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

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

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].