2 South Mills Street

Madison, WI 53715

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Description

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, dinning 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...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, dinning 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 re
  1. Listed by Jim Stopple • Madison Property Management, Inc.
  2. Listed by Tony Xiong • Madison Property Management, Inc.

Property Details for 2 South Mills Street

Zoning
TSS
LISTING UPDATED: 10/22/2024 01:42 PM

Property Details for 2 South Mills Street

StatusActive
MLS #1988201
Days on Market67
Taxes$21,480 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeBusiness/Comm / Apartment building
Year Built1923
Lot Size0.24 AC / 10,628 SF
CountyDane County

Building Information for 2 South Mills Street

Stories-Residences-Year Built1923Lot Size0.24 AC / 10,628 SF

Property Information for 2 South Mills Street

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: West Metro Madison
  • Directions: Corner of Regent St. & S. Mills St.
  • Location: Free standing, Corner
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53715
Taxes and HOA Information
  • Net Taxes: $21,480.00
  • Parcel ID: 0709-224-0101-6
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Business/Comm
  • Improvements: 961300
  • Land Assess: $336,700.00
  • Total Assess: $1,298,000.00
  • Total Assess Year: 2024
  • Type: Apartment building
  • Year Built: 1923
Lot Information
  • Estimated Total Acres: 0.244
  • 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
Interior Features
  • Basement: Full
  • Heating/Cooling: Central air
Multi Family
Income & Expenses Information
  • Net Operating Income: $0

Property History for 2 South Mills Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2 South Mills Street

Taxable ValueLand$336,700Additions$843,300Total$1,180,000
Tax Record2022$21,118 ($1,760 / month)
Home Facts
Total Finished SqFt2,240 SqFtAbove Grade Finished SqFt2,240 SqFtStories2Lot Size10,672 SqFtStyleOffice BuildingYear Built1923ZoningTSSCountyDANEAPN0709-224-0101-6

Schools near 2 South Mills Street

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 2 South Mills Street, Madison, WI 53715

2 South Mills Street is for sale in Madison, WI 53715. This property was listed for sale on October 21, 2024 by Madison Property Management, Inc.. This listing's school district is Madison Metropolitan School District. Nearby schools include Franklin Elementary School, Hamilton Middle School and West High School. 2 South Mills Street is a 0-bed, 0-bath, built in 1923.

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 Madison Property Management, Inc.

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 10/22/2024 01:42 PM 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