312 3rd St Madison, WI 53704-4744
This exceptional Dane County office property at 312 N. 3rd Street offers two available suites, perfect for creative businesses or startups. The building boasts a total of 2,096 square feet, with flexible space options ranging from a minimum of 851 square feet to a maximum contiguous space of 1,245 square feet. Currently, the entire 2,096 square feet is vacant, presenting a unique opportunity for a single tenant or the potential for multiple occupants. The location is highly desirable, situated just blocks from the planned Madison Public Market and within minutes of the vibrant restaurants and amenities of Williamson Street and the Atwood neighborhood. A significant advantage is the inclusion of free off-street parking, a rare find in this sought-after area. The open-concept design is ideal for fostering collaboration and creativity, making it an attractive option for a variety of businesses, including but not limited to, yoga studios, fitness centers, or photography studios. The property's flexible layout allows for customization to suit individual business needs. This is a truly exceptional opportunity to secure a prime location in a thriving Madison neighborhood.
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TR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Ce…
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
NMX · Madison, WITR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts
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.