4111 East Towne Boulevard

Madison, WI 53704
Square Ft.
15,000
$2,200,000
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 forRead MoreRead Less
Presented by: Acres Realty 608-298-6598
Listing Snapshot
Days Online
30
Last Updated
Property Type
Business/Comm
Square Ft.
15,000
Year Built
1990
MLS Number
2017189
30 Days Snapshot Of 53704
$455k
+25%
(avg) sold price
31
+34%
homes sold
18
-60%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Estimated age: 1990, 1 story, 15,000 square feet, 22,500 leasable square feet, Unit 1 is 8,310 gross square feet, Unit 2 is 6,690 gross square feet, Unit 3 is 7,500 gross square feet, Approximate building dimensions: 107x70
Exterior Features
Vinyl
Water Features
Municipal sewer, Municipal water
Heating
Natural gas
Heating & Cooling
Central air, Forced air
Interior Features
Minimum ceiling height: 8, Maximum ceiling height: 8
Miscellaneous
$21 annual rent per square foot, Gross operating income: $176,762, Annual operating expense: $16,048, Net operating income: $160,714, Unit 1 base annual rent: $192,671, $23 unit 1 annual rent per square foot, Private Restrooms, Security system
Parking
Onsite parking: Yes - 60, Parking fees per month: $0, 56 or more spaces, Onsite, Paved
Property
Zoning: CC
Roof
Composition
Taxes
Tax year: 2025, Net taxes: $0
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