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    405 S Park St Madison, WI 53715

    Sponsored
    For Sale
    $799,000

    Retail - Madison, WI

    Type:Retail
    Days on Market:
    21
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 405 S Park St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    TSS
    APN
    070923313020
    Parking features
    Paved or Surfaced

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Building materials
    Other
    Roof type
    Composition, Flat, Other
    Architectural style
    Other

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

    Listing agent Jim Stopple (608) 251-8777

    Listing date Dec 17, 2025

    MLS# 2013796 Listing URL

    Copyright © 2026 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 lot features two parcels totaling 9,499 square feet, zoned TSS, and located at the intersection of W. Washington Ave and S. Park St. The property at 845 Vilas Ave, formerly a city water well building with driveway access from Vilas Ave, could be demolished to create additional parking or for new construction, subject to city approval. The property at 405 S. Park St. is a free-standing commercial building that is currently leased out at $2,300 per month, with the lease expiring on December 31, 2026. The commercial building includes on-site parking. Additional income is generated from a billboard leased to Adams Outdoor Advertising, providing $9,600 annually. This location, situated just one mile from downtown and the UW Campus, is suitable for business occupancy or continued leasing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Madison Pantry + Vape Smoke Shop Unbank Bitcoin ATM Atm Rapid & PCR Testing ... Medical Laboratory Free Rapid Testing ... Medical Laboratory FREE Rapid & PCR ... Business Center

    Suggested Use

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

    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?
    Retail space - Two-parcel mixed-use lot with leased commercial building and parking.
    Where is this retail space located?
    The property is located at 405 S Park St Madison, WI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of W. Washington Ave and S. Park St, just 1 mile from downtown and the UW Campus.; - Mixed-use lot zoned TSS with redevelopment potential (subject to city approval).; - Existing commercial building (405 S. Park St.) generates $2,300/month in rental income (lease expires 12/31/2026).
    (608) 268-4912
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    405 S Park St Madison, WI 53715
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    Madison, WI 53715
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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 S Park St Madison, WI 53715
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