1 Sherman Ter Madison, WI 53704
- Commercial real estate
- 3,659 SF
Current Use by Public Records
- Groovy Pizzeria / Restaurant
- Groovy Wood Studios / Home Audio Store / Music Store
- Rachel Bauer & Associates Insurance Agency / Insurance Agency
- Dawson Wiegman Agency / Insurance Agency
Property Details for 1 Sherman Ter
- Year built
- 1949
- Property size
- 3,659 SF
- Property type
- Commercial real estate
- APN
- 251/0709-124-1301-3
Description
This exceptional mixed-use investment property, located at 1 Sherman Terrace in Madison, Wisconsin, presents a unique opportunity. Boasting 3,659 square feet, this property is situated on a highly visible corner lot at the intersection of Sherman Terrace and Sherman Avenue, benefiting from significant traffic volume on nearby Hwy 151 (45,000 VPD) and E Johnson (over 24,000 VPD). The building, constructed in 1949 and renovated in 1985, is zoned TR2 and features a restaurant subtype within a mixed-use, office, and retail designation. Its central location between downtown Madison and Maple Bluff offers easy access to a vibrant community with diverse amenities, including nearby parks like Tenny Park and Burrows Park, and popular establishments such as Lola’s Hi-Low Lounge and Bear & Bottle. This property holds historical significance as a former Oscar Rennebohm drugstore, a testament to its enduring appeal and prime location. Offered at $1,180,000, the property is sold "as is," presenting significant upside potential for development. Renderings and additional information are available upon request. The property's APN is 251/0709-124-1301-3. This is an ideal opportunity for owner-occupancy or investment in destination retail, office space, or fast-casual dining.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.3679699
- Latitude
- 43.096975
