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Mixed-Use Building Near UW Madison - For Sale 2 S Mills St

7,264 SF 100% Leased Retail Building Madison, WI 53715 For Sale

Investment Highlights

  • Located Between Downtown & UW Madison
  • Walking Distance To UW Madison
  • Busy Corner Lot High Visibility
  • 4 Blocks From Camp Randall Football Stadium
  • First Floor Restaurant & 2 Apartment Units Above
  • Great Site For Student Housing Redevelopment!

Executive Summary

Mixed-use building for sale located between downtown Madison and UW Campus right on the corner of Regent St. & S. Mills St. There is a 2,464 sq.ft restaurant space on the first floor which holds a liquor license for a 880 person outdoor beer garden license during UW football games. Full commercial kitchen with a 20ft hood, front bar with beer tap system, dining area and walk-in coolers. In addition there are 11 parking spaces onsite plus a detached 3 car garage. On the second floor there is a 2 bedroom apartment with 1 full bath and a 3 bedroom apartment with 1 full bath. The entire property is owner occupied so there is some flexibility with occupancy. There also is potential for redevelopment of an 8 story hotel or to assemble the adjacent lots separately for a larger student housing redevelopment project (Subject to city approval)

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,264 SF
Year Built
1923
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Land Acres
0.24 AC
Zoning
TSS - TSS - Traditional Shopping Street District.
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Capriotti's
Starbucks
Peet's Coffee and Tea
Anytime Fitness
Caribou Coffee
CrossFit
Milio's Sandwiches
Buffalo Wild Wings
U.S. Bank
freshii

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0709-224-0101-6
Land Assessment
$336,700
Improvements Assessment
$843,300
Total Assessment
$1,180,000
  • Listing ID: 33593844

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 2 S Mills St, Madison, WI 53715

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