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    FOR SALE
    Medical Office Space

    7102 Mineral Point Rd, Madison, WI 53717

    5,829 SF 2 ac lot Built 1980
    Entity Owned Free & Clear
    Property ID
    US92-1261348
    Property summary
    AI-generated overview

    This exceptional 31,811 square foot medical office building, situated on two acres along a major Madison commercial corridor, presents a compelling investment opportunity. Built in 1979 and renovated in 1992, the two-story building currently operates as a medical clinic, offering strong potential for continued healthcare use or adaptive reuse. The property boasts 112 parking spaces, providing ample convenience for patients and staff. Its prominent location offers nearly 250 feet of high-visibility street frontage, ensuring excellent exposure and accessibility. The SE (Suburban Employment) zoning allows for flexibility in future development or redevelopment plans. The property's supportive soils and multiple access points from a public street further enhance its appeal. With a total asking price of $4,500,000, this represents a compelling price per square foot of $141.46. The building's existing infrastructure and prime location make it an ideal candidate for a variety of uses, including retail, office, or mixed-use development. This is a rare opportunity to acquire a substantial property in a thriving Madison commercial area. The property's existing configuration as a medical clinic, combined with its versatile zoning and ample parking, makes it an attractive option for both healthcare providers and other businesses seeking a high-profile location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL CLINIC
    Year built 1980
    Total area 5,829 SF
    Lot 2 ac (87,120 SF)
    Zoning code SE
    APN 0708-234-1001-7
    UPID US92-1261348
    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
    • UW Health West Towne Clinic Medical Clinic
    • UW Health West Towne Clinic Laboratory Medical Laboratory
    • Hajnal K. Kinda, MD Physician
    • Ann M. Schmidt, MD Physician
    • Paula A. Rogge, MD Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $615k
    CAP Approach CAP
    $1.28M
    Comparable Approach Comparable
    $895k
    Blend (final) Blend
    $930k
    Owner & transaction history
    U W MEDICAL FNDTN INC
    U W MEDICAL FNDTN INC
    Zoning & alternative use
    SE · Madison, WI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.1M +93.7%
    Auto repair, garage $925,000 +67.3%
    Commercial (general) $900,000 +63.1%
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    More about this property
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