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Property profile & analytics
OFF-MARKET Estimated value $3,115,000
Grocery and convenience stores

3313 University Ave Madison, WI 53705-2136

11,225 SF 2.61 ac lot Built 1949
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-1184804
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fresh Mart Grocery & Convenience Store Food Market
  • Fresh Bite cafe Cafe & Coffee Shop
  • Hotco Noodles( In Fresh Mart) Restaurant
  • Kikka Sushi Restaurant
  • Whole Foods Bakery Bakery Specialty Food Shop
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
University Plaza LLC · 2 yrs held
University Plaza LLC
since 2023
2 recorded transactions
2023
Price N/A
2021
Price N/A
Zoning & alternative use
CC-T · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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