A fully leased, renovated 10,475 SF commercial building on a 0.80-acre infill parcel on Madison’s Near East Isthmus. Leased through December 31, 2031 with two 5-year options to 2041. Net lease with 3% annual rent increases: the tenant pays real estate taxes, insurance, utilities, routine maintenance and common area costs. The lease is corporately guaranteed by a multi-state operator with 13 locations in the Midwest. Ownership invested about $450,000 in 2025-26: new roof, full heating and cooling replacement, gutters, insulation, plumbing and stucco. The parking lot was resealed and striped in June 2026. 132 feet of Pennsylvania Avenue frontage, next to the former Hooper campus redevelopment and the University of Wisconsin’s 2230 Pennsylvania parcel, about 0.3 miles from the Madison Public Market.
Offered at $1,350,000
10,475 SF building | 0.80 acres (34,848 SF)
100% leased through 2031 | IL zoning
