115-131 West Washington Avenue

Madison, WI 53703

$2,300,000
Price
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Beds
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per Sq. Ft.

Description

Discover an exceptional commercial investment in Downtown Madison's historic Loraine Building. This prime ground-floor opportunity features 7,557 sq. ft. divided into 3 units, positioned just steps from the Capitol Square. Built in 1924 with thoughtful updates completed in 2004, the space currently generates reliable income from a diverse tenant mix including financial services, a business hub, café, law office, and barbershop. Located in Madison's Business Improvement District, this prominent storefront...Discover an exceptional commercial investment in Downtown Madison's historic Loraine Building. This prime ground-floor opportunity features 7,557 sq. ft. divided into 3 units, positioned just steps from the Capitol Square. Built in 1924 with thoughtful updates completed in 2004, the space currently generates reliable income from a diverse tenant mix including financial services, a business hub, café, law office, and barbershop. Located in Madison's Business Improvement District, this prominent storefront benefits from steady pedestrian traffic and visibility. The property's versatile office/retail configuration, coupled with its prestigious address in this landmark building, presents an attractive investment in one of Madison's most sought-after commercial corridors.
  1. Listed by Brandon Grosse • Accord Realty • Pref: 608-577-9860

Property Details for 115-131 West Washington Avenue

Zoning
DC
LISTING UPDATED: 11/19/2024 02:47 AM

Property Details for 115-131 West Washington Avenue

StatusActive
MLS #1976687
Days on Market233
Taxes$33,733 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeBusiness/Comm / Commercial Condo
Year Built2004
CountyDane County

Building Information for 115-131 West Washington Avenue

Building/Complex115-131 W Washington AveFloor-Stories-Residences-Pet Policy-Year Built2004

Property Information for 115-131 West Washington Avenue

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: West Metro Madison
  • Directions: On the corner of W. Washington Ave and S. Fairchild St.
  • Location: Business district, Residential area, Corner, Near public transportatn
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53703
Taxes and HOA Information
  • Net Taxes: $33,733.00
  • Parcel ID: 0709-231-5003-4
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Business/Comm
  • Improvements: 1707000
  • Land Assess: $160,000.00
  • Miscellaneous: Internet - Cable, Internet - DSL, Internet -Fiber Available
  • Total Assess: $1,867,000.00
  • Total Assess Year: 2024
  • Type: Commercial Condo
  • Year Built: 2004
Lot Information
  • Estimated Total Acres: 0.0
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Fuel: Natural gas
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Brick, Stucco, Stone
Interior Features
  • Heating/Cooling: Forced air, Central air, Wall furnace
  • Features: Private Restrooms, Shared conference room, Reception area, Security lighting, Private office(s)
Multi Family
Income & Expenses Information
  • Net Operating Income: $163,748

Property History for 115-131 West Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 115-131 West Washington Avenue

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Franklin Elementary School
Public - PK to 2
Hamilton Middle School
Public - 6 to 8
West High School
Public - 9 to 12
Metro School
Public - 4 to 12
Rating
School
Distance
Franklin Elementary School
PublicPK to 2

Hamilton Middle School
Public6 to 8

West High School
Public9 to 12

Metro School
Public4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 115-131 West Washington Avenue, Madison, WI 53703

115-131 West Washington Avenue is a condo for sale in Madison, WI 53703. This property was listed for sale on May 8, 2024 by Accord Realty, it's currently listed at $2,300,000. This listing's school district is Madison Metropolitan School District. Nearby schools include Franklin Elementary School, Hamilton Middle School and West High School. 115-131 West Washington Avenue is a 0-bed, 0-bath, condo built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Accord Realty

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 11/19/2024 02:47 AM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved