1414 S Park St - Manufacturing FOR SALE


Madison, WI 53715- Bay Creek
$2,640,000 USD
262-226-9865
1414 S Park St, Madison, WI for Sale
$2,640,000 USD
Manufacturing - FOR SALE
1/14
null | 6.32% Cap Rate

1414 S Park St
Madison, WI 53715
Bay Creek


HIGHLIGHTS

  • UnityPoint Health Affiliate Tenant – Leased to Meriter Hospital, Inc., operating within the UnityPoint Health healthcare system
  • Proximity to Meriter Hospital Campus – Located less than one mile from the 448 bed UnityPoint Health Meriter Hospital
  • Operational Support Facility – The property is utilized for both outpatient medical services and hospital equipment storage
  • Below Replacement Cost Opportunity – Offered at a basis below today’s medical construction replacement cost
  • Proximity to University of Wisconsin–Madison
  • Recent Capital Improvements – Ownership has completed multiple recent improvements including roof work, mechanical upgrades, and exterior improvements

OVERVIEW

Mid-America Real Estate Wisconsin is pleased to present the opportunity to acquire the Meriter Hospital Clinic located at 1414 S Park Street in Madison, Wisconsin. The property is leased to Meriter Hospital, Inc., operating within the UnityPoint Health system, and serves as an established outpatient medical facility supporting the surrounding healthcare network. Strategically positioned along South Park Street just south of Downtown Madison, the property benefits from strong visibility, consistent daily traffic, and proximity to major employment drivers including UnityPoint Health Meriter Hospital and the University of Wisconsin–Madison. The building currently supports both outpatient medical services and hospital operational functions, creating a highly functional facility for the tenant. The asset presents investors with the opportunity to acquire a well maintained medical property in Madison’s urban core, located along a corridor experiencing ongoing redevelopment and residential growth. The property also offers potential long term land value given its location along one of Madison’s primary north south commercial corridors.

FOR SALE DETAILS

PRICE

$2,640,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

6.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meriter Hospital Clinic, Downtown Madison, WI

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.02

LAND SF

44,431

ZONING

C2

APN/PARCEL ID

0709-263-0102-2

ASK ABOUT THIS PROPERTY

Tanner RosenMid-America Real Estate – Wisconsin, LLCMore Info
262-226-9865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tanner RosenMid-America Real Estate – Wisconsin, LLCMore Info
262-226-9865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.