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    1528 Madison Ave Memphis, TN 38104

    For Lease
    $12 SF/Yr ($4,600 /Mo)

    Two Suites, 2,255 sq ft each, High Visibility

    Lot size:
    4,510 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,510 square foot commercial property at 1528 Madison Ave offers two available suites, each measuring approximately 2,255 square feet. Located in a vibrant area across from Minglewood Hall, near residential neighborhoods, and conveniently close to Midtown and Cooper-Young, this property boasts prime visibility and accessibility. The single-story, 1940-built brick building sits on a 0.28-acre lot (12,228 sq ft) and features ample parking with 10 spaces available, including off-street parking in the rear and convenient on-street parking. The property is zoned commercial and is serviced by electric power. No elevators are present. The building is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for two separate tenants to lease individual suites. Each suite is available for $2,500 per month, with a discounted rate available for leasing both suites simultaneously. Property taxes are $1.02 per square foot. The cross street is N. Willett St. This property is ideal for businesses seeking a high-profile location with excellent accessibility and ample parking. The flexible layout allows for various business configurations, making it a versatile option for a range of commercial uses.

    Property Features for 1528 Madison Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,510 SF
    Total Rate
    4600.2

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite A
    Size
    2,255 SF
    Rate per SF
    $12
    Space
    Suite B
    Size
    2,255 SF
    Rate per SF
    $12

    HighLights

    • 4,510 SF multi‑tenant office building with two 2,255 SF suites available.
    • Fully vacant, 4,510 SF available for lease.
    • Located at 1528 Madison Ave, Memphis, TN, near Minglewood Hall and Cooper‑Young.
    • 1940 construction, single‑story building on a 0.28‑acre lot (12,228 SF).
    • 10 parking spaces; electric power; no elevator.
    • Zoned Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.010328891069
    Latitude
    35.138308303039

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    FAQs

    What type of property is this?
    Office space - Two Suites, 2,255 sq ft each, High Visibility
    Where is this office space located?
    The property is located at 1528 Madison Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 4,510 SF multi-tenant office building with two 2,255 SF suites available.; Fully vacant, 4,510 SF available for lease.; Located at 1528 Madison Ave, Memphis, TN, near Minglewood Hall and Cooper-Young.
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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
    1528 Madison Ave Memphis, TN 38104
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