3,672 sqft

$699,900

1 Sherman Terrace, Madison WI, 53704

Price per sqft$190.60

Built in1949

Property size3,672 sqft

Property typeCommercial

Courtesy of American, REALTORS, David Baehr

Overview

Active

Listed Oct 27, 2026

Updated 18h ago

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.

Other Property Details

Taxes: $15,476
Tax Frequency: Annually
55+/Senior Community: No

Also listed on SCWMLS

Courtesy of American, REALTORS, David Baehr

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Data last updated 4:20 AM UTC, 10/28/2026