115 Main St Madison, WI 53703

Property Details for 115 Main St

Year built

1854

Lot size

0.04 lot acres

Property size

1,883 SF

Zone code

DC WP-17

Property type

Investment properties

Property subtype

Live-work space

APN

0709-133-2732-0

APU

70913327320

Description

This exceptional mixed-use property at 115 E Main St, Madison, WI 53703, presents a rare investment opportunity in the heart of downtown. The building, encompassing 3,761 square feet across two stories, is situated on a 0.05-acre lot and zoned DC. The ground floor currently operates as a fully furnished restaurant, boasting indoor seating for approximately 80 patrons and outdoor seating for about 150. Convenient access to both King Street and Main Street enhances its visibility and accessibility. Ample parking options are available, including a parking ramp directly across the street, metered parking on both sides of the building, and a public lot just a block away. The upper level features a brand-new, 1,470 square foot luxury apartment, offering versatile space ideal for office use, additional residential units, or retail expansion. The asking price is $1,850,000, translating to $491.89 per square foot. The property's prime location, just off the Capital Square, combined with its diverse income streams and flexible space, makes it an attractive investment prospect. The land itself covers 2,178 square feet. This is a unique chance to acquire a thriving downtown Madison establishment with significant upside potential.

Location Insight

City

Madison

County

Dane

State

Wisconsin

Longitude

-89.3812

Latitude

43.0749

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments