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1 Sherman Terrace Madison, WI $ 699,900
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$ 699,900 Get more info
1 Sherman Terrace
$ 699,900
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1 Sherman Terrace

Madison, WI, 53704
$ 699,900
Bedrooms-- Baths-- Sq 3,672

Monthly Estimate*

$ 4,834

Listed by American, REALTORS
1 Sherman Terrace, Madison, WI 53704 - Image 1
1 Sherman Terrace, Madison, WI 53704 - Image 2
1 Sherman Terrace, Madison, WI 53704 - Image 3

Commercial Property for sale in Madison, WI

for $699,900. This 3,672 square foot building was built in 1949.

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.

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Commercial Active

Price

$ 699,900

Property Type

Commercial

Taxes

$ 15,476

Style

Retail,Office,Service,Restaurant/Supper Club,Whole

Year Built

1949

Town/City

Madison

County/Region

Dane

MLS | Web ID

2035406
Features
General
Lease Type None
Features Alley Private Restrooms 440+ volt Reception area Signage available Display window Security fence Inside storage Outside storage Private office(s) Fencing Gas Hot Water Heater
Roof All flat Rubber/membrane
Zoning TR-V2
Occupancy Vacant
Tenant Pays N/A
County Dane
Miscellaneous Internet -Fiber Available
Class Business/Comm
Present Use Retail Office
Net Income 0
Location Corner Free standing High Visibility Near public transportatn Residential area
Tax Year 2025
Gross Income 0
Fuel Natural gas
Status Active
Status Detail 0
Year Built 1949
Directions From Capitol Sq E on E Johnson St to Tenney Park. L (north) on N Sherman Ave then L (west) on Sherman Terrace to Unit 1 (commercial bldg).
City Madison
DOM 1
Price Per Sq Ft Total AG 190.6
County Qtr Section East Metro Madison
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Interior
Basement Slab/None
Total Number of Units 1
Heating/Cooling Central air Forced air Hot Water Utility Master Meter Zoned heating
Stories 1
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Exterior
Exterior Wood Brick
Lot Size Area 0.385
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* Excluded Features
List By
American, Realtors

Broker

(608) 213-6686

Phone

David@baehrinc.com

Email

Affordability Calculator

$6,124
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,834
Monthly Property Taxes
$1,290
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/27/2026$699,900 Listed Price

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1 Sherman Terrace, Madison, WI, 53704 is a Commercial Property for sale at $699,900 with 3,672 sqft. 1 Sherman Terrace was built in 1949. The property's zip code is 53704 which is in Madison, WI

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