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1 Sherman Terrace Madison, WI 53704 • Commercial - Office • Active

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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.

Property Highlights

Property Type: Commercial - Office
Year Built: 1949

General Information

County: Dane
Listed By:
American, REALTORS 608-834-2600
SCWMLS
$699,900
Est. $4,856/mo

Listing Courtesy of: American, REALTORS
Agency Phone: 608-834-2600
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Active
SQUARE FEET3,672 MLS#2035406
STATUSActive PROPERTY TYPECommercial - Office
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Shown By

Brian Littrel
 (563) 260-6438

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1 Sherman Terrace, Madison, WI 53704.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $699,900$699,900$699,900
Down Payment $139,980$24,497$174,975
Monthly Mortgage Amount $3,678$4,515$4,501
Taxes $974$974$974
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$308$0
Monthly Estimated Total $4,856$6,001$5,679

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/04/2026. The listing information on this page last changed on 11/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 11/04/2026 12:11:27 AM EST) or MRED MLS (last updated Tue 11/03/2026 5:02:29 PM EST) or SCWMLS (last updated Tue 11/03/2026 11:55:08 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 11/03/2026 10:16:47 PM EST) or Cedar Rapids MLS (last updated Tue 11/03/2026 10:44:18 PM EST) or NEIRBR MLS (last updated Wed 11/04/2026 12:08:45 AM EST) or ICAAR MLS (last updated Tue 11/03/2026 11:37:35 PM EST) or ECIMLS (last updated Tue 11/03/2026 11:44:36 PM EST) or RMLSA (last updated Wed 11/04/2026 12:01:00 AM EST) or Muscatine MLS (last updated Wed 11/04/2026 12:00:16 AM EST) or No Coast MLS (last updated Wed 11/04/2026 12:04:26 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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