4111 East Towne Boulevard, Madison, WI 53704
4111 East Towne Boulevard, Madison, WI 53704
4111 East Towne Boulevard, Madison, WI 53704
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Listed by Acres Realty
$2,200,000
Est. payment /mo
15,000 SqFt
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Key Details

Property Type Commercial

Sub Type Office,Day care

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $146

MLS Listing ID 2017189

Year Built 1990

Tax Year 2025

Lot Size 1.960 Acres

Acres 1.96

Property Sub-Type Office,Day care

Property Description

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.

Location

State WI

County Dane

Area Madison - C E08

Zoning CC

Direction From E Wash, turn on Eagan Rd, then first right. Turn left onto driveway from East Towne Blvd.

Rooms

Basement Full

Interior

Heating Forced air, Central air

Cooling Forced air, Central air

Exterior

Parking Features 56 or more spaces, Onsite, Paved

Roof Type Composition

Building

Story 1

Water Municipal water, Municipal sewer

Structure Type Vinyl

Others

SqFt Source Other

Energy Description Natural gas


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South Central Wisconsin MLS (SCWMLS)

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Angela Ketelsen

Angela Ketelsen

+1(815) 980-0144

Agent License ID: 475192585

Agent License ID: 475192585

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4111 East Towne Boulevard