2 Mills St Madison, WI 53715
- Commercial real estate
- 7,264 SF
- 0.24 lot acres
Current Use by Public Records
- Hong Kong Cafe / Restaurant / Cafe
Property Details for 2 Mills St
- Year built
- 1923
- Lot size
- 0.24 lot acres
- Property size
- 7,264 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use property, situated at 2 S Mills Street in Madison, Wisconsin, presents a unique investment opportunity. The building boasts a highly desirable location between the vibrant downtown area and the University of Wisconsin campus, directly on the corner of Regent Street and S. Mills Street. The ground floor encompasses a substantial 2,464 square foot restaurant space, complete with a fully equipped commercial kitchen featuring a 20-foot hood, a front bar equipped with a beer tap system, a dedicated dining area, and ample walk-in cooler storage. This space is further enhanced by a liquor license, allowing for an impressive 880-person outdoor beer garden during University of Wisconsin football games. Convenient on-site parking is provided by 11 spaces, supplemented by a detached three-car garage. The upper floors offer residential income potential with two apartments: a two-bedroom, one-bathroom unit and a three-bedroom, one-bathroom unit. Currently owner-occupied, the property offers flexibility regarding occupancy. The 0.24-acre lot presents significant redevelopment potential, with possibilities including an eight-story hotel or the assembly of adjacent lots for a larger student housing project. The total building size is 7,264 square feet. This property is priced at $0 and is being offered for sale.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- DANE
- State
- Wisconsin
- Longitude
- -89.4043
- Latitude
- 43.0676
