7401 Mineral Point RdMadison, WI 53717

  • Retail properties
  • 6,090 SF

Property Details for 7401 Mineral Point Rd

Year built
1989
Lot size
7.53 AC
Property size (Sq ft)
6,090 SF
Zone code
RMX
Property type
Retail properties
APN
0708-261-0092-0
APU
70826100920

Description

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Madison, Wisconsin. Situated at 7401 Mineral Point Road, this single-tenant lot boasts unparalleled visibility and accessibility. The property enjoys a prime location directly in front of a newly constructed Crunch Fitness and Spare Time Entertainment center, ensuring high foot traffic and strong brand recognition. Furthermore, its proximity to West Towne Mall, Madison's leading regional shopping center, and over 2 million square feet of additional retail space guarantees significant consumer traffic. The lot is ideal for a variety of commercial developments, benefiting from its excellent frontage on Mineral Point Road. The property is offered as a ground lease, with tenant improvement allowances negotiable as part of the lease rate. Detailed lease terms are available upon request. This is an exceptional chance to secure a highly visible and strategically located commercial property in a thriving Madison retail corridor within Dane County, Wisconsin, zip code 53717. The property's location offers easy access to major transportation routes and a dense population base, making it an attractive proposition for businesses seeking high visibility and strong consumer engagement.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,616,444
    6.5%
    $1,492,102
    7%
    $1,385,524
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,558,056
    Geo Method
    $1,998,921
  • Alternative Use

    Use
    Valuation
    Residential
    $1,258,644
    Hospitality
    $1,152,911
    Educational
    $959,209
    Medical
    $992,197
    Retail
    $1,492,102

Location Insight

City
Madison
County
Dane
State
Wisconsin
Latitude
43.0598
Longitude
-89.5105
CBSA code
31540
CBSA name
MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$93,372
$2,950,000
$4,550,000
$7,500,000
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-
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FAQs

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