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1553-1557 Madison Ave 63,750 SF Retail Building Memphis, TN 38104 For Sale
Executive Summary
• 63,750+/- SF building
• Includes 1,138 seat venue space plus 400 capacity lounge
• Commercial kitchen
• Walk in cooler
• 2.59 acres with 125 dedicated parking spaces
• CMU-3 and CMU-1 zoning
• Three new 15-ton HVAC units serving the event space
• New 10-ton HVAC unit serving the backstage area
• Updated fire suppression system with new sprinkler heads and risers
• New emergency lighting
• Includes 1,138 seat venue space plus 400 capacity lounge
• Commercial kitchen
• Walk in cooler
• 2.59 acres with 125 dedicated parking spaces
• CMU-3 and CMU-1 zoning
• Three new 15-ton HVAC units serving the event space
• New 10-ton HVAC unit serving the backstage area
• Updated fire suppression system with new sprinkler heads and risers
• New emergency lighting
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
63,750 SF
Building Class
B
Year Built/Renovated
1938/2021
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
2.60 AC
Zoning
CMU-3 - Commercial Mixed Use
Parking
25 Spaces (0.31 Spaces per 1,000 SF Leased)
Frontage
292’ on Madison Ave
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1553
- 2,000 SF
- Retail
- In-Line
- Now
- 1553
- 2,188 SF
- Retail
- In-Line
- 30 Days
- 1557
- 1,809 SF
- Retail
- In-Line
- 30 Days
- 1559
- 1,832 SF
- Retail
- In-Line
- 30 Days
- 201
- 4,000 SF
- Office
- In-Line
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1553 | 2,000 SF | Retail | In-Line | Now |
| 1553 | 2,188 SF | Retail | In-Line | 30 Days |
| 1557 | 1,809 SF | Retail | In-Line | 30 Days |
| 1559 | 1,832 SF | Retail | In-Line | 30 Days |
| 201 | 4,000 SF | Office | In-Line | 30 Days |
1553
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1553
| Size |
| 2,188 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1557
| Size |
| 1,809 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1559
| Size |
| 1,832 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
201
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Position |
| In-Line |
| Available |
| 30 Days |
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,712,400 (2025) | |
| Land Assessment | $315,200 (2025) | Total Assessment | $2,027,600 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$315,200 (2025)
Improvements Assessment
$1,712,400 (2025)
Total Assessment
$2,027,600 (2025)
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1553-1557 Madison Ave
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