521 State StMadison, WI 53703

Property Details for 521 State St

Year built

1864

Lot size

0.08 AC

Property size (Sq ft)

1,449 SF

Zone code

DC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0709-232-0206-7

APU

70923202067

Description

This exceptional 1,349 square foot retail space is ideally situated on State Street in Dane County, Wisconsin. Currently vacant and ready for immediate occupancy, this single-tenant property presents a fantastic opportunity for a variety of businesses. The space offers ample room for a retail operation, with a flexible layout adaptable to diverse needs. The monthly rent is $4,283.06, with an additional $600.00 per month for common area maintenance (CAM). Importantly, the tenant is responsible for 50% of all property taxes, fire and extended coverage insurance, 50% of special assessments levied by the city, and other operating expenses, all billed as additional rent. Furthermore, the tenant will cover 100% of mall maintenance and bid district fees. This transparent cost structure provides predictable operational budgeting. The property's prime location on State Street ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a strong presence in a vibrant commercial area. This is a rare opportunity to secure a well-positioned retail space in a desirable Dane County location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $261,634

  6.5%

  $241,508

  7%

  $224,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $147,107

  Geo Method

  $188,732

• Alternative Use

  Use

  Valuation

  Residential

  $299,470

  Hospitality

  $274,313

  Educational

  $228,225

  Medical

  $236,074

  Retail

  $355,017

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0746

Longitude

-89.3945

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.