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6200 Mineral Point Rd 13,908 SF 100% Leased Office Building Madison, WI 53705 $2,075,000 ($149.19/SF)



INVESTMENT HIGHLIGHTS
- Outstanding multi-family redevelopment opportunity.
EXECUTIVE SUMMARY
Oakbrook Corporation is pleased to present for sale the land and Class C office building located at 6200 Mineral Point Road (“the Property”). The Property presents an excellent opportunity for redevelopment in one of Madison’s most active commercial corridors. The Property is currently zoned CC-T (Commercial Corridor—Transitional). CC-T allows mixed-use development of up to 5 stories or 78 feet in height within the Transit-Oriented Development Overlay District, so no zoning change is required in order to develop an apartment project with a small commercial component.
Pursuing a zoning change is also an option depending on the developer’s goals. The City of Madison Comprehensive Plan calls for a future land use of CMU (Community Mixed Use). This aligns with a potential rezoning to MXC (Mixed Use Center District), which may support additional or larger units and a slightly simpler design. Kevin Burow of Knothe & Bruce Architects conducted an extensive study of the site, zoning, height limitations, and setbacks and prepared the attached concept plans showing a 70-unit building with 85 parking stalls. A small commercial space is included on first floor to meet the mixed-use requirement. A full-size version in PDF is available upon request.
Pursuing a zoning change is also an option depending on the developer’s goals. The City of Madison Comprehensive Plan calls for a future land use of CMU (Community Mixed Use). This aligns with a potential rezoning to MXC (Mixed Use Center District), which may support additional or larger units and a slightly simpler design. Kevin Burow of Knothe & Bruce Architects conducted an extensive study of the site, zoning, height limitations, and setbacks and prepared the attached concept plans showing a 70-unit building with 85 parking stalls. A small commercial space is included on first floor to meet the mixed-use requirement. A full-size version in PDF is available upon request.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
13,908 SF
Building Class
B
Year Built
1963
Price
$2,075,000
Price Per SF
$149.19
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,908 SF
Building FAR
0.43
Lot Size
0.75 AC
Zoning
CC-t - Commercial Corridor—Transitional
Parking
50 Spaces (3.95 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 1
PROPERTY TAXES
| Parcel Number | 0708-244-1310-1 | Improvements Assessment | $1,503,900 |
| Land Assessment | $429,000 | Total Assessment | $1,932,900 |
PROPERTY TAXES
Parcel Number
0708-244-1310-1
Land Assessment
$429,000
Improvements Assessment
$1,503,900
Total Assessment
$1,932,900
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6200 Mineral Point Rd
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