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Property profile & analytics
OFF-MARKET
Bars & Pubs

1602 Gilson St Madison, WI 53715-2128

1,800 SF 0.19 ac lot Built 1947
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US92-1088526
Property summary
AI-generated overview

This exceptional 5,300 square foot taproom located at 1602 Gilson Street in Madison, Wisconsin, presents a unique opportunity for an immediate business launch. Situated on a 0.19-acre lot in a rapidly developing neighborhood, this property boasts a fully equipped interior, including a custom-built bar, two ADA-compliant restrooms, and a walk-in cooler. The existing infrastructure also includes ample seating arrangements with built-in racks and tables, complemented by two inviting outdoor seating areas. Convenient street parking is readily available for patrons. The property is offered at $1,275,000. The space is turnkey, allowing a new owner to begin operations swiftly. It's important to note that the tenant is responsible for obtaining all necessary permits and licenses to operate the business. Property taxes are shared proportionally with other tenants in the building, based on square footage. This is a rare chance to acquire a fully functional and well-appointed taproom in a prime Madison location, poised for immediate success. The existing setup minimizes start-up costs and allows for a quick transition into ownership. Don't miss this chance to establish your business in a thriving neighborhood.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1947
Total area 1,800 SF
Lot 0.19 ac (8,340 SF)
Zoning code TE
APN 0709-264-0712-7
UPID US92-1088526
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
  • Funk Factory Geuzeria Production Facility Brewery & Distillery
  • Black Rose Blending Co. Production Facility Brewery & Distillery
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
by Request
Owner & transaction history
Brown Building LLC · 11 yrs held
Brown Building LLC
since 2015
2 recorded transactions
2015
$85,000
1969
Price N/A
Zoning & alternative use
TE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Employment SEC: Suburban Employment Center EC: Employment Campus IL: Industrial - Limited IG: Indust…

Zone name Traditional Employment District
General category INDUSTRIAL
Zone area 327.51 ac
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