Overview

Listing ID:#20174912

Building SF:12,326

Price:$2,999,000

Building PSF:$243.31

Property Type:Retail

Date Available:Now

Northern Court Sale_Brochure 3.pdf

3 Unit Retail Building on Northern Court

Introducing a prime investment opportunity! This 12,326 SF retail building, comprised of 3 units, offers an enticing prospect for retail/street retail investors. Built in 1951 and completely renovated in 2016-2017 including new roof, drive accesses, parking, mechanicals, and interior buildouts for the three current tenants: Stateline Distillery (6,500 SF) Imaginary Factory (2,376 SF) and Creative Energy Designs (3,450 SF). This property boasts 100% occupancy, making it an attractive choice for those looking to expand their portfolio. With a TE zoning in the thriving Madison area, this property presents an ideal proposition for those seeking a well-located and fully occupied retail investment.

Financial Information

Gross Income:$222,013

Total Expenses:$27,355

Net Op. Income:$194,658

Cap Rate:6.50%

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Current Use:Brewery, Cocktail Bar, and Design Business

Number of Units:3

Zoning:TE

Municipal Sewer:Yes

Municipal Water:Yes

Contact Listing Agent

Mitch Marty

608-214-6742
608-214-6742
Email

Jeff Jansen, CCIM

608-444-4111
608-444-4111
Email

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