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Vacant-User

East Towne Mall Vacant Out-Lot

1760 Eagan Rd, Madison, WI 53704

Listing Price: $3,500,000

Cap Rate
10.00%
Gross SF
40,700
Rentable SF
40,000
Price/Gross SF
$86.00
Lot Size
3.31 acres
Year Built
1974

Investment Overview

Marcus & Millichap is pleased to present 1760 Eagan Road in Madison, Wisconsin. This property is located just outside of East Towne Mall, five miles southeast of the Capital Building, and three miles from Dane County Regional Airport. The subject property is a 40,000-square-foot vacant retail building that sits on a 3.3 acre lot. The previous tenant was Leath furniture store, but can easily be converted into any use. Prior to Leath, the building was split with three tenants taking 20K, 12K, and 8K square feet. The building is masonry built and has a loading dock and overhead door in back. Over 200,000 people reside within a 15-minute drive to the property. Traffic counts off East Washington Avenue are over 40,000 cars per day. This area is the major retail corridor for the east side of Madison and surrounding communities. Box site located at one of the primary entrances to East Towne Mall, largest indoor mall in southern Wisconsin. Nearby tenants include Dicks Sporting Goods, Office Depot, Best Buy, Ulta, Pets Mart, Princeton Club, Culvers, Starbucks, Chase Bank, Chick-fil-A, Buffalo Wild Wings. This is an ideal property for an owner/user, value-add investor, or to be repurposed for another use.

Investment Highlights

  • In Front of New Proposed 400 Unit Luxury Apartment Development
  • High Traffic Area and Five Miles From the Capital
  • Rare Opportunity to Buy a Vacant 40,000 SF in Major Retail Corridor of Madison, WI
  • Great Visibility at Entrance of East Towne Mall

Exclusively Listed By

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Vacant-User

East Towne Mall Vacant Out-Lot

Listing Price: $3,500,000

Cap Rate
10.00%
Gross SF
40,700
Rentable SF
40,000
Price/Gross SF
$86.00
Lot Size
3.31 acres
Year Built
1974

Investment Highlights

  • In Front of New Proposed 400 Unit Luxury Apartment Development
  • High Traffic Area and Five Miles From the Capital
  • Rare Opportunity to Buy a Vacant 40,000 SF in Major Retail Corridor of Madison, WI
  • Great Visibility at Entrance of East Towne Mall

Investment Overview

Marcus & Millichap is pleased to present 1760 Eagan Road in Madison, Wisconsin. This property is located just outside of East Towne Mall, five miles southeast of the Capital Building, and three miles from Dane County Regional Airport. The subject property is a 40,000-square-foot vacant retail building that sits on a 3.3 acre lot. The previous tenant was Leath furniture store, but can easily be converted into any use. Prior to Leath, the building was split with three tenants taking 20K, 12K, and 8K square feet. The building is masonry built and has a loading dock and overhead door in back. Over 200,000 people reside within a 15-minute drive to the property. Traffic counts off East Washington Avenue are over 40,000 cars per day. This area is the major retail corridor for the east side of Madison and surrounding communities. Box site located at one of the primary entrances to East Towne Mall, largest indoor mall in southern Wisconsin. Nearby tenants include Dicks Sporting Goods, Office Depot, Best Buy, Ulta, Pets Mart, Princeton Club, Culvers, Starbucks, Chase Bank, Chick-fil-A, Buffalo Wild Wings. This is an ideal property for an owner/user, value-add investor, or to be repurposed for another use.

Exclusively Listed By

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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