Log In/Sign Up
Your email has been sent.
6200 Mineral Point Rd
Madison, WI 53705
Office Property For Sale
Investment Highlights
- Outstanding multi-family redevelopment opportunity.
Executive Summary
Oakbrook Corporation is pleased to present for sale the land and existing Class B office building located at 6200 Mineral Point Road (“the Property”). The Property presents an excellent opportunity to acquire a highly functional office building, or 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.
Certain For-Profit businesses could be eligible for up to $250k forgivable
loan via the City of Madison Small Cap TIF program
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.
Certain For-Profit businesses could be eligible for up to $250k forgivable
loan via the City of Madison Small Cap TIF program
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
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
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
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
