Prime Location Commercial Property For Sale – Madison, WI Near East – 15,394 sq ft

2926 Atwood Avenue, Madison, WI

$1,200,000

Price

10,214 sqft

Building Size

15,394 sqft

Lot Area

Overview
Building Size
10,214 sqft
Lot Area
15,394 sqft
Class
B
Year Built
1906
Zoning
TSS – Traditional Shopping Street District
Tenancy
Single
Floors
2
Parking Spots
25
Year Last Renovated
1940
Gross Leaseable Area
10214
Construction Status
Existing
Roof
Flat
HVAC
Steam Heat
Restrooms
2
CeilingHeight
10.5
Description

Mixed-use building (former Birrenkott Appliance, Inc) located on a very highly visible corner of a major thoroughfare on the East Side of Madison WI – corner of Atwood Avenue and S Fair Oaks Avenue – quite possibly the most sought-after neighborhood in Madison and Dane Co. Continuous 60 linear feet of 8.5’ tall sidewalk windows provide much natural light and street visibility. Features 4 smaller apartments above with ample off-street parking. Three parcels for sale include Retail Store with basement and 2nd floor apartments plus two Buildable Parking Lots. 3-parcel total = 15,394 sq ft. Corner Lot.
Former appliance store operated for 50+ years to retirement at the prime corner of Atwood Ave and S Fair Oaks Ave on Madison’s beautiful east side shows the longstanding success and future potential of the site. Close proximity to many destinations that creates a vibrant, bustling area. The creative Atwood Avenue neighborhood has transformed from a blue-collar district into a hip and vibrant community. Many consider this east-side neighborhood one of Madison’s most innovative due to its numerous funky shops, ethnic restaurants, and cultural opportunities. The attractiveness of the neighborhood is its small-town atmosphere, where residents can work, shop, and play all within a short walk or drive from home. It is a neighborhood that strives to maintain a diverse population, a variety of housing opportunities, and a high quality of living for all its residents, making this neighborhood a highly desirable place to live and do business.
The City of Madison in partnership with the City of Monona have plans to reconstruct Atwood Avenue from Fair Oaks Avenue to Cottage Grove Road. The project will include new pavement, ADA-compliant curb and gutter, sidewalk, water/sewer, and street lighting. In addition to the roadway improvements, the project will include a 10-foot wide bike path with an adjacent 5-foot wide pedestrian path that will extend the majority of the project limits adjacent to Atwood Avenue including a new pedestrian bridge over Starkweather Creek parallel to the roadway bridge. Construction planned for 2025, City is currently trying to move it up to 2023.

Highlights
  • Mixed-use building located on a highly visible corner of a major thoroughfare on the Near East Side of Madison WI.
  • Heavy foot traffic and a continuous 60 linear feet of 8.5’ tall sidewalk windows provide much natural light and street visibility.
  • Three parcels for sale include Retail Store with Apartments and two Buildable Parking Lots.
  • Innovative, diverse neighborhood with funky shops, ethnic restaurants, and cultural opportunities while maintaining a small-town charm.
  • Neighborhood is a highly desirable place to live and do business. City-planned reconstruction of Atwood Ave from Cottage Grove Rd to S Fair Oaks Ave to occur possibly as soon as 2023.
  • Features four 2nd-floor smaller apartments, basement, and ample off-street parking.
Documents
Title
Birrenkott_Appliance_Property_-_Condensed_Data___Info_Set_-_Final_PDF_File.pdf
Birrenkott_Appliance_Property_-_Sales_Brochure_-_Final_PDF_Version.pdf
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Location
Gallery