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1414 S Park St - Meriter Hospital Clinic, Downtown Madison, WI 15,422 SF Health Care Building Offered at $2,640,000 at a 6.32% Cap Rate in Madison, WI 53715



Investment Highlights
- UnityPoint Health Affiliate Tenant – Leased to Meriter Hospital, Inc., operating within the UnityPoint Health healthcare system
- Operational Support Facility – The property is utilized for both outpatient medical services and hospital equipment storage
- Proximity to University of Wisconsin–Madison
- Proximity to Meriter Hospital Campus – Located less than one mile from the 448 bed UnityPoint Health Meriter Hospital
- Below Replacement Cost Opportunity – Offered at a basis below today’s medical construction replacement cost
- Recent Capital Improvements – Ownership has completed multiple recent improvements including roof work, mechanical upgrades, and exterior improvements
Executive Summary
Mid-America Real Estate Wisconsin is pleased to present the opportunity to acquire the Meriter Hospital Clinic located at 1414 S Park Street in Madison, Wisconsin. The property is leased to Meriter Hospital, Inc., operating within the UnityPoint Health system, and serves as an established outpatient medical facility supporting the surrounding healthcare network.
Strategically positioned along South Park Street just south of Downtown Madison, the property benefits from strong visibility, consistent daily traffic, and proximity to major employment drivers including UnityPoint Health Meriter Hospital and the University of Wisconsin–Madison. The building currently supports both outpatient medical services and hospital operational functions, creating a highly functional facility for the tenant.
The asset presents investors with the opportunity to acquire a well maintained medical property in Madison’s urban core, located along a corridor experiencing ongoing redevelopment and residential growth. The property also offers potential long term land value given its location along one of Madison’s primary north south commercial corridors.
Strategically positioned along South Park Street just south of Downtown Madison, the property benefits from strong visibility, consistent daily traffic, and proximity to major employment drivers including UnityPoint Health Meriter Hospital and the University of Wisconsin–Madison. The building currently supports both outpatient medical services and hospital operational functions, creating a highly functional facility for the tenant.
The asset presents investors with the opportunity to acquire a well maintained medical property in Madison’s urban core, located along a corridor experiencing ongoing redevelopment and residential growth. The property also offers potential long term land value given its location along one of Madison’s primary north south commercial corridors.
Property Facts
| Price | $2,640,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.02 AC |
| Cap Rate | 6.32% | Building Size | 17,819 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Property Type | Health Care | Year Built/Renovated | 1989/2014 |
| Zoning | C2 | ||
| Price | $2,640,000 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| Sale Condition | 1031 Exchange |
| Property Type | Health Care |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 17,819 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2014 |
| Zoning | C2 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0709-263-0102-2 | Improvements Assessment | $1,415,000 |
| Land Assessment | $385,000 | Total Assessment | $1,800,000 |
Property Taxes
Parcel Number
0709-263-0102-2
Land Assessment
$385,000
Improvements Assessment
$1,415,000
Total Assessment
$1,800,000
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1414 S Park St - Meriter Hospital Clinic, Downtown Madison, WI
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