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    1868 Washington Ave Madison, WI 53704

    For Lease
    Contact for pricing

    3,145 SF Retail, Class A, New Construction

    Lot size:
    488,717 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,145 square foot retail space is available for lease in a vibrant, new Class A mixed-use development at the corner of N. 1st St. and E. Washington Ave. Located within a 290-unit apartment complex, this property offers unparalleled visibility and access to a large resident base. The space is part of a thriving retail environment, boasting strong co-tenancy with established businesses such as Starbucks, Mint Mark, and Tabby & Jacks. Convenient at-grade parking is available for customers and employees. This prime location benefits from its proximity to the Madison Public Market, slated to open Spring 2025, further enhancing foot traffic and attracting a diverse clientele. The building itself is a six-story structure, constructed in 2022, offering modern amenities and a high-quality build. The total building size is 488,717 square feet, with a minimum divisible space of 3,145 square feet, and a maximum contiguous space of 3,145 square feet. Currently, 3,145 square feet of retail space is vacant and ready for immediate occupancy. This presents a unique opportunity for businesses seeking a high-profile location in a rapidly growing area. Contact us today to learn more about lease rates and secure this exceptional retail space.

    Property Features for 1868 Washington Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    488,717 SF
    Class
    A

    Building Details

    Year Built
    2022
    Stories
    6

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,145 SF

    HighLights

    • 3,145 SF of Class A retail space available for lease in a new mixed‑use development.
    • Ample at‑grade parking.
    • Excellent co‑tenancy with Starbucks, Mint Mark, and Tabby & Jacks.
    • Prime location at N. 1st St. and E. Washington Ave., adjacent to the Madison Public Market (opening Spring 2025).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Standard Madison Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3511495
    Latitude
    43.1438143

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    FAQs

    What type of property is this?
    Retail property - 3,145 SF Retail, Class A, New Construction
    Where is this retail property located?
    The property is located at 1868 Washington Ave Madison, WI.
    What are key features of this property?
    This property features: 3,145 SF of Class A retail space available for lease in a new mixed-use development.; Ample at-grade parking.; Excellent co-tenancy with Starbucks, Mint Mark, and Tabby & Jacks.
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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
    1868 Washington Ave Madison, WI 53704
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