Real Estate For Sale 845 Vilas Ave., 405 S. Park St., 413 S. Park St. Madison, WI 14,673 sq.ft. 3 parcel lot zoned TSS. 845 Vilas Ave is an abandoned city utility building with driveway access from Vilas Ave. 405 S. Park St. is a free standing commercial building with onsite site parking and it has some additional income from the billboard with Adams Outdoor Advertising. 413 S. Park St. is currently leased out as a 5 bedroom apartment with onsite parking available to the tenants. This would also be a great redevelopment site with great views of Lake Monona. Any redevelopment would be subject to the city’s approval. Asking Price $1,149,000 James Stopple - [email protected] Direct Line (608) 268-4912 - Office (608) 251-8777 - Fax (608) 255-9656 Tony Xiong - [email protected] - Direct Line (608) 268-4987 www.madisonproperty.com/realestate
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Real Estate For Sale
845 Vilas Ave., 405 S. Park St., 413 S. Park St. Madison, WI
14,673 sq.ft. 3 parcel lot zoned TSS. 845 Vilas Ave is an abandoned city utility building
with driveway access from Vilas Ave. 405 S. Park St. is a free standing commercial
building with onsite site parking and it has some additional income from the billboard
with Adams Outdoor Advertising. 413 S. Park St. is currently leased out as a 5 bedroom apartment with onsite parking available to the tenants. This would also be a great
redevelopment site with great views of Lake Monona. Any redevelopment would be
subject to the city’s approval.
Asking Price $1,149,000
James Stopple - [email protected]
Direct Line (608) 268-4912 - Office (608) 251-8777 - Fax (608) 255-9656
Tony Xiong - [email protected] - Direct Line (608) 268-4987
www.madisonproperty.com/realestate
2019-2020 Rent Roll Address Unit Beds Bath Square Deposit Monthly Rent Monthly Tax Escrow Utilities Lease Signed Lease Start Lease End
Park St S 405 Commercial 1294 $ 2,200.00 $ 1,939.07 $ 372.23 50% of real estate taxes & 50% 9/28/2017 10/1/2017 9/30/2022
building insurance, electric, gas,
water/sewer, heat.
Park St S 413 1&2 5 3 1372 $ 1,047.50 $ 2,095.00 House Electricity (Heat). House 3/18/2019 8/16/2019 8/14/2020
Gas (Stove, Hot Water).
$20/person/month for Water and
Sewer.
Billboard Sign at 405 S. Park St. $ - $ 9,600.00 Paid annually 10/1/2004 10/1/2004 9/30/2028
or 25% of net revenues
Either party can
terminate lease with
90 days
advance notice prior
to the expiration date
$ 62,475.60 Total Annual Income
2020-2021 Rent Roll Address Unit Beds Bath Square Deposit Monthly Rent Monthly Tax Escrow Utilities Lease Signed Lease Start Lease End
Park St S 413 1&2 5 3 1372 $ 2,495.00 $ 2,495.00 House Electricity (Heat). House 11/18/2019 8/16/2020 8/14/2021
Gas (Stove, Hot Water).
$20/person/month for Water and
Sewer.
Property Information
Property Use: Shop, 1 story sm. Property Class: Commercial
Zoning: TSS Lot Size: 3,876 sqft
Frontage: 2,282 - Vilas Ave Water Frontage: NO
TIF District: 0 Assessment Area: 9936
Address: 845 Vilas Ave
Parcel Number:070923313012
2019 Tax Information
Net Taxes: $406.16
Special Assessment: $0.00
Other: $0.00
Total: $406.16
Property Information
Property Use: Store 1 sty sm Property Class: Commercial
Zoning: TSS Lot Size: 5,625 sq ft
Frontage: 141 - S Park St Water Frontage: NO
TIF District: 0 Assessment Area: 9936
Address: 405 S Park St
Parcel Number: 070923313020
Building Remarks: Gas station converted to office use in 1961 (optometrist). Currently a check cashing
office. Has parking for 10-15 cars on site.
2019 Tax Information
Net Taxes: $10,229.37
Special Assessment: $0.00
Other: $0.00
Total: $10,229.37
Property Information
Property Use: 2 Unit Property Class: Residential
Zoning: TSS Lot Size: 4,672 sq ft
Frontage: 58 - S Park St Water Frontage: NO
TIF District: 0 Assessment Area: 2021
Residential Building Information
Exterior Construction
Home Style: Old StyleDwelling
Units:2
Stories: 2.0 Year Built: 1889
Exterior Wall: Wood
Foundation: Concrete Block
Roof: AsphaltRoof
Replaced:2007
Garage 1: Stalls: 0.0
Driveway: Asphalt Shared Drive: NO
Interior Information
Bedrooms: 6 Full Baths: 3
Fireplace: 0 Half Baths: 0
Living Areas (Size in sq ft)
Description: Living Area:Total Living
Area:1,372
1st Floor: 686
2nd Floor: 686
3rd Floor: 0
Above 3rd
Floor:0
Attic Area: Finished: 0
Basement: Finished: 240 Total Basement: 686
Crawl Space: 0
Other Structures (Size in sq ft)
Screen Porch: 163
Mechanicals
Central A/C: NO
Address: 413 S Park St
Parcel Number: 070923313038
2019 Tax Information
Net Taxes: $8,492.54
Special Assessment: $0.00
Other: $0.00
Total: $8,492.54
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