1121 Park StMadison, WI 53715

Property Details for 1121 Park St

Year built

2020

Lot size

0.64 AC

Property size (Sq ft)

61,815 SF

Zone code

TSS

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

0709-262-0618-1

APU

70926206181

Description

The Emerson at Bay Creek offers exceptional retail space in Madison, Wisconsin. This vibrant storefront, part of a new mixed-use development, boasts 2,500 square feet of immediately available space, divisible to 1,250 square feet, perfect for a variety of businesses. Located at 1121 S Park St, 53715, this property benefits from high visibility and accessibility, situated near UW Health and the Isthmus. The building, constructed in 2021, features modern design elements including floor-to-ceiling windows and impressive 14-foot high ceilings, providing ample natural light and a spacious feel. An attractive tenant improvement allowance of $30 per square foot is available to customize the space to your specific needs. An endcap unit is particularly well-suited for a café or restaurant, with the added benefit of a desirable outdoor patio area. On-site parking is reserved for commercial tenants, ensuring convenient access for customers and employees. The property's prime location on S Park St enjoys high traffic counts, averaging 26,050 vehicles daily, providing excellent exposure for your business. The zoning is TSS, and Dane County taxes and CAM charges are $6.50 per square foot. This is a rare opportunity to establish your business in a thriving Madison neighborhood within a modern, well-maintained building. Don't miss this chance to secure your ideal retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $13,840,176

  6.5%

  $12,775,547

  7%

  $11,863,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,727,266

  Geo Method

  $12,479,676

• Alternative Use

  Use

  Valuation

  Residential

  $12,775,547

  Hospitality

  $11,702,332

  Educational

  $9,736,203

  Medical

  $10,071,046

  Retail

  $15,145,205

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0547

Longitude

-89.3966

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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