1026 Sherman AveMadison, WI 53704

Property Details for 1026 Sherman Ave

Year built

1969

Lot size

0.31 AC

Property size (Sq ft)

1,512 SF

Zone code

CC-T

Property type

Retail properties

Property subtype

Turn key restaurants

APN

0709-011-1205-6

APU

70901112056

Description

This exceptional commercial property at 1026 N Sherman Avenue in Madison, Wisconsin, presents a unique investment opportunity. The 1,512 square foot building sits on a 0.31-acre lot and is currently home to Caf La Bellitalia, a well-established Italian restaurant with an 18-year history in the community. The restaurant is known for its authentic Italian cuisine and experienced chefs, boasting over 35 years of combined culinary expertise from Italy. Its prime location on Sherman Avenue offers easy access to downtown Madison, Maple Bluff, nearby golf courses, and other key amenities, ensuring high visibility and convenient access for patrons. The property's strong reputation and loyal customer base provide a solid foundation for continued success. This presents a rare chance to acquire a turn-key operation with significant growth potential, allowing a new owner to build upon the existing legacy while implementing their own vision and strategies. The asking price for this exceptional property is $650,000. The building's size and location make it suitable for a variety of commercial uses, beyond its current operation as a restaurant. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $401,324

  6.5%

  $370,453

  7%

  $343,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $386,828

  Geo Method

  $496,284

• Alternative Use

  Use

  Valuation

  Residential

  $312,491

  Hospitality

  $286,240

  Educational

  $238,148

  Medical

  $246,339

  Retail

  $370,453

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.1114

Longitude

-89.3643

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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