1602 Gilson St Madison, WI 53715-2128
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.
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: 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…
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
Property description
Physical attributes from public recordsZoning & alternative use
TE · Madison, WI: 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: Industrial - General Special Districts A: Agricultural UA: Urban Agricultural CN: Conser
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.