SQUARE FEET15,000
MLS#2017189
STATUSActive
PROPERTY TYPECommercial - Office
Listing Courtesy of:
Acres Realty
Agency Phone: 608-298-6598
Property Description
True value-add opportunity for an investor or owner occupant! 7.3% CAP on existing rents with 45% vacancy plus a 7,500 sf vacant basement provide considerable upside to a new owner. Recent improvements: Full parking lot replacement in 2023. Basement has been trenched and drain-tiled and is fully dry! Ready for improvements or use for storage space - bathrooms stubbed in. Newly built out offices and updated lighting on the first floor. Second floor is fully improved with new lighting and flooring. Truly turn-key leasable space! Side entrances provide a separate entrance/exit for upstairs tenant(s). 1st floor leased to a non-profit, providing support services to children. Building is currently tax-exempt and sets up well for either a for-profit or another non-profit org upstairs. Don't pass this one by.
Property Features
Property Type: Commercial - Office
Fuel Type: Natural gas
Home Style: Office, Day care
Year Built: 1990
Amenities
Vinyl
Feature Descriptions
Annual Rent (Per Sqft): $20.65
Annual Unit Rent (Per Sqft): $23.19(Unit 1)
Ceiling Height (Feet): 8(MIN), 8(MAX)
Days on Site: 6
Exterior: Vinyl
Gross SQFT: 8310(Unit 1), 6690(Unit 2), 7500(Unit 3)
Heating/Cooling: Forced air, Central air
Location: Business district
Present Use: Office, Day care
Rental Term: Per SQFT - Annual
Total Units (Building): 3
Water/Waste: Municipal water, Municipal sewer
Listed By / Shown By
Listed By
Agency Name: Acres Realty
Agency Phone: 608-298-6598
Shown By
Agency Title: Stark Company Realtors
Agency Phone: 608-256-9011
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4111 East Towne Boulevard | MLS# 2017189
This commercial property located at 4111 East Towne Boulevard, Madison, WI 53704 is currently listed for sale with an asking price of $2,200,000. Search Madison real estate on www.starkhomes.com today.