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State Street Retail/Restaurant Space
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315 State Street, Madison, WI 53703

Updated retail or restaurant space in the heart of State Street.

Space Size2,900 SF
Property Size14,534 SF
Days on Market1852

Property Features for 315 State Street

General Information

Standard status Active
Size 2,900 SF
Class B
Property subtype Retail, Restaurant

Building Details

Building Size 14,534 SF
Year Built 1928
Tenancy Multiple

Spaces For Lease

at 315 State Street Contact us

Suite 315

Size
2,900 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: NAI Madison
Listed By: Michael Barrett · License #WI
Source: Crexi
Added: Aug 14, 2021 Changed: Aug 26 Last Checked: Sep 6 at 4:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Madison

Investment Insights

Based on property information with market context.

This property, located in the heart of State Street, has a history of success. It features recently updated kitchen area, bathrooms, and electrical systems. The space includes large front windows and lit exterior signage is available. A full Class B liquor license is available to qualified tenants. The kitchen area is stainless steel lined with a new sealed tile floor. The property also includes two new 5-ton air compressors on the roof, with one year of use. A roof exhaust system is in place. The ceilings are 12' high, and LED panel lighting is installed. This property is suitable for restaurants and retail space.

Key Highlights

  • Full Class B Liquor License Available
  • Recently updated kitchen, bathrooms & electrical
  • Prime location in the heart of State Street

Property Analytics

Current Use

Restaurants

Suggested Use

Top Pick HVAC Service Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Electrical Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.28 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,606
Businesses Nearby
Under-served
Demand for This Use

Demographics for 53703, WI

38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Monona Catering LLC 1 John Nolen Dr, Madison, WI 53703
  • JustVeggiez 540 State St, Madison, WI 53703
  • MachiquesCity Venezuelan Restaurant 638 State St, Madison, WI 53703
  • Catering a Fresco 201 State St, Madison, WI 53703
  • Cultura Cali 700 State St, Madison, WI 53703

Frequently Asked Questions

What type of property is this?
Restaurant - Updated retail or restaurant space in the heart of State Street.
Where is this restaurant located?
The property is located at 315 State Street Madison, WI.
What is the lease rate?
The lease rate is $28.55 SF/Yr.
What are key features of this property?
This property features: Full Class B Liquor License Available; Recently updated kitchen, bathrooms & electrical; Prime location in the heart of State Street
(608) 828-8800 Call to check price and availability
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