# 1 Sherman Terrace, Madison, WI 53704

> **TL;DR:** commercial, $699,900 ($191/sqft), built 1949, 3,672 sqft. Est. $3,743/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $699,900 |
| Price/sqft | $191 |
| Square Feet | 3,672 |
| Year Built | 1949 |
| Lot Size | 16,771 sqft (0.39 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,539 |
| Estimated Insurance | $204 |
| **Total** | **$3,743** |

## Property Highlights

- Built in 1949
- 0.39 acre lot

## Description

### Agent 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.

## Location

- **Address:** 1 Sherman Terrace, Madison, WI 53704
- **County:** Dane
- **Coordinates:** 43.096258, -89.366903
- **Google Maps:** https://www.google.com/maps?q=43.096258,-89.366903

## Listing Agent

- **Name:** David Baehr
- **Brokerage:** American, REALTORS
- **Broker Phone:** (608) 834-2600

## Photos

![1 Sherman Terrace - Photo 1](http://lh.rdcpix.com/87c7a694d2bfc20cc23503705531d6d1l-f1633535065r.jpg)

![1 Sherman Terrace - Photo 2](http://lh.rdcpix.com/87c7a694d2bfc20cc23503705531d6d1l-f1430796235r.jpg)

![1 Sherman Terrace - Photo 3](http://lh.rdcpix.com/87c7a694d2bfc20cc23503705531d6d1l-f3360291078r.jpg)

---

**MLS#:** 2035406 | **Updated:** 2026-10-28
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1-sherman-terrace-madison-wi-53704-9cfdc33dd6e5425980b45654d71fda76)

---

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