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1 Sherman Terrace Madison, WI 53704 • Commercial - Office • Active

  • 1 Sherman Terrace, Madison, WI 53704 Main Photo

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Description

Rare near-east-side commercial opportunity steps from Tenney Park & Lake Mendota. This 3,672 SF single-story brick building sits on its own exclusive-use 0.385-acre parcel within Sherman Terrace Condominium Homes. Two storefront entries, abundant windows & a full-length covered walkway offer great visibility and flexible office/professional layouts. Large on-site surface parking lot. Owner holds the exclusive right to alter, expand or build new improvements on the parcel, subject to zoning, creating redevelopment & value-add potential. Exempt from residential HOA dues; owner pays only a 2.48% share of water/sewer, admin & master insurance. Minutes to the Capitol, East Washington corridor & downtown. Bank-owned, sold AS-IS. Buyer to verify square footage, zoning (TR-V2), permitted uses & all easements. Condo documents available upon request.

Property Highlights

Property Type: Commercial - Office
Year Built: 1949

General Information

County: Dane
Listed By:
American, REALTORS 608-834-2600
SCWMLS
$699,900
Est. $4,856/mo

Listing Courtesy of: American, REALTORS
Agency Phone: 608-834-2600
IDX logo


Active
SQUARE FEET3,672 MLS#2035406
STATUSActive PROPERTY TYPECommercial - Office

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1 Sherman Terrace, Madison, WI 53704.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $699,900$699,900$699,900
Down Payment $139,980$24,497$174,975
Monthly Mortgage Amount $3,678$4,515$4,501
Taxes $974$974$974
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$308$0
Monthly Estimated Total $4,856$6,001$5,679

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