixed‑use building on a 0.05‑acre lot (2,178 SF), zoned DC.
    • Ground floor: Established restaurant with 80 indoor and 150 outdoor seats.
    • Upper level: 1,470 SF new luxury apartment, adaptable for various uses.
    • $1,850,000 asking price ($491.89/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Geiger Realtors® Real Estate Agency Special Investigations & Forensic ... Private Investigator McGinnis Design, LLC Interior Designer Wi State Council ... General Contractor Medina Law Office Lawyer

    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
    -89.3812941
    Latitude
    43.0749747

    Nearby Similar for Sale

    • $1,799,000

      Historic Office Building in Madison

      Charming office building in downtown Madison, close to Lake Mendota.
      401 Wisconsin Ave, Madison, WI 53703
      View Details
    • $849,900
      0.34 Acres

      Spacious Fitchburg Duplex Opportunity

      Well-maintained duplex with 3 bedrooms, close to amenities.
      2906-2908 Brian Ln, Madison, WI 53711
      View Details
    • $1,350,000

      Adaptable Warehouse/Office Space in Madison

      16,280 sq ft warehouse/office with flexible business use potential.
      1335 Gilson St, Madison, WI 53715
      View Details
    • New
      $590,000
      0.39 Acres

      Fitchburg Duplex in Verona District

      Turn-key duplex in Fitchburg with strong rental demand.
      5302 Williamsburg Way, Madison, WI 53719
      View Details
    • $375,000
      0.16 Acres

      Madison Two-Unit Property For Sale

      Two-unit property with bright spaces, oak floors, and high ceilings.
      24-26 N Fair Oaks Ave, Madison, WI 53714
      View Details
    • $447,749
      0.14 Acres

      Madison Duplex Investment Opportunity

      Cash-flowing duplex in North Madison, leased through mid-2026.
      1802-1806 Loftsgordon Ave, Madison, WI 53704
      View Details
    • $1,500,000

      Historic Willy Street Commercial Building

      Historic commercial building in vibrant Marquette neighborhood, Madison, WI.
      1053 Williamson St, Madison, WI 53703
      View Details
    • $725,000
      0.26 Acres

      Madison Duplex with Finished Basement

      Spacious 2-bed/2-bath units with finished basements, great investment opportunity.
      5019-5021 Manitowoc Pkwy, Madison, WI 53705
      View Details
    • $1,600,000
      0.39 Acres

      Madison Investment Opportunity: Four Units

      Four-unit property in Grandview Commons neighborhood, Madison, Wisconsin.
      6062 Driscoll Dr, Madison, WI 53718
      View Details
    • $694,000
      0.27 Acres

      Madison Duplex on Corner Lot

      Side-by-side townhouse-style duplex on a corner lot in Madison.
      6934/6938 Chester Dr, Madison, WI 53719
      View Details
    • $1,399,900

      Versatile Commercial Space on Madison's West

      5,250 sqft commercial space ideal for various business uses.
      1225 Greenway Cross, Madison, WI 53713
      View Details
    • $629,000
      0.18 Acres

      Madison Triplex Near Olbrich Park

      Three-unit property near Starkweather Creek and Olbrich Park.
      3401 Dawes St, Madison, WI 53714
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Retail & Apartment Opportunity
    Where is this individual retail property located?
    The property is located at 115 Main St Madison, WI.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Prime downtown Madison location at 115 E Main St.; 3,761 square foot mixed-use building on a 0.05-acre lot (2,178 SF), zoned DC.; Ground floor: Established restaurant with 80 indoor and 150 outdoor seats.
    Request Owner's contact information
    115 Main St Madison, WI 53703
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Main St
    Madison, WI 53703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    115 Main St Madison, WI 53703
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.