7102 Mineral Point Rd Madison, WI 53717
- Medical offices
- 5,829 SF
- 2.00 lot acres
Current Use by 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
Property Details for 7102 Mineral Point Rd
- Year built
- 1980
- Lot size
- 2.00 lot acres
- Property size
- 5,829 SF
- Zone code
- SE
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 0708-234-1001-7
- APU
- 70823410017
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $615,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,380,000
- 6.5%
- $1,275,000
- 7%
- $1,185,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $894,000
Market price range: $294k - $895k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,070,000
- AUTO REPAIR, GARAGE
- $925,000
- COMMERCIAL (GENERAL)
- $900,000
- RETAIL STORES
- $825,000
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Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.5058
- Latitude
- 43.0614
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
