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    405-413 S Park St Madison, WI 53715

    For Sale
    $1,200,000

    Retail,Apartment building,Vacant land,Other - Madison, WI

    Type:Apartment
    Days on Market:
    73
    Last Refresh:
    Dec 14 at 9:06 pm

    Property Features for 405-413 S Park St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    TSS
    APN
    070923313020

    Utilities

    Heating system
    Forced Air

    Building Details

    Building materials
    Other
    Roof type
    Other
    Architectural style
    Other

    Madison Property Management, Inc. (608) 268-4912 [email protected]

    Listing agent Jim Stopple (608) 251-8777

    Listing date Oct 3, 2025

    MLS# 2007778 Listing URL

    Copyright © 2025 South Central Wisconsin MLS Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Lot in Madison, WI

    This mixed-use property comprises three parcels totaling 14,262 square feet and is zoned TSS. The property at 405 S. Park St. features a free-standing commercial building with on-site parking and income from a billboard leased to Adams Outdoor Advertising. The property at 413 S. Park St. is currently leased as a 5-bedroom apartment. The property at 845 Vilas Ave. was previously a city water well building with driveway access from Vilas Ave. Redevelopment possibilities exist, subject to city approval, with views of Lake Monona. The location is approximately one mile from downtown Madison and the University of Wisconsin campus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.400378
    Latitude
    43.062692

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with redevelopment potential near downtown and UW Campus.
    Where is this mixed-use property located?
    The property is located at 405-413 S Park St Madison, WI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Large 14,262 sq.ft. mixed-use lot zoned TSS.; - Excellent location: Just 1 mile from downtown and UW Campus.; - Income potential from billboard with Adams Outdoor Advertising.
    (608) 251-8777
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405-413 S Park St Madison, WI 53715
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