221 Madison StEau Claire, WI 54703

Property Details for 221 Madison St

Year built

1999

Lot size

2.30 AC

Property size (Sq ft)

54,420 SF

Zone code

CBDP

Property type

Office buildings

APN

09-0062- -000

APU

90062000

Description

The West Riverside Building, located at 221 W Madison St, Eau Claire, WI 54703, offers a prime opportunity for businesses seeking executive office space in a vibrant downtown location. This Class B building, constructed in 1999, boasts a total of 54,420 square feet, with 15,000 square feet currently available for lease. The space is ideal for a variety of uses, including office or medical practices, and offers flexible layouts with divisible space options to accommodate diverse needs. The building's central location provides easy access to key amenities, including the Mayo Clinic and Kwik Trip, ensuring convenience for both employees and clients. Ample parking is available on-site, addressing a common concern for businesses in urban settings. The available space is part of a multi-tenant building, fostering a collaborative and dynamic work environment. This is a unique opportunity to secure a significant amount of office space in a desirable location within Eau Claire's thriving downtown area. The property offers the potential for customization and adaptation to suit specific business requirements. Interested parties are encouraged to inquire about the various layout options and divisible space possibilities to find the perfect fit for their operational needs. Don't miss this chance to establish your business in a well-situated and versatile office space.

• CAP approach

  CAP return

  Valuation

  6%

  $11,339,500

  6.5%

  $10,467,200

  7%

  $9,719,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,777,600

  Geo Method

  $2,777,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,670,200

  Retail / Commercial

  $10,587,300

  Mixed-Use / Specialty

  $10,539,900

  Hospitality / Lodging

  $7,720,180

  Institutional / Educational

  $10,953,800

  Residential Income

  $12,815,900

  Multifamily

  $15,424,300

  Automotive / Energy

  $9,388,940

  Parking / Income-Based Land

  $3,249,560

  Restaurant / Food Service

  $5,461,230

  Healthcare / Senior Housing

  $10,818,400

Location Insight

City

Eau Claire

County

Eau Claire

State

Wisconsin

Latitude

44.8151

Longitude

-91.5103

CBSA code

20740

CBSA name

EAU CLAIRE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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