115 E Main St Madison, WI 53703
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.
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Geiger Realtors® Real Estate Agency
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Special Investigations & Forensic Technologies, LLC Law Firm Security Service
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McGinnis Design, LLC Interior Design Home Decor Store
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Wi State Council of Carpenters Construction Company General Contractor
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Medina Law Office Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DC WP-17 · Madison, WIMadison. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.