2 Mills StMadison, WI 53715

This exceptional mixed-use property, situated at 2 S Mills Street in Madison, Wisconsin, presents a unique investment opportunity. The building boasts a highly desirable location between the vibrant downtown area and the University of Wisconsin campus, directly on the corner of Regent Street and S. Mills Street. The ground floor encompasses a substantial 2,464 square foot restaurant space, complete with a fully equipped commercial kitchen featuring a 20-foot hood, a front bar equipped with a beer tap system, a dedicated dining area, and ample walk-in cooler storage. This space is further enhanced by a liquor license, allowing for an impressive 880-person outdoor beer garden during University of Wisconsin football games. Convenient on-site parking is provided by 11 spaces, supplemented by a detached three-car garage. The upper floors offer residential income potential with two apartments: a two-bedroom, one-bathroom unit and a three-bedroom, one-bathroom unit. Currently owner-occupied, the property offers flexibility regarding occupancy. The 0.24-acre lot presents significant redevelopment potential, with possibilities including an eight-story hotel or the assembly of adjacent lots for a larger student housing project. The total building size is 7,264 square feet. This property is priced at $0 and is being offered for sale.