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1401-1413 Northern Court

Madison, WI 53704
  • $2,999,000
  • STATUS: Active
  • ON SITE: 155 Days
  • ID#: 1976145
UPDATED: 25 min ago
$2,999,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,326
    SQFT
  • $243
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1951
County:

School Ratings & Info

Listing provided by ALTUS Commercial Real Estate, Inc.: 608-338-1101

Description

List Price Includes 1401-1413 Northern Ct. and 125 S Dickinson: 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.

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© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Klodowski Real Estate. Data last updated: 2024-10-04T06:41:42.783.
www.klodowskirealestate.com/homes/150089686
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1401-1413 Northern Court Madison, WI 53704

  • Price: $2,999,000
  • Status: Active
  • On Site: 155 Days
  • Updated: 25 min ago
  • ID#: 1976145
0
Beds
0
Baths
0
½ Baths
0.34
Acres
12,326
SQFT
$243
$/SQFT
1951
Built
Neighborhood:
Madison - C E01
County:
Dane
Area:
Madison - C E01
Property Description
List Price Includes 1401-1413 Northern Ct. and 125 S Dickinson: 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.
Exterior Features

Building Parking No ParkingOffsite Exterior Brick Location Business districtResidential areaCornerNear public transportatn Roof All flat Type RetailOfficeManufacturingWarehouseIndustrial

Interior Features

Basement Other foundation Ceiling Height Max 18 Ceiling Height Min 9 Commercial Features AlleyOverhead doors Heating Cooling Forced air Unit1 Gross Sq Ft 6500

Property Features

Annual Operating Expenses 27355 Business Sale No City Town Or Village City County Quarter East Metro Madison Documents On File Lease(s) Fuel Natural gas Gross Operating Income 222013 Lease Only No Lease Type Triple net Mailing City Madison Net Operating Income 194657 Net Taxes 20007 Occupancy Tenant(s) Present Use RetailOfficeManufacturingWarehouse Real Estate Sale Yes Sale Includes Lease(s) Source Sq Ft Other Tax Year 2023 Tenant Pays TaxesHeatAir ConditioningElectricWaterInsuranceJanitorialSnow removal Unit1 Annual Rent Per Sq Ft 18.32 Water Waste Municipal water Year Built Source Assessor Zoning TE

Listing information © 2024 South Central Wisconsin MLS.
Listing provided courtesy of ALTUS Commercial Real Estate, Inc.: .



© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Klodowski Real Estate. Data last updated: 2024-10-04T06:41:42.783.
 
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Klodowski Real Estate
N8053 State Road 33, Suite 2
Beaver Dam WI, 53916
Listing provided by ALTUS Commercial Real Estate, Inc.: 608-338-1101