Retail or Development Opportunity

1905 Monroe St Madison, WI 53705

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FOR SALE Incentives
Property Type:
Street Retail
Amount:
$1,150,000
Last Verified:
May 16, 2017

Highlights

  • Monroe Street Commerce
  • 14,750 Avg Weekly Traffic
  • Elevator/Lift in building
  • Prime redevelopment location
  • $10,000 Matching grant to improve facade

Description

Owner is relocating business. Rare opportunity to own a piece of Monroe St! Currently a retail store but also a development opportunity in the middle of the busy Monroe Street shopping area. Extensive rebuild and expansion done in 1998. Building has three levels with a basement and handicap elevator/lift. Lots of retail space with great storage, offices and employee lunch room. $10,000 matching grant available from City of Madison to improve facade.

On Monroe St near the corner of Harrison St


Year Built: 1954
Building Size: 6004.0sq ft
Lot Size: 0.11 acres

Map of 1905 Monroe St, Madison, WI, 53705

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.