For Sale
$1,180,000

1 Sherman Ter Madison, WI 53704

Prime Madison location, high visibility, 3,659 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use investment property, located at 1 Sherman Terrace in Madison, Wisconsin, presents a unique opportunity. Boasting 3,659 square feet, this property is situated on a highly visible corner lot at the intersection of Sherman Terrace and Sherman Avenue, benefiting from significant traffic volume on nearby Hwy 151 (45,000 VPD) and E Johnson (over 24,000 VPD). The building, constructed in 1949 and renovated in 1985, is zoned TR2 and features a restaurant subtype within a mixed-use, office, and retail designation. Its central location between downtown Madison and Maple Bluff offers easy access to a vibrant community with diverse amenities, including nearby parks like Tenny Park and Burrows Park, and popular establishments such as Lola’s Hi-Low Lounge and Bear & Bottle. This property holds historical significance as a former Oscar Rennebohm drugstore, a testament to its enduring appeal and prime location. Offered at $1,180,000, the property is sold "as is," presenting significant upside potential for development. Renderings and additional information are available upon request. The property's APN is 251/0709-124-1301-3. This is an ideal opportunity for owner-occupancy or investment in destination retail, office space, or fast-casual dining.

Highlights

  • Exceptional mixed-use investment property in Madison, WI, totaling 3,659 square feet.
  • High-visibility corner lot at Sherman Terrace & Sherman Ave, near Hwy 151 (45,000 VPD) and E Johnson St (24,000+ VPD).
  • TR2 zoning allows for mixed-use, office, retail, and restaurant uses. Built in 1949, renovated in 1985.
  • Prime location between downtown Madison and Maple Bluff, near parks and popular establishments.
  • Offered at $1,180,000, AS IS, with significant upside potential. APN: 251/0709-124-1301-3.

Property Details for 1 Sherman Ter

Property type
Retail properties, Restaurants
Square Feet
3,659 SF
Year Built/Renovated
1949/1985

Location Insight

City
Madison
County
Dane
State
Wisconsin
Latitude
43.096975
Longitude
-89.3679699

FAQs

What type of property is this?
Retail property - Prime Madison location, high visibility, 3,659 sq ft.
Where is the retail property located?
The property is located at 1 Sherman Ter Madison, WI.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Exceptional mixed-use investment property in Madison, WI, totaling 3,659 square feet.; High-visibility corner lot at Sherman Terrace & Sherman Ave, near Hwy 151 (45,000 VPD) and E Johnson St (24,000+ VPD).; TR2 zoning allows for mixed-use, office, retail, and restaurant uses. Built in 1949, renovated in 1985.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1 Sherman Ter
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message