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    2401 Shopko Dr Madison, WI 53704

    For Sale
    $1,500,000

    Prime 3-acre site, ideal for development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Madison's thriving Northeast Corridor. Comprising two adjacent 1.5-acre lots, this property is offered at $1,500,000 and is zoned W PD, aligning perfectly with the City of Madison's Comprehensive Neighborhood Plan. The site boasts convenient access from Shopko Drive, ensuring excellent visibility and accessibility for any future development. Its expansive size provides ample space for a variety of commercial projects, making it an attractive proposition for developers seeking a strategic location within a rapidly growing area. The property's zoning designation allows for a wide range of potential uses, subject to city approvals. Given its prime location and development-ready status, this property represents a compelling investment opportunity with significant potential for future appreciation. The combined acreage offers flexibility in design and development, catering to diverse commercial needs. Interested parties are encouraged to conduct their own due diligence to confirm zoning regulations and development possibilities. This is a rare chance to acquire a substantial land holding in a desirable Madison location. The property's inclusion in the City's Comprehensive Neighborhood Plan further underscores its potential for long-term growth and value.

    Property Features for 2401 Shopko Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    130,680 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    DANE
    State
    Wisconsin
    Longitude
    -89.3504
    Latitude
    43.11148

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 3-acre site, ideal for development.
    Where is this commercial real estate located?
    The property is located at 2401 Shopko Dr Madison, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (608) 356-0120
    Request Owner's contact information
    2401 Shopko Dr Madison, WI 53704
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    Madison, WI 53704
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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
    2401 Shopko Dr Madison, WI 53704
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