1 Sherman Terrace, Madison, WI 53704
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1 Sherman Terrace, Madison, WI 53704
1 Sherman Terrace, Madison, WI 53704
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Michael Leeson

Michael Leeson

+1(608) 843-3203
Listed by American, REALTORS
$ 699,900
Est. payment /mo
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1 Sherman Terrace Madison, WI 53704

3,672 SqFt

UPDATED:

Key Details

Property Type Commercial, Condo

Sub Type Retail,Office,Service,Restaurant/Supper Club,Wholesale,Recreation,Church,Day care,Other,Commercial Condo,Self storage

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $190

MLS Listing ID 2035406

Year Built 1949

Annual Tax Amount $15,476

Tax Year 2025

Lot Size 0.385 Acres

Acres 0.385

Property Sub-Type Retail,Office,Service,Restaurant/Supper Club,Wholesale,Recreation,Church,Day care,Other,Commercial Condo,Self storage

Property Description

Rare near-east-side commercial opportunity steps from Tenney Park & Lake Mendota. This 3,672 SF single-story brick building sits on its own exclusive-use 0.385-acre parcel within Sherman Terrace Condominium Homes. Two storefront entries, abundant windows & a full-length covered walkway offer great visibility and flexible office/professional layouts. Large on-site surface parking lot. Owner holds the exclusive right to alter, expand or build new improvements on the parcel, subject to zoning, creating redevelopment & value-add potential. Exempt from residential HOA dues; owner pays only a 2.48% share of water/sewer, admin & master insurance. Minutes to the Capitol, East Washington corridor & downtown. Bank-owned, sold AS-IS. Buyer to verify square footage, zoning (TR-V2), permitted uses & all easements. Condo documents available upon request.

Location

State WI

County Dane

Area Madison - C E05

Zoning TR-V2

Direction From Capitol Sq, E on E Johnson St to Tenney Park. L (north) on N Sherman Ave, then L (west) on Sherman Terrace to Unit 1 (commercial bldg).

Rooms

Basement Slab/None

Interior

Heating Central air, Forced air, Hot Water, Utility Master Meter, Zoned heating

Cooling Central air, Forced air, Hot Water, Utility Master Meter, Zoned heating

Inclusions Any furniture and accessories in the building.

Exterior

Parking Features 21-35 spaces, Onsite, Paved, Enclosed, Blacktop/Asphalt, Private

Roof Type All flat,Rubber/membrane

Building

Story 1

Water Municipal sewer, Municipal water

Structure Type Wood,Brick

Others

SqFt Source Assessor

Energy Description Natural gas

South Central Wisconsin MLS (SCWMLS)
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved

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1 Sherman Terrace