Madison, WI 53704,1617 N Stoughton Road
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Madison, WI 53704,1617 N Stoughton Road
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Listed by Plato Commercial Real Estate, LLC
$ 2,300,000
Est. payment /mo
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1617 N Stoughton Road Madison, WI 53704

14,577 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Retail,Office,Restaurant/Supper Club,Tavern

Listing Status Active

Purchase Type For Sale

Square Footage 14,577 sqft

Price per Sqft $157

MLS Listing ID 2001737

Year Built 1947

Annual Tax Amount $20,280

Tax Year 2024

Lot Size 1.500 Acres

Acres 1.5

Property Sub-Type Retail,Office,Restaurant/Supper Club,Tavern

Property Description

8%+ Cap Rate. Great investment opportunity to purchase a commercial property on Madison's east side. 1617 N. Stoughton Rd. is leased to two credible tenants (a well-established, longtime Madison-area restaurant, and a national medical center). Long term for a future development, the current CC-T zoning offers one of the best and diverse zoning categories that Madison has to offer. This is a very unique investment with long term redevelopment possibilities.

Location

State WI

County Dane

Area Madison - C E08

Zoning CC-T

Direction Just north of Hwy 151 and Hwy 51 (E. Washington and N. Stoughton Rd) intersection. Just south of Anderson St.

Rooms

Basement Partial

Interior

Heating Forced air, Central air, Other

Cooling Forced air, Central air, Other

Exterior

Parking Features 36-55 spaces

Roof Type Other

Building

Story 1

Water Municipal water

Structure Type Other

Others

SqFt Source Assessor

Energy Description Natural gas


South Central Wisconsin MLS (SCWMLS)
agent

Clint Otto

Broker Associate | License ID: 5877590

+1(608) 393-4658

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1617 N Stoughton Road