2 Mills StMadison, WI 53715

Property Details for 2 Mills St

Year built

1923

Lot size

0.24 AC

Property size (Sq ft)

7,264 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional mixed-use building, totaling 7,264 square feet, presents a unique investment opportunity in Madison, Wisconsin. Situated on a 0.244-acre lot at the corner of Regent Street and South Mills Street, between downtown Madison and the University of Wisconsin campus, this property offers a blend of commercial and residential income streams. The ground floor features a 2,464-square-foot restaurant space complete with a full commercial kitchen (including a 20-foot hood), a front bar with a beer tap system, a dining area, walk-in coolers, and a liquor license allowing for an 880-person outdoor beer garden during UW football games. Eleven on-site parking spaces and a detached three-car garage provide ample parking. The second floor comprises two residential apartments: a two-bedroom, one-bathroom unit and a three-bedroom, one-bathroom unit. Currently owner-occupied, this offers flexibility for future tenants. Built in 1923, the two-story building sits on a lot zoned TSS, presenting redevelopment potential. The property's prime location and existing infrastructure make it ideal for continued operation as a mixed-use property or for redevelopment into an eight-story hotel or a larger student housing complex (subject to city approvals). The net rentable square footage is 4,864 square feet, spread across one building with three units.

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0677

Longitude

-89.4043

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