3313 University Ave Madison, WI 53705-2136
Property Lookup
Property profile & analytics
3313 University Ave Madison, WI 53705-2136
- Grocery and convenience stores
- 11,225 SF
- 2.61 lot acres
Property ID
US92-1184804
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 3313 University Ave
- Year built
- 1949
- Lot size
- 2.61 lot acres
- Property size
- 11,225 SF
- Zone code
- CC-T
- Property type
- Grocery and convenience stores
- APN
- 0709-201-0102-2
- APU
- 70920101022
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,675,000
- 6.5%
- $2,470,000
- 7%
- $2,295,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,786,000
Market price range: $552k - $2.79M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,940,000 Current use
- RESTAURANT
- $3,740,000 Change: -5% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,300,000 Change: -16% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,165,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4442
- Latitude
- 43.0746
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$79,038
$2,760,000
$1,765,600
$4,525,600
-
$0.00
$0.00
$0.00
