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Property profile & analytics
FOR SALE
Investment properties

115 E Main St Madison, WI 53703

1,883 SF 0.04 ac lot Built 1854
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US92-0504772
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1854
Total area 1,883 SF
Lot 0.04 ac (1,830 SF)
Zoning code DC WP-17
APN 0709-133-2732-0
UPID US92-0504772
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Geiger Realtors® Real Estate Agency
  • Special Investigations & Forensic Technologies, LLC Law Firm Security Service
  • McGinnis Design, LLC Interior Design Home Decor Store
  • Wi State Council of Carpenters Construction Company General Contractor
  • Medina Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Larry E Lichte · 4 yrs held
Larry E Lichte
since 2021
5 recorded transactions
2021
Price N/A
2019
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DC WP-17 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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