115-131 W Washington Avenue Active Save Request In-Person Tour Request Virtual Tour
Madison,WI 53703
Key Details
Property Type Commercial, Condo
Sub Type Retail,Office,Commercial Condo
Listing Status Active
Purchase Type For Sale
Square Footage 7,920 sqft
Price per Sqft $290
MLS Listing ID 1976687
Year Built 2004
Annual Tax Amount $33,733
Tax Year 2023
Property Description
Discover an exceptional commercial investment in Downtown Madison's historic Loraine Building. This prime ground-floor opportunity features 7,557 sq. ft. divided into 3 units, positioned just steps from the Capitol Square. Built in 1924 with thoughtful updates completed in 2004, the space currently generates reliable income from a diverse tenant mix including financial services, a business hub, café, law office, and barbershop. Located in Madison's Business Improvement District, this prominent storefront benefits from steady pedestrian traffic and visibility. The property's versatile office/retail configuration, coupled with its prestigious address in this landmark building, presents an attractive investment in one of Madison's most sought-after commercial corridors.
Location
State WI
County Dane
Area Madison - C W01
Zoning DC
Direction On the corner of W. Washington Ave and S. Fairchild St.
Interior
Heating Forced air,Central air,Wall furnace
Cooling Forced air,Central air,Wall furnace
Exterior
Parking Features 6-10 spaces,Offsite,Onsite,Underground,Ramp,Parking fee extra
Roof Type Rubber/membrane
Building
Story 1
Water Municipal water,Municipal sewer
Structure Type Brick,Stucco,Stone
Others
SqFt Source Assessor
Energy Description Natural gas