Retail Space
2302 East Springs Drive Madison, WI 53704
Details & Description
Price: $10,600,000
    Rare opportunity to own prime 6+ acre parcel near East Towne Mall in Madison, Wisconsin. Recent building expansion and a 10 year lease with Ashley Furniture and great co-tenancy including; The Tile Shop and Old Navy. Potential for additional development in existing parking lot. Investment lends itself to substantial upside, as existing tenants have low rents and can be adjusted at lease turnover.
    Property ID:    233571
    Property URL: melqr.com/233571
    Generated:    05-10-24
    Listing Agents
    Dan Holvick

    O: 608-220-7740
    M: 608-220-7740
    dan.holvick@naimadison.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Wisconsin / Madison / 53704 / 2302 East Springs Drive

    2302 East Springs Drive

    Madison, WI 53704

    Listing ID: 233571
    Print Single-Page Version
    2302 East Springs Drive Madison, WI 53704 | for Sale | Photo 1
    Building Size: 75,108 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $141.13
    Land $/SF:
    Price
    $10,600,000
    Description

    Rare opportunity to own prime 6+ acre parcel near East Towne Mall in Madison, Wisconsin. Recent building expansion and a 10 year lease with Ashley Furniture and great co-tenancy including; The Tile Shop and Old Navy. Potential for additional development in existing parking lot. Investment lends itself to substantial upside, as existing tenants have low rents and can be adjusted at lease turnover.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Madison History of Retail Space for Sale

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    Madison Area Market Trends

    Listing Demographics for 2302 East Springs Drive Madison, WI 53704

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population5,40538,154113,773
    Population Median Age353838
    Population by Age0-9 Yrs687 (12%)4682 (12%)13328 (11%)
    10-19 Yrs631 (11%)3897 (10%)11522 (10%)
    20-29 Yrs1182 (21%)6506 (17%)17809 (15%)
    30-39 Yrs947 (17%)6595 (17%)19706 (17%)
    40-49 Yrs609 (11%)4851 (12%)14841 (13%)
    50-59 Yrs570 (10%)4601 (12%)14677 (12%)
    60-69 Yrs424 (7%)3626 (9%)12371 (10%)
    70+ Yrs356 (6%)3396 (8%)9520 (8%)
    Median HH Income$63,856$65,639$68,621
    Total Household Income< 24K380 (16%)2165 (12%)6393 (12%)
    25-49K490 (20%)3813 (22%)11039 (21%)
    50-74K544 (23%)3723 (22%)10149 (20%)
    75-99K464 (19%)2863 (17%)8211 (16%)
    100-199K427 (18%)3543 (21%)12192 (24%)
    200K+40 (1%)552 (3%)2197 (4%)
    Highest Education LevelNo Diploma36920514524
    Diploma or GED718597715951
    Some College789533015673
    Assoc. Degree47927228691
    Bachelors Degree1059738723705
    Higher Degree266341213425
    Total Housing Units2,43817,12951,980
    --Owner-Occupied1,0088,80029,008
    --Renter-Occupied1,3377,86021,173
    Owner-Occupied Values< 100K1196041249
    100-199K369353410762
    200-299K423359910759
    300-399K637653863
    400-499K262351443
    500K+863931
    Total Working Age Population4,31631,04493,005
    In Work Force3,36823,03669,437
    Not In Work Force9478,00823,568
    Workforce Employed3,35322,51767,404
    Workforce Unemployed145031,911
    Civlian Workforce3,36823,02069,315
    Military Workforce017122
    Total Households2,34416,66050,180
    Family Households1,2038,61327,046
    Non-Family Households1,1418,04623,134
    Married Couple8176,40620,447
    Other Family3862,2076,599
    Married w/Child4542,6367,976
    Single Male w/Child714191,037
    Single Female w/Child1417932,839

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Wisconsin5,363,675+65,686,986+66,005,080+66,375,910
    Dane County426,526+14488,073+9530,620+9577,300

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2302 East Springs Drive in Madison?
    The asking price for 2302 East Springs Drive is $10,600,000
    What is the building size of this Retail property in Madison, WI?
    The size of the building/unit at 2302 East Springs Drive in Madison is 75,108 square feet
    What is the population within 1 mile of 2302 East Springs Drive in Madison?
    The population within 1 mile of 2302 East Springs Drive Madison, WI 53704 is 5,405 people.
    Who do I contact for questions about 2302 East Springs Drive?
    You should contact the listing agent, Dan Holvick, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Dane County Regional Truax Field (MSN) 2
    Chicago Rockford International Airport (RFD) 65
    General Mitchell International Airport (MKE) 72
    Price
    $10,600,000
    Listing Agent
    Dan Holvick - CRE Agent at

    Dan Holvick

    NAI Madison

    VIEW AGENT PROFILE

    CONTACT AGENT

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