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About the Listing 2877 - 12224
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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Commercial Sale
MLS ®
2017189
Year Built
1990
Total Square Footage
15,000
Lot/Acreage
1.96
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central air
- Heating: Forced air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 15000
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Zoning: CC
- Roof: Composition
- Others: Vinyl
- Sewer: Municipal water, Municipal sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 0810-284-0918-5
- Tax Year: 2025
Payment Calculator
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Questions About..
4111 East Towne Boulevard Madison, WI 53704
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