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301 S Blount Street

Madison, WI 53703
  • $5,390,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 1959744
UPDATED: 26 min ago
$5,390,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 41,400
    SQFT
  • $130
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1898
County:

School Ratings & Info

Listing provided by Exp Realty, Llc: 866-848-6990

Description

Turnkey, National Historic McCormick Harvester Co. Bldg commercial leased executive office building in desirable Downtown Madison Isthmus location. All brick, 3-story building currently consists of 10 suites; 100% occupied w/ 5 Tenants, all long-term. Full basement offers 2,000-4,000 addt'l sq ft storage/leasing opportunities. 100% renovated in 2008 ($3.5M project) with: new 4-stop elevator, windows, roof, 2 boilers, HVAC incl. central A/C, hot water VAV Reheat System & Building Automation System. Mix of hardwood and concrete floors, original 13 ft ceilings on 2nd floor, exposed original brick columns throughout. 17 outdoor surface parking spaces leased onsite plus an additional 40 parking spaces leasable at 722 Williamson St (adjacent) through 722 owner (60 yr lease thru 2077).

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© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty HGM. Data last updated: 2023-09-26T13:42:09.097.
www.exithgm.com/homes/141445728
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301 S Blount Street Madison, WI 53703

  • Price: $5,390,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 26 min ago
  • ID#: 1959744
0
Beds
0
Baths
0
½ Baths
0.4
Acres
41,400
SQFT
$130
$/SQFT
1898
Built
Neighborhood:
Madison - C E01
County:
Dane
Area:
Madison - C E01
Property Description
Turnkey, National Historic McCormick Harvester Co. Bldg commercial leased executive office building in desirable Downtown Madison Isthmus location. All brick, 3-story building currently consists of 10 suites; 100% occupied w/ 5 Tenants, all long-term. Full basement offers 2,000-4,000 addt'l sq ft storage/leasing opportunities. 100% renovated in 2008 ($3.5M project) with: new 4-stop elevator, windows, roof, 2 boilers, HVAC incl. central A/C, hot water VAV Reheat System & Building Automation System. Mix of hardwood and concrete floors, original 13 ft ceilings on 2nd floor, exposed original brick columns throughout. 17 outdoor surface parking spaces leased onsite plus an additional 40 parking spaces leasable at 722 Williamson St (adjacent) through 722 owner (60 yr lease thru 2077).
Exterior Features

Building Parking 56 Or More SpacesOnsitePavedRampParking Fee Extra Exterior BrickGlassStone Loading Docks 0 Location Business DistrictFree StandingResidential AreaNear Public Transportatn Roof All FlatRubber/Membrane Type Office

Interior Features

Basement FullOther Foundation Ceiling Height Max 13 Ceiling Height Min 13 Commercial Features AlleyPassenger ElevatorPrivate RestroomsShared RestroomsLess Than 440 VoltSignage AvailableDisplay WindowSecurity SystemSecurity FenceInternal SprinklerInside StorageSecurity LightingPrivate Office(S)Compressor Heating Cooling Forced AirRadiantCentral Air Unit1 Gross Sq Ft 8041

Property Features

Annual Operating Expenses 224680 Business Sale No City Town Or Village City County Quarter East Metro Madison Documents On File Lease(S)P &Amp; L StatementProperty Condition ReportRestrictions/Covenants Fuel Natural Gas Gross Operating Income 601450 Lease Only No Lease Type Mixed Lease TypesEscalatorsMultiple YearsRenewal Options Mailing City Madison Miscellaneous Internet -Fiber Available Net Operating Income 376770 Net Taxes 76898 Occupancy Tenant(S) Present Use Office Real Estate Sale Yes Sale Includes Lease(S)EasementsCovenantsOptions Source Sq Ft Seller Tax Year 2022 Tenant Pays ElectricParking Unit1 Annual Rent Per Sq Ft 24.94 Water Waste Municipal WaterMunicipal Sewer Year Built Source Other Zoning His-Tl Tss

Listing information © 2023 South Central Wisconsin MLS.
Listing provided courtesy of Exp Realty, Llc: Cell: 608-212-0829.



© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty HGM. Data last updated: 2023-09-26T13:42:09.097.
 
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EXIT Realty HGM
345 W Washington Ave
Madison WI, 53703
Listing provided by Exp Realty, Llc: 866-848-6990