510-516 S Park Street Madison, WI $ 1,199,000
510-516 S Park Street
$ 1,199,000
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510-516 S Park Street

Madison, WI, 53715
$ 1,199,000
Bedrooms-- Baths-- Sq 5,386

Monthly Estimate*

$ 7,480

Listed by The Hub Realty
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Commercial Property for sale in Madison, WI

for $1,199,000. This 5,386 square foot building was built in 1933.

Rare opportunity to own 2 buildings, 2 commercial spaces, 4 apartments, oversized two car garage with ample parking on the booming S Park St corridor! This property is adjacent to Vilas/Greenbush neighborhood and walkable to everything downtown! The commercial tenants include Cordial Bar, where the motto is, "Outside's a Dive, Inside's a Vibe". They have been in business for 4 years and have an initial 10 year lease term. The adjacent commercial tenant has been there for years, as a well established business, Spike-O-Matic Tattoo. There are 2 large apartments above the commercial spaces. There is an additional 2 flat included, just North of the primary building. With well established commercial tenants, renovated apartments and an outstanding location, the options are endless!

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Commercial Contingent

Price

$ 1,199,000

Property Type

Commercial

Taxes

$ 14,043

Style

Retail,Office,Restaurant/Supper Club,Beauty/barber

Year Built

1933

Town/City

Madison

County/Region

Dane

MLS | Web ID

2008490

Features
General
Lease Type Gross Month to month Multiple years Triple net
Features Alley Residential unit(s)
Roof Composition Partially flat Rubber/membrane
Zoning TSS
Occupancy Tenant(s)
Tenant Pays Air Conditioning Electric Heat Insurance Janitorial Parking Sewer Taxes Water
County Dane
Miscellaneous Internet -Fiber Available
Class Business/Comm
Present Use Retail Office Tavern Apartment building
Net Income 66080
Location Corner Near public transportatn Residential area Shopping center
Tax Year 2024
Gross Income 108411
Fuel Natural gas
Status Offer-Show
Status Detail 4
Year Built 1933
Directions Right on S Park St
City Madison
DOM 84
Price Per Sq Ft Total AG 222.61
Virtual Tour https://my.matterport.com/show/?m=YEMMgvaEspH&brand=0&mls=1&
County Qtr Section West Metro Madison
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Interior
Basement Full Poured concrete foundatn
Total Number of Units 6
Heating/Cooling Central air Forced air Radiant Wall AC Window AC
Stories 2
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Exterior
Exterior Brick Wood
Lot Size Area 0.169
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* Excluded Features
List By
The Hub Realty

Broker

(608) 345-0150

Phone

ryan@thehubrealty.com

Email

Affordability Calculator

$8,650
Per Month
86%
14%
0%
Monthly Principal & Interest
$7,480
Monthly Property Taxes
$1,170
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1568291 Elementary School
1568554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2025$1,199,000 Listed Price

Map


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510-516 S Park Street, Madison, WI, 53715 is a Commercial Property for sale at $1,199,000 with 5,386 sqft. 510-516 S Park Street was built in 1933. The property's zip code is 53715 which is in Madison, WI