Property summary
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
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Law Firm Security Service
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Interior Design Home Decor Store
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Construction Company General Contractor
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Derived from the Madison market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
DC WP-17 · Madison, WIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DC WP-17 in Madison, WI.
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