6200 Mineral Point Rd - Office FOR SALE


Madison, WI 53705- West Madison
$2,075,000 USD
608-444-1911
6200 Mineral Point Rd, Madison, WI for Sale
$2,075,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

6200 Mineral Point Rd
Madison, WI 53705
West Madison


HIGHLIGHTS

  • Outstanding multi-family redevelopment opportunity.

OVERVIEW

Oakbrook Corporation is pleased to present for sale the land and existing Class B office building located at 6200 Mineral Point Road (“the Property”). The Property presents an excellent opportunity to acquire a highly functional office building, or for redevelopment in one of Madison’s most active commercial corridors. The Property is currently zoned CC-T (Commercial Corridor—Transitional). CC-T allows mixed-use development of up to 5 stories or 78 feet in height within the Transit-Oriented Development Overlay District, so no zoning change is required in order to develop an apartment project with a small commercial component. Certain For-Profit businesses could be eligible for up to $250k forgivable loan via the City of Madison Small Cap TIF program Pursuing a zoning change is also an option depending on the developer’s goals. The City of Madison Comprehensive Plan calls for a future land use of CMU (Community Mixed Use). This aligns with a potential rezoning to MXC (Mixed Use Center District), which may support additional or larger units and a slightly simpler design. Kevin Burow of Knothe & Bruce Architects conducted an extensive study of the site, zoning, height limitations, and setbacks and prepared the attached concept plans showing a 70-unit building with 85 parking stalls. A small commercial space is included on first floor to meet the mixed-use requirement. A full-size version in PDF is available upon request.

FOR SALE DETAILS

PRICE

$2,075,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,706 SF

ZONING

CC-t

APN/PARCEL ID

0708-244-1310-1

ASK ABOUT THIS PROPERTY

Chris CaulumOakbrook CorporationMore Info
608-444-1911

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Chris CaulumOakbrook CorporationMore Info
608-444-1911

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