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618-622 S Park St

Madison, WI 53715
  • $755,000
  • STATUS: Active
  • ON SITE: 133 Days
  • ID#: 1944130
UPDATED: 40 min ago
$755,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,050
    SQFT
  • $186
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Listing provided by Tri-River Realty: 608-283-9335

Description

Rare opportunity for a Mixed-use building on Park St available for sale. Major remodeling was done to the building in 2013: New electric, new water pipes, new HVAC systems, new windows & doors, new roof, new bathrooms, new flooring & new layout; First floor is office spaces; Owner is currently occupying one of the 5 office spaces; Two 2-bedroom apartment units on the 2nd floor; Each unit is leased out at $1500 rent per month; Partially finished basement for office storage and Coin-operated laundry area. Excellent Location: Near capital & UW Campus; Between St. Mary and Merritt hospitals. Park St by far is the most racially and economically diverse area of Madison.

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© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2023-02-08T17:42:05.113.
www.hometeam4u.com/homes/133436560
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618-622 S Park St Madison, WI 53715

  • Price: $755,000
  • Status: Active
  • On Site: 133 Days
  • Updated: 40 min ago
  • ID#: 1944130
0
Beds
0
Baths
0
½ Baths
0.06
Acres
4,050
SQFT
$186
$/SQFT
1925
Built
Neighborhood:
Madison - C W14
County:
Dane
Area:
Madison - C W14
Property Description
Rare opportunity for a Mixed-use building on Park St available for sale. Major remodeling was done to the building in 2013: New electric, new water pipes, new HVAC systems, new windows & doors, new roof, new bathrooms, new flooring & new layout; First floor is office spaces; Owner is currently occupying one of the 5 office spaces; Two 2-bedroom apartment units on the 2nd floor; Each unit is leased out at $1500 rent per month; Partially finished basement for office storage and Coin-operated laundry area. Excellent Location: Near capital & UW Campus; Between St. Mary and Merritt hospitals. Park St by far is the most racially and economically diverse area of Madison.
Exterior Features

Building Parking 1-5 SpacesOnsitePavedShared Exterior Brick Location Business DistrictFree StandingNear Major HighwayNear Public Transportatn Roof Rubber/Membrane Type RetailOfficeApartment Building

Interior Features

Basement Full Ceiling Height Max 13 Ceiling Height Min 13 Heating Cooling Forced AirCentral Air Unit1 Gross Sq Ft 2025

Property Features

Annual Operating Expenses 12998 Business Sale No City Town Or Village City County Quarter West Metro Madison Documents On File Lease(S)Property Condition Report Fuel Natural Gas Gross Operating Income 68000 Lease Only No Lease Type AnnualRenewal Options Mailing City Madison Net Operating Income 55000 Net Taxes 9588 Occupancy OwnerTenant(S) Present Use OfficeApartment BuildingLiving Quarters Real Estate Sale Yes Sale Includes Lease(S) Source Sq Ft Assessor Tax Year 2021 Tenant Pays HeatElectricWaterSewer Terms Misc Exchange Unit1 Annual Rent Per Sq Ft 999 Water Waste Municipal WaterMunicipal Sewer Year Built Source Assessor Zoning Tss

Listing information © 2023 South Central Wisconsin MLS.
Listing provided courtesy of Tri-River Realty: [IDXCONTACTINFORMATION].



© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2023-02-08T17:42:05.113.
 
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HomeTeam4u | Stark Company Realtors
1625 W Main Street
Sun Prairie WI, 53590
Listing provided by Tri-River Realty: 608-283-9335