1 Sherman Terrace, Madison, WI 53704
1 Sherman Terrace, Madison, WI 53704
1 Sherman Terrace, Madison, WI 53704
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Daniel Bertelson

Daniel Bertelson

+1(608) 218-4460
$ 699,900
Est. payment | /mo

3,672 SqFt

Save
$ 699,900
Est. payment | /mo
Save

3,672 SqFt

Key Details

Property Type Commercial

Sub Type Retail,Office(s),Service,Restaurant/Supper Club,Recreation/Health Club,Other,Commercial Condo,Mini Storage

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $190

MLS Listing ID 2035406

Year Built 1949

Annual Tax Amount $15,476

Tax Year 2025

Lot Size 0.385 Acres

Acres 0.385

Property Sub-Type Retail,Office(s),Service,Restaurant/Supper Club,Recreation/Health Club,Other,Commercial Condo,Mini Storage

Property 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.

Location

State WI

County Dane

Zoning TR-V2

Rooms

Basement None, None / Slab

Interior

Heating Natural Gas

Cooling Forced Air, Central Air, Zoned Heating

Inclusions Any furniture and accessories in the building.

Exterior

Utilities Available High Speed Internet Available

Roof Type Flat,Rubber/Membrane

Building

Dwelling Type Free Standing

Story 1

Sewer Municipal Water, Municipal Sewer

New Construction N

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1 Sherman Terrace