7102 Mineral Point RdMadison, WI 53717

Property Details for 7102 Mineral Point Rd

Year built

1980

Lot size

2.00 AC

Property size (Sq ft)

5,829 SF

Zone code

SE

Property type

Healthcare properties

Property subtype

Medical offices

APN

0708-234-1001-7

APU

70823410017

Description

This exceptional 31,811 square foot medical office building, situated on two acres along a major Madison commercial corridor, presents a compelling investment opportunity. Built in 1979 and renovated in 1992, the two-story building currently operates as a medical clinic, offering strong potential for continued healthcare use or adaptive reuse. The property boasts 112 parking spaces, providing ample convenience for patients and staff. Its prominent location offers nearly 250 feet of high-visibility street frontage, ensuring excellent exposure and accessibility. The SE (Suburban Employment) zoning allows for flexibility in future development or redevelopment plans. The property's supportive soils and multiple access points from a public street further enhance its appeal. With a total asking price of $4,500,000, this represents a compelling price per square foot of $141.46. The building's existing infrastructure and prime location make it an ideal candidate for a variety of uses, including retail, office, or mixed-use development. This is a rare opportunity to acquire a substantial property in a thriving Madison commercial area. The property's existing configuration as a medical clinic, combined with its versatile zoning and ample parking, makes it an attractive option for both healthcare providers and other businesses seeking a high-profile location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,052,495

  6.5%

  $971,534

  7%

  $902,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $591,779

  Geo Method

  $759,227

• Alternative Use

  Use

  Valuation

  Residential

  $1,204,702

  Hospitality

  $1,103,501

  Educational

  $918,100

  Medical

  $949,674

  Retail

  $1,428,155

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0614

Longitude

-89.5058

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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