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Property profile & analytics
FOR LEASE
Turn key restaurants

7 W Main St Madison, WI 53703

2,109 SF 0.11 ac lot Built 1914
Entity Owned 7-yr Hold Free & Clear
Property ID
US92-1185173
Property summary
AI-generated overview

This exceptional 8,620-square-foot restaurant and bar opportunity is situated on Madison's vibrant Capital Square, at 7 W Main St, 53703. The property boasts a prime location directly across from the Wisconsin State Capitol building, ensuring high visibility and significant foot traffic throughout the day. Thousands of state employees work within walking distance, creating a robust daytime clientele. The two-story building offers a versatile layout, with the main floor commanding a higher rental rate of $32 per square foot, while the upper level is available at $24 per square foot. The building features a single passenger lift elevator for convenient access to both levels. Evening business is further enhanced by the proximity to numerous downtown residences, major hotels, and the convention center, guaranteeing a steady stream of evening patrons. This unique vintage-styled space presents a rare chance to establish a thriving business in a highly desirable and well-trafficked area of Madison, Wisconsin. The entire 8,620 square feet is currently vacant, providing a blank canvas for a creative and ambitious entrepreneur. The property's location on Capital Square offers unparalleled exposure and accessibility.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1914
Total area 2,109 SF
Lot 0.11 ac (4,984 SF)
Zoning code DC
APN 0709-242-0602-6
UPID US92-1185173
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
  • Representative David Craig State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$614k
Blend (final) Blend
$605k
Owner & transaction history
Seven West Main LLC · 7 yrs held
Seven West Main LLC
since 2019
1 recorded transaction
2019
$3.7M
Zoning & alternative use
DC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $740,000 +5.3%
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More about this property
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