115 Main StMadison, WI 53703

For Sale
$1,850,000

Prime Retail & Apartment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property at 115 E Main St, Madison, WI 53703, presents a rare investment opportunity in the heart of downtown. The building, encompassing 3,761 square feet across two stories, is situated on a 0.05-acre lot and zoned DC. The ground floor currently operates as a fully furnished restaurant, boasting indoor seating for approximately 80 patrons and outdoor seating for about 150. Convenient access to both King Street and Main Street enhances its visibility and accessibility. Ample parking options are available, including a parking ramp directly across the street, metered parking on both sides of the building, and a public lot just a block away. The upper level features a brand-new, 1,470 square foot luxury apartment, offering versatile space ideal for office use, additional residential units, or retail expansion. The asking price is $1,850,000, translating to $491.89 per square foot. The property's prime location, just off the Capital Square, combined with its diverse income streams and flexible space, makes it an attractive investment prospect. The land itself covers 2,178 square feet. This is a unique chance to acquire a thriving downtown Madison establishment with significant upside potential.

Highlights

  • Prime downtown Madison location at 115 E Main St.
  • 3,761 square foot mixed-use building on a 0.05-acre lot (2,178 SF), zoned DC.
  • Ground floor: Established restaurant with 80 indoor and 150 outdoor seats.
  • Upper level: 1,470 SF new luxury apartment, adaptable for various uses.
  • $1,850,000 asking price ($491.89/SF).

Property Details for 115 Main St

Property type
Other retail properties, Individual retail properties
Square Feet
3,761 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Madison
County
Dane
State
Wisconsin
Latitude
43.0749747
Longitude
-89.3812941
115 Main St, Madison, Wisconsin

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115 Main St
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