Property profile

311-315 State St Madison, WI 53703

OFF-MARKET
Retail properties & Spaces
14,534 SF 0.2 ac lot Built 1928
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 311-315 State Street in the heart of Madison's vibrant Central submarket, presents a unique investment opportunity. The building, constructed in 1928 and renovated in 1995, boasts a total of 14,534 square feet across two stories, with 2,900 square feet currently available for lease. Situated on a 0.2-acre lot (8,824 square feet), this Class B property features a prime location with high visibility and foot traffic. The space includes recently updated kitchen areas and bathrooms, new electrical systems, large front windows for optimal natural light, and lit exterior signage. A full Class B liquor license is available for qualified tenants. The kitchen area features stainless steel lining and a new sealed tile floor. Recent improvements also include two new 5-ton air compressors (installed one year ago) and a roof exhaust system. High ceilings (12 feet) and LED panel lighting enhance the space. The property is zoned DC and is located in Dane County, Wisconsin, zip code 53703. This property benefits from a long history of successful tenancy and is ready for a new chapter.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1928
Total area 14,534 SF
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

311-315 State St Madison, WI 53703
Madison metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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