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Property summary
The property is a mixed-use commercial building configured with dedicated retail and office space, totaling 4,905 square feet, including 3,525 square feet for retail use and 1,380 square feet for office use. It includes an installed cooler. The building has frontage on Park Street and Drake Street, and is positioned in a downtown setting with signage potential along the street frontages. The exterior is planned for replacement on the Park Street and Drake Street frontages, with work intended to be completed in the 2025 summer timeframe. Street parking is available nearby, and the space is suitable for retail, medical, and service business uses.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Florist
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ial - 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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Madison market rent, vacancy and expense benchmarks for this use type.
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
TSS · Madison, WIial - 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ial - 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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TSS in Madison, WI.
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