What is the asking price for Meriter Hospital Clinic, Downtown Madison, WI?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Meriter Hospital Clinic, Downtown Madison, WI?

This property is listed as Single Tenant.

What is the total size of Meriter Hospital Clinic, Downtown Madison, WI?

The property has a total square footage of 17,819 SF.

When was this property built?

Meriter Hospital Clinic, Downtown Madison, WI was built in 1989.

How many parking spaces are available at Meriter Hospital Clinic, Downtown Madison, WI?

Parking information for the property isn't currently listed. However, other nearby parking options include Lot 202 (Park & Wingra Park and Ride), located 0.06 miles away , and SSM Patient Parking, which is 0.12 miles away.

1414 S Park St, Madison, WI 53715

For Sale $2,640,000
Property Type Retail - Street Retail
Property Size 17,819 SF
Lot Size 1.02 Acre
Property Tenancy Single Tenant
Year Built 1989
Year Renovated 2014
Date Updated May 13, 2026

Description

Mid-America Real Estate Wisconsin is pleased to present the opportunity to acquire the Meriter Hospital Clinic located at 1414 S Park Street in Madison, Wisconsin. The property is leased to Meriter Hospital, Inc., operating within the UnityPoint Health system, and serves as an established outpatient medical facility supporting the surrounding healthcare network. Strategically positioned along South Park Street just south of Downtown Madison, the property benefits from strong visibility, consistent daily traffic, and proximity to major employment drivers including UnityPoint Health Meriter Hospital and the University of Wisconsin–Madison. The building currently supports both outpatient medical services and hospital operational functions, creating a highly functional facility for the tenant. The asset presents investors with the opportunity to acquire a well maintained medical property in Madison’s urban core, located along a corridor experiencing ongoing redevelopment and residential growth. The property also offers potential long term land value given its location along one of Madison’s primary north south commercial corridors.

Highlights

Below Replacement Cost Opportunity – Offered at a basis below today’s medical construction replacement cost.
Covered Land Play Along Redeveloping Corridor – Investors control a well located parcel along South Park Street, an area experiencing ongoing redevelopment and multifamily growth.
Operational Support Facility – The property is utilized for both outpatient medical services and hospital equipment storage, allowing the tenant to efficiently support operations at the nearby hospital campus.
Prime Infill Madison Location – Positioned along South Park Street just south of Downtown Madison within a dense urban trade area.
Proximity to Meriter Hospital Campus – Located less than one mile from the 448 bed UnityPoint Health Meriter Hospital, supporting the tenant’s broader healthcare network.
Proximity to University of Wisconsin–Madison – Located approximately 1.5 miles from UW–Madison, one of the nation’s largest public universities with more than 47,000 students.
Recent Capital Improvements – Ownership has completed multiple recent improvements including roof work, mechanical upgrades, and exterior improvements.
UnityPoint Health Affiliate Tenant – Leased to Meriter Hospital, Inc., operating within the UnityPoint Health healthcare system.