About This Home

This 0-bedroom, 0-bathroom commercial at 1 Sherman Terrace in Madison, WI is listed for $699,900 ($191 per sqft). Built in 1949, the home offers 3,672 sqft of living space on a 0.39 acres lot.

Key Features

  • Built in 1949
  • 0.39 acre lot

Property Details

1949
Listing 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.

Monthly Cost Estimate

$3,743/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

1 Sherman Terrace

Madison, WI 53704

Features & Amenities

Interior Features

AlleyPrivate Restrooms440+ voltReception areaSignage availableDisplay windowSecurity fenceInside storageOutside storagePrivate office(s)FencingGas Hot Water Heater

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1 Sherman Terrace is listed at $699,900 ($191/sqft). The estimated monthly payment is $3,743 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1949, 0.39 acre lot. Interior Features: Alley, Private Restrooms, 440+ volt.

This property is listed by David Baehr.

DB

David Baehr

Agent at American, REALTORS

Listed by American, REALTORS · Broker phone: (608) 834-2600 · Broker website

MLS# 2035406· Source: REALTORS® Association of South Central Wisconsin· Added to PropertySimple today

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1 Sherman Terrace, Madison, WI 53704

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