2 Mills St Madison, WI 53715

This exceptional mixed-use building, totaling 7,264 square feet, presents a unique investment opportunity in Madison, Wisconsin. Situated on a 0.244-acre lot at the corner of Regent Street and South Mills Street, between downtown Madison and the University of Wisconsin campus, this property offers a blend of commercial and residential income streams. The ground floor features a 2,464-square-foot restaurant space complete with a full commercial kitchen (including a 20-foot hood), a front bar with a beer tap system, a dining area, walk-in coolers, and a liquor license allowing for an 880-person outdoor beer garden during UW football games. Eleven on-site parking spaces and a detached three-car garage provide ample parking. The second floor comprises two residential apartments: a two-bedroom, one-bathroom unit and a three-bedroom, one-bathroom unit. Currently owner-occupied, this offers flexibility for future tenants. Built in 1923, the two-story building sits on a lot zoned TSS, presenting redevelopment potential. The property's prime location and existing infrastructure make it ideal for continued operation as a mixed-use property or for redevelopment into an eight-story hotel or a larger student housing complex (subject to city approvals). The net rentable square footage is 4,864 square feet, spread across one building with three units.