7475 Mineral Point RdMadison, WI 53717

Property Details for 7475 Mineral Point Rd

Year built

1984

Lot size

7.32 AC

Property size (Sq ft)

48,303 SF

Zone code

PD

Property type

Community centers

APN

0708-262-0501-9

APU

70826205019

Description

This exceptional 85,172 square foot shopping center presents a compelling value-add investment opportunity. Located at 7475 Mineral Point Road in Madison, Wisconsin, this Class B property boasts a strong tenancy mix including Dollar Tree, Goodwill, and Hy-Vee, ensuring stable rental income. The center is strategically situated on a 7.32-acre lot (APN: 0708-262-0501-9) with high visibility from the heavily trafficked Mineral Point Road, providing convenient access to the West Beltline Highway. Currently operating at 88% occupancy across 29 units, this multi-tenant retail center benefits from its proximity to major retail anchors such as West Towne Mall and West Towne Crossing, further enhancing its appeal and drawing significant foot traffic. The property's zoning is G2 Commercial, built in 1984. The surrounding area demonstrates a robust retail market, complemented by the presence of national retailers like Kohl's, Best Buy, and Dick's Sporting Goods, as well as a local grocer, Metcalfe's Market. With an average household income exceeding $136,101 within a 3-mile radius, this property offers significant potential for growth and return on investment. The asking price for this exceptional retail center is $13,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $12,820,870

  6.5%

  $11,834,649

  7%

  $10,989,317

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,357,763

  Geo Method

  $15,854,494

• Alternative Use

  Use

  Valuation

  Residential

  $9,982,969

  Hospitality

  $9,144,346

  Educational

  $7,607,988

  Medical

  $7,869,639

  Retail

  $11,834,649

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0588

Longitude

-89.5126

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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