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DOWNTOWN MADISON COMMERCIAL INVESTMENT OPPORTUNITY! Located in the heart of downtown Madison, this well-maintained commercial building, featuring tons of new renovations, offers an excellent opportunity for an investor seeking established tenants, long-term leases, and strong income potential. The property features approximately 11,600 total square feet with two established tenants occupying separate levels. The main floor, approximately 5,800 square feet, is leased to Anytime Fitness, while the approximately 5,800-square-foot upper level is leased to Bulldog Media Group. Both tenants are secured with 5-year leases, providing a combined gross annual income of $98,400. Recent capital improvements add value and peace of mind, including new mechanical systems completed within the past year and a new roof installed approximately two years ago. The building also features a freight elevator, providing convenient access between floors and added flexibility for commercial use. Located in downtown Madison, the property offers a central location surrounded by local businesses, services, and the community's established commercial district. With quality tenants, long-term leases, recent updates, and a strong income stream, this property is a great opportunity to add a stabilized commercial investment to your portfolio.

Highlights

  • Commercial Sale
  • Retail
  • Built in 1908
  • 0.16 Acre Lot
  • 75 days on Market

  • Year Built
    1908
  • Stories
    2.0
  • Living Area
    11600.0
  • Flooring
    Tile, Carpet
  • Security Features
    Smoke Detector(s)
  • Heating
    Natural Gas, Central

  • Acres
    0.16

  • County
    Lake
  • City
    Madison
  • Neighborhood
    Other - Outside Jurisdiction
  • Zip Code
    57042

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Frequently Asked Questions

How do I schedule a tour of 112 N Egan Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 112 N Egan Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 112 N Egan Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,100,000. We can talk through recent upgrades, potential seller motivation, how this retail compares to others in Madison, and can even get you in to see the property quickly.

How do I get a virtual tour of 112 N Egan Ave?

Yes! A virtual tour is available for 112 N Egan Ave. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 112 N Egan Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 112 N Egan Ave at around $6,260. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 112 N Egan Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 112 N Egan Ave?

In most cases, yes. Whether 112 N Egan Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Madison's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 112 N Egan Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Madison and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,100,000 with 11,600 sqft of space—that comes out to approximately $95 per square foot.

How long has this property been on the market?

112 N Egan Ave was listed on August 26, 2026, which means it's been on the market for 75 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1908, making it approximately 118 years old.

What is the lot size of this property?

112 N Egan Ave sits on a 0.16-acre lot, which is 6,970 square feet.

Is 112 N Egan Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

Last Updated: November 09, 2026 at 11:14PM | Source: REALTOR Association of the Sioux Empire | MLS#: 22606587