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115-131 W Washington Avenue, Madison, WI 53703
$2,300,000
115-131 W Washington Avenue, Madison, WI 53703View this property at 115-131 W Washington Avenue, Madison, WI 53703
115-131 W Washington AvenueMadisonWI53703
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Property Description
Explore the potential of a distinguished commercial space in the heart of Downtown Madison. Spanning 7,920 sq. ft. over 3 units on the ground floor of the iconic Loraine Building, this property stands just a block away from the Capitol Square. Originally constructed in 1924 and meticulously renovated in 2004, this offering is a standout for investors specializing in office or retail venues. The space is currently home to a dynamic mix of tenants including a bank, business center, coffee shop, legal firm, and barbershop, providing a diverse income stream. Situated within Madison?s Business Improvement District (BID), this location guarantees high visibility and foot traffic, making it an exceptional opportunity for those looking to invest in a prime office/retail property.
Full Property Details
Full Property Details for 115-131 W Washington Ave
General
- Price: $2,300,000
- Taxes: $33,733 (2023)
- Status: Active
- Type: Retail
- MLS ID: 1976687
- Updated: 5/8/2024
- Added to Site: 22 day(s) ago
Additional Information
- Other Features: High Speed Internet, Restroom(s), Private Restrooms, Shared Conference Room, Reception Area, Security Lighting, Offices
Parking
- Parking Features: 6 to 10 Spaces, Off-Site, On-Site Parking, Underground, Ramp, Parking Fee
Location
- Municipality: Madison
- County: Dane
- Driving Directions: On the corner of W. Washington Ave and S. Fairchild St.
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air, Central Air Conditioning, Wall Furnace
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: High Speed Internet Available
Structural Information
- Roof: Rubber/Membrane
- Square Feet: 7,920
- Square Feet Range: 5001 or More
- Sq. Ft. Source: Assessor/Public Record
- Year Built: 2004
Unit Information
- Units in Building: 3
Lot Features
- Zoning: DC
Financial Considerations
- Tax Amount: $33,733
- Tax Year: 2023
Listed by Accord Realty
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Price & Sales History for 115-131 W Washington Ave
Date
Details
Price
Change
Source
5/08/2024
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 115-131 W Washington Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$17,551
-8%
$980,000
10%
2021
$19,048
-14%
$890,000
—
2021
$22,137
—
$890,000
-10%
2020
$22,137
—
$988,800
—
2019
$22,225
—
$988,800
—
2018
$22,190
-3%
$988,800
—
2017
$22,989
-3%
$988,800
—
2016
$23,623
-1%
$988,800
—
2015
$23,865
—
$988,800
—
2014
$23,955
-2%
$988,800
—
2013
$24,522
—
$988,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115-131 W Washington Ave
115-131 W Washington Avenue, Madison, WI 53703 (MLS# 1976687) is a Retail property. 115-131 W Washington Avenue is currently listed for $2,300,000 and was received on May 08, 2024. Want to learn more about 115-131 W Washington Avenue? Do you have questions about finding other Retail real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.