1401-1413 Northern Court Madison, WI $ 2,999,000
1401-1413 Northern Court
$ 2,999,000
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1401-1413 Northern Court

Madison, WI, 53704
$ 2,999,000
Baths0.0 Sq 12,326

Monthly Estimate*

$ 20,949

Listed by ALTUS Commercial Real Estate, Inc.
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Studio

Commercial Property for sale in Madison, WI

for $2,999,000. This 12,326 square foot building was built in 1951.

List Price Includes 1401-1413 Northern Ct. and 125 S Dickinson: Introducing a prime investment opportunity! This 12,326 SF retail building, comprised of 3 units, offers an enticing prospect for retail/street retail investors. Built in 1951 and completely renovated in 2016-2017 including new roof, drive accesses, parking, mechanicals, and interior buildouts for the three current tenants: Stateline Distillery (6,500 SF) Imaginary Factory (2,376 SF) and Creative Energy Designs (3,450 SF). This property boasts 100% occupancy, making it an attractive choice for those looking to expand their portfolio. With a TE zoning in the thriving Madison area, this property presents an ideal proposition for those seeking a well-located and fully occupied retail investment.

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Commercial Active

Price

$ 2,999,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 20,007

Style

Retail,Office,Manufacturing,Warehouse,Industrial

Year Built

1951

Town/City

Madison

County/Region

Dane

MLS | Web ID

1976145

Features
General
Lease Type Triple net
Features Alley Overhead doors
Roof All flat
Zoning TE
Occupancy Tenant(s)
Tenant Pays Taxes Heat Air Conditioning Electric Water Insurance Janitorial Snow removal
County Dane
Class Business/Comm
Present Use Retail Office Manufacturing Warehouse
Net Income 194657
Location Business district Residential area Corner Near public transportatn
Tax Year 2023
Gross Income 222013
Fuel Natural gas
Status Active
Year Built 1951
Directions Williamson or East Washington to S Dickinson to Northern Court
City Madison
Street Name Northern
DOM 15
Price Per Sq Ft 243.31
Open House Date No
County Qtr Section East Metro Madison
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Interior
Basement Other foundation
Total Number of Units 3
Heating/Cooling Forced air
Stories 1
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Exterior
Exterior Brick
Lot Size Area 0.34
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* Excluded Features
List By
Altus Commercial Real Estate, Inc.

Broker

(608) 214-6742

Phone

mitch.marty@altuscre.com

Email

Affordability Calculator

$22,616
Per Month
93%
7%
0%
Monthly Principal & Interest
$20,949
Monthly Property Taxes
$1,667
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1568291 Elementary School
1568554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2024$2,999,000 Listed Price

Map


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1401-1413 Northern Court, Madison, WI, 53704 is a Commercial Property for sale at $2,999,000 with 12,326 sqft. 1401-1413 Northern Court is a studio with 0.0 baths and was built in 1951. The property's zip code is 53704 which is in Madison, WI