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This exceptional 10,500 square foot commercial property at 2320 Jackson Street, Stoughton, WI 53589, presents a unique investment opportunity. Comprising seven individual condos combined into a single unit, this property offers significant flexibility for various business uses, including restaurant, executive office, or flex space. Located at a signalized intersection of Highway 51 and Jackson Street, it benefits from high visibility and convenient access to Stoughton's vibrant commercial district. The property's prime location offers easy connectivity to I-90/I-94, downtown Madison, Sun Prairie, and other Dane County areas. Nearby amenities include hotels, restaurants, shopping centers, and schools. Built in 2003, this single-story building features 8-foot ceilings, 30 parking spaces, and is zoned G2 and CO. The asking price is $995,000, representing a price per square foot of $94.76 and a price per unit of $142,142.86. Currently vacant, the property offers a pro-forma NOI of $120,000 and a pro-forma cap rate of 12.06%. The property's APN numbers are 0511-063-2823-2, 0511-063-2825-2, 0511-063-2827-2, 0511-063-2829-2, 0511-063-2831-2, 0511-063-2833-2, and 0511-063-2835-2. The lease type is NNN, with a potential lease term of two years commencing February 29, 2024, and expiring February 27, 2026. This presents a compelling value-add investment opportunity with strong potential for rental income generation. The property is currently 14.2% occupied, with an occupancy date of July 31, 2024.
Highlights
10,500 SF commercial property at 2320 Jackson Street, Stoughton, WI 53589.
Seven combined condo units offering flexible use (restaurant, office, flex).
High-visibility location at a signalized intersection of Highway 51 and Jackson Street, with easy access to I-90/I-94 and downtown Madison.
Single-story building (2003), 8' ceilings, 30 parking spaces, G2 and CO zoning.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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