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2620 Rimrock Rd 14,540 SF 100% Leased Retail Building Madison, WI 53713 $3,550,000 ($244.15/SF)



Investment Highlights
- The property has a corner location on Rimrock Road and Latitude 43 Street with Great West Beltline/Highway 12/18 access.
- Located on a 1.30 acre lot, the property has 24 dedicated parking stalls.
Executive Summary
Located on a prominent corner at Rimrock Road and Latitude 43 Street, this 15,000 sq. ft. retail building offers exceptional visibility and access to Madison’s West Beltline/Highway 12/18. Positioned on a 1.30-acre lot with 24 dedicated parking stalls, the property features a large 10,000 sq. ft. showroom ideal for displaying large sales items, complete with two 12’x10’ glass overhead doors and 14’ clear height. Interior amenities include full carpeting, seven private offices, a spacious breakroom, indoor/outdoor display areas, a private changing room, and men’s and women’s restrooms. The building also includes a warehouse service area with two service bays, each with 12’x10’ overhead doors, 14’ clear height, 400 amp 3-phase power, floor drains, and a wash basin. Additional highlights include a solar panel system (CPS Photovoltaic), full HVAC, a fenced storage yard, outdoor water access, building and pylon signage, and a full sprinkler system. Offered at $3,550,000, this property is a prime opportunity for retail or showroom use in a central Madison location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
14,540 SF
Building Class
C
Year Built
2023
Price
$3,550,000
Price Per SF
$244.15
Percent Leased
100%
Building Height
1 Story
Building FAR
0.26
Lot Size
1.30 AC
Opportunity Zone
Yes
Zoning
B-1 - Business
Parking
24 Spaces (1.65 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0709-363-2256-0 | Improvements Assessment | $1,287,700 |
| Land Assessment | $399,900 | Total Assessment | $1,687,600 |
Property Taxes
Parcel Number
0709-363-2256-0
Land Assessment
$399,900
Improvements Assessment
$1,287,700
Total Assessment
$1,687,600
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