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Property profile

1121 Park St Madison, WI 53715

OFF-MARKET
Apartment buildings
Property ID
US92-1407391
61,815 SF 0.64 ac lot Built 2020
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Emerson at Bay Creek offers exceptional retail space in Madison, Wisconsin. This vibrant storefront, part of a new mixed-use development, boasts 2,500 square feet of immediately available space, divisible to 1,250 square feet, perfect for a variety of businesses. Located at 1121 S Park St, 53715, this property benefits from high visibility and accessibility, situated near UW Health and the Isthmus. The building, constructed in 2021, features modern design elements including floor-to-ceiling windows and impressive 14-foot high ceilings, providing ample natural light and a spacious feel. An attractive tenant improvement allowance of $30 per square foot is available to customize the space to your specific needs. An endcap unit is particularly well-suited for a café or restaurant, with the added benefit of a desirable outdoor patio area. On-site parking is reserved for commercial tenants, ensuring convenient access for customers and employees. The property's prime location on S Park St enjoys high traffic counts, averaging 26,050 vehicles daily, providing excellent exposure for your business. The zoning is TSS, and Dane County taxes and CAM charges are $6.50 per square foot. This is a rare opportunity to establish your business in a thriving Madison neighborhood within a modern, well-maintained building. Don't miss this chance to secure your ideal retail space.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2020
Total area 61,815 SF
Lot 0.64 ac (27,928 SF)
Zoning code TSS
APN 0709-262-0618-1
UPID US92-1407391

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Apartment Building

Location

1121 Park St Madison, WI 53715-1758
Madison metro Census 1300 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$7.64M

Owner & transaction history

since 2025
1 recorded transaction
2025
$11.6M

Zoning & alternative use

TSS · Madison, WI
Zoning description

ial - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use…

General category MIXED_USE

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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