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    5001 University Ave Madison, WI 53711

    For Lease
    $18 SF/Yr

    Prime Madison location, 3,750 sq ft available.

    Lot size:
    65,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,750 square foot commercial space is situated at 5001 University Avenue in Madison, Wisconsin, within a larger 65,000 square foot building. Currently vacant, this space presents a unique opportunity for a variety of businesses. Previously configured as a restaurant, it retains valuable features including a hood vent, grease trap, water heater, and restrooms. A large dining area and kitchen are readily available for restaurant use, or the space could easily be adapted for office or salon use. The space boasts abundant natural light and impressive views of University Avenue, thanks to its large windows. The property benefits from high visibility, with an estimated 34,000 cars passing daily, and ample parking is provided. Building and monument signage opportunities are also available. The property is classified as Class B and located in the Greater Madison Area within Dane County, zip code 53711. Taxes are $3.50 per square foot. While the current CAM and tax expense is $3.77 per square foot, tenants are responsible for utilities and janitorial services. Due to planned redevelopment, the initial lease term and options are limited

    Property Features for 5001 University Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,000 SF
    Class
    B
    Total Rate
    97500

    Unit(s) available at that property

    Space
    Building 1
    Size
    3,750 SF
    Rate per SF
    $18

    HighLights

    • 3,750 SF vacant commercial space at 5001 University Ave, Madison, WI.
    • High‑visibility location on University Ave with 34,000 cars daily, offering monument and building signage opportunities.
    • Excellent access and visibility at a signalized intersection.
    • Located across from a new medical/office and apartment development.
    Property Profile Location Intelligence

    Current Use by Public Records

    appliance repair in Madison Appliance Repair Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.467368
    Latitude
    43.0757432

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    FAQs

    What type of property is this?
    Restaurant - Prime Madison location, 3,750 sq ft available.
    Where is this restaurant located?
    The property is located at 5001 University Ave Madison, WI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 3,750 SF vacant commercial space at 5001 University Ave, Madison, WI.; High-visibility location on University Ave with 34,000 cars daily, offering monument and building signage opportunities.; Excellent access and visibility at a signalized intersection.
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    5001 University Ave Madison, WI 53711
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    Madison, WI 53711
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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
    5001 University Ave Madison, WI 53711
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