Technical
Financial
Distress signals
Property profile

3313 University Ave Madison, WI 53705

OFF-MARKET
Grocery and convenience stores
Property ID
US92-1184804
11,225 SF 2.61 ac lot Built 1949
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 3313 University Avenue in Madison, Wisconsin, presents a unique investment opportunity. The 36,623 square foot building, constructed in 1949 and renovated in 1995, is currently configured as a single-tenant retail space with a special purpose designation as an ATM/ITM drive-thru facility for a financial institution. While the building's interior is not available, this offering focuses on the highly desirable drive-thru component. Currently, 2,500 square feet are vacant, representing a significant opportunity for a financial institution seeking a prominent location. The property boasts a prime position on University Avenue, a major thoroughfare connecting Madison's west side to the downtown area and the University of Wisconsin-Madison campus. Its proximity to UW Hospital further enhances its appeal. The single-story building features electric power and benefits from a prominent location on the former Whole Foods site, including two-thirds ownership of the pylon sign. The property is zoned commercial and is situated near the intersection of University Avenue and Hill Street, in zip code 53705. This is a rare chance to secure a high-visibility drive-thru location without the overhead of extensive interior space, ideal for a financial institution seeking to serve customers efficiently and cost-effectively. No parking spaces are included with this offering.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1949
Total area 11,225 SF
Lot 2.61 ac (113,474 SF)
Zoning code CC-T
APN 0709-201-0102-2
UPID US92-1184804

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Cafe & Coffee Shop
  • Restaurant
  • Restaurant
  • Bakery Specialty Food Shop

Location

3313 University Ave Madison, WI 53705-2136
Madison metro Census 800 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.47M
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$3.12M

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2021
Price N/A

Zoning & alternative use

CC-T · Madison, WI
Zoning description

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…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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