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    551 W Main St Madison, WI 53703

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    For Sale
    $3,500,000

    Two adjacent parcels with office building and parking lot.

    Property size:
    10,512 SF
    Lot size:
    0.35 Acres

    Property Features for 551 W Main St

    General Information

    Size
    10,512 SF
    Lot size
    0.35 Acres

    Source: Delta Properties Agent Judy Bennett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Office Building with Parking

    Located at the corner of W. Main and S. Bedford Streets, this property features two adjacent parcels available for sale. Situated just two blocks from the Kohl Center and five blocks from the Capitol Square, the property includes a renovated two-story office building and a 32-stall surface parking lot. The office building, located at 551 W. Main, offers two full-floor suites and is currently occupied by a single tenant. The gross building size is 10,512 square feet, with 3,504 square feet per level, including the basement. The lot size for the office building is 6,225 square feet (47.16' x 132'), with an acreage of 0.14. The zoning is UMX. The parking lot, located at 545 W. Main, features 32 stalls. The lot size is 9,021 square feet (68.34' x 132'), with an acreage of 0.21. The zoning is DR-2. This property is suitable for owner-occupants, investors, or future redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HealthX Ventures Venture Capital Company Powered Green - Renewable ... Computer Store ImageMoverMD Corporate Office NVNG Investment Advisors, ... Venture Capital Company Slot Check Software Company

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center 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
    -89.3909201
    Latitude
    43.0679281

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    FAQs

    What type of property is this?
    Office building - Two adjacent parcels with office building and parking lot.
    Where is this office building located?
    The property is located at 551 W Main St Madison, WI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Prime Location: Corner lot on W. Main and S. Bedford, near Kohl Center and Capitol Square.; - Two Parcels Included: Features both an office building and a 32-stall parking lot.; - Income Potential: Renovated two-story office building with a current tenant.
    (608) 251-3337
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    551 W Main St Madison, WI 53703
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    Madison, WI 53703
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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
    551 W Main St Madison, WI 53703
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