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

    311-315 State St Madison, WI 53703

    Sponsored
    For Lease
    $31 SF/Yr

    Madison Mixed-Use, 2,900 SF Available

    Lot size:
    14,534 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 311-315 State Street in the heart of Madison's vibrant Central submarket, presents a unique investment opportunity. The building, constructed in 1928 and renovated in 1995, boasts a total of 14,534 square feet across two stories, with 2,900 square feet currently available for lease. Situated on a 0.2-acre lot (8,824 square feet), this Class B property features a prime location with high visibility and foot traffic. The space includes recently updated kitchen areas and bathrooms, new electrical systems, large front windows for optimal natural light, and lit exterior signage. A full Class B liquor license is available for qualified tenants. The kitchen area features stainless steel lining and a new sealed tile floor. Recent improvements also include two new 5-ton air compressors (installed one year ago) and a roof exhaust system. High ceilings (12 feet) and LED panel lighting enhance the space. The property is zoned DC and is located in Dane County, Wisconsin, zip code 53703. This property benefits from a long history of successful tenancy and is ready for a new chapter.

    Property Features for 311-315 State St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,534 SF
    Class
    B
    Total Rate
    37582.5

    Building Details

    Year Built/Renovated
    1928/1995
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 315
    Size
    2,900 SF
    Rate per SF
    $31

    HighLights

    • 2,900 SF available for lease.
    • Lease price: $7,500 per month.
    • Prime State Street location with a history of successful tenancy.
    • Recently updated kitchens, bathrooms, and electrical systems.
    • Large front windows and lit exterior signage.
    • Back delivery entrance off W. Johnson St.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3906698
    Latitude
    43.074665

    Nearby Similar for Lease

    • $18,000 /Mo

      Versatile Retail, Office, Warehouse Space

      Affordable space with parking near East Washington Street in Madison.
      2645 Milwaukee St, Madison, WI 53704
      View Details
    • $9,345 /Mo

      Versatile Commercial Space in Madison

      Flexible commercial space suitable for various businesses in a desirable location.
      195-209 Cottage Grove Rd, Madison, WI 53716
      View Details
    • $18,000 /Mo

      Office and Garage Space Available

      Office and garage space for rent in Madison, Wisconsin.
      4211 W Beltline Hwy, Madison, WI 53711
      View Details
    • $18,000 /Mo

      Contractor Garage Space with Office

      1,500 SF garage space with office in Madison, WI.
      4211 W Beltline Hwy, Madison, WI 53711
      View Details
    • $1,000 /Mo

      Office Space with Natural Light

      Office space featuring natural light, private bathroom, and kitchenette.
      715 Post Rd, Madison, WI 53713
      View Details
    • Contact for pricing
      18,689 SF

      East Madison Flex/Warehouse Building

      Office, flex, and warehouse space available for lease in Madison.
      4253 Argosy Ct, Madison, WI 53714
      View Details
    • $6 SF/Yr
      18,750 SF

      Industrial Space on Stoughton Road

      Industrial suites suitable for manufacturing, warehousing, and distribution.
      2041-2065 S Stoughton Rd, Madison, WI 53716
      View Details
    • $32 SF/Yr
      5,108 SF

      Class A Office Space Available

      Premier office building with lake views in downtown Madison.
      150 E Gilman St, Madison, WI 53703
      View Details
    • $12 SF/Yr
      1,998 SF

      Northgate Shopping Center Retail Space

      Retail spaces in established Madison shopping center with high visibility.
      1117-1213 N Sherman Ave, Madison, WI 53704
      View Details
    • Contact for pricing

      Mixed-Use Commercial Building in Madison

      Mixed-use commercial building with easy access and ample parking.
      658 S Gammon Rd, Madison, WI 53719
      View Details
    • $18 SF/Yr
      62,507 SF

      Remodeled Class A Office Space

      Class A office space in Old Sauk Trails Park.
      1117-1125 Deming Way, Madison, WI 53717
      View Details
    • Contact for pricing
      150,000 SF

      Madison Yards Office Suites

      Prime Madison Office Space Available
      0 Segoe Rd, Madison, WI 53705
      View Details

    FAQs

    What type of property is this?
    Restaurant - Madison Mixed-Use, 2,900 SF Available
    Where is this restaurant located?
    The property is located at 311-315 State St Madison, WI.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: 2,900 SF available for lease.; Lease price: $7,500 per month.; Prime State Street location with a history of successful tenancy.
    Request Owner's contact information
    311-315 State 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.
    311-315 State 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
    311-315 State 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.