Property summary
This exceptional 16,240 square foot retail property, shadow-anchored by a Menards, presents a unique investment opportunity in Verona, Wisconsin. Currently, 6,301 square feet of space is immediately available for lease within this multi-tenant building located at 416 Commerce Drive, Madison, WI 53719. The building is classified as a Bay Auto Service Center Shadow, offering significant potential for businesses seeking high visibility and convenient access. The minimum leasable space is 6,301 square feet, providing ample room for a variety of automotive-related or complementary businesses. The property's strategic location in Dane County ensures high traffic volume and exposure to a substantial customer base. This is an ideal opportunity for businesses seeking a well-established location with strong anchor tenant support. The property boasts a prime location in a thriving commercial area, offering excellent visibility and accessibility. The available space is ready for immediate occupancy, allowing for a quick start to operations. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a significant retail space in a high-demand location. The property's size and location make it an attractive option for businesses seeking expansion or a new location in a dynamic market.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Parts Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CC · Madison, WITR-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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Madison, WI.
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