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
1/5
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 building located at 6200 Mineral Point Road (“the Property”). The Property presents an excellent opportunity 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. 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

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.