Affordable hybrid arts/retail/workshop space for rent on the near East side of Madison. Property is a unique layout of a warehouse attached to an old house that was made Commercially code compliant when first leased to an arts collective in 2018. Features: Half bath on main floor, full bath on second floor, 2 rooms on upper level ideal for studio/ office space, not ADA compliant (but ADA friendly… 1-2 steps between buildings, ramp from one entrance possible), warehouse space currently divided in 2 spaces (could be one large area).  Forced air furnace and Central air.

Gross square footage is about 1600, Parking lot has 5 spaces and 1 ADA space. Bike racks.

The terms we are looking for:

• Triple net lease
  • Base rent at $1500 per month.
  • Taxes and insurance are roughly $400/month
  • Approximate gross of $1900 per month.
  • 3-5 year lease with 2% escalator and options to renew
  • Personal guarantee
• Tenant responsible for all interior maintenance, utilities, and exterior upkeep.
  • MG&E utilities
  • City Municipal services: water/sewer
  • Annual maintenance of HVAC (replacement or major repair would be an owner expense)
  • snow removal from parking lot
  • mow terrace, maintain trees in fence line (arborist coming to do a massive prune this fall).