1528 Madison Ave Memphis, TN 38104
For Lease
This exceptional 4,510 square foot commercial property at 1528 Madison Ave offers two available suites, each measuring approximately 2,255 square feet. Located in a vibrant area across from Minglewood Hall, near residential neighborhoods, and conveniently close to Midtown and Cooper-Young, this property boasts prime visibility and accessibility. The single-story, 1940-built brick building sits on a 0.28-acre lot (12,228 sq ft) and features ample parking with 10 spaces available, including off-street parking in the rear and convenient on-street parking. The property is zoned commercial and is serviced by electric power. No elevators are present. The building is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for two separate tenants to lease individual suites. Each suite is available for $2,500 per month, with a discounted rate available for leasing both suites simultaneously. Property taxes are $1.02 per square foot. The cross street is N. Willett St. This property is ideal for businesses seeking a high-profile location with excellent accessibility and ample parking. The flexible layout allows for various business configurations, making it a versatile option for a range of commercial uses.
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
CMU-3 · Memphis, TNMemphis. 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.