For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Medical Laboratory
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Physician
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Physician
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Pediatrician Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
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
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SE · Madison, WIiny 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SE in Madison, WI.
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