INVESTMENT PROPERTY | Madison, WI

Property is located on the hard corner of Sherman Terrace and Sherman Avenue. It offers great visibility and is centrally located between downtown Madison and lovely Maple Bluff! Escape the hectic pace of Hwy 151 benefiting from its 45,000 VPD and over 24,000 VPD on E Johnson. Enjoy eclectic bars-restaurants such as Lola's Hi-Low Lounge or Bear & Bottle balanced with nature's beauty at the Tenny Park Rink and Burrows Park. This property offers an ideal opportunity to own-occupy an investment property (building) geared toward destination retail, office space and fast casual offerings or a full-service restaurant. Utilities are separated except for water and there's a walk-in cooler. There are 15 parking stalls at the property with the ability to add more at the rear of the property. See attached summary and respective condo documents. Be a part of history as this property was once one of Oscar Rennebohm's drugstores! His success in 1925 led to 30 locations and he was even elected governor of Wisconsin in 1948. The Rennebohm chain dominated the market until it was sold to Walgreens in 1980. Take your success to a new level! Property offers significant upside with development opportunity. Ownership will share the renderings and development information for an additional fee. Property will be vacant upon sale.

Financial Information

Real Estate Taxes:$13

Tax Year:2023

Building Details

Building Type:Strip Center

Building Status:Existing

Year Built:1949

Year Renovated:1985

Current Use:Retail-Office

Number of Floors:1

Number of Offices:2

Number of Restrooms:2

Zoning:TR2

Outside Parking:Yes

Outside Parking per 1,000 sf:5

Municipal Sewer:Yes

Municipal Water:Yes

Hwy Exposure:Yes

Cable:Yes

Bus Line:Yes

Building Amenities

Break Room:Yes

Lounge:Yes

Cafeteria:Yes

Conference Room:Yes

Reception Area:Yes

Shower:Yes

Contact Listing Agent

Heather Ewing, CCIM

608-239-4781
608-239-4781

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