Property profile

7102 Mineral Point Rd Madison, WI 53717

FOR SALE
Medical Office Space
Property ID
US92-1261348
5,829 SF 2 ac lot Built 1980
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Laboratory
  • Physician
  • Physician
  • Pediatrician Physician

Location

7102 Mineral Point Rd Madison, WI 53717
Madison metro Census 204 MADISON, WI METROPOLITAN STATISTICAL AREA
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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

Zoning & alternative use

SE · Madison, WI
Zoning description

iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment…

General category INDUSTRIAL
Top alternative use upside
Restaurant $1.1M +93.7%
Auto repair, garage $925,000 +67.3%
Commercial (general) $900,000 +63.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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