1602 S Park St, Madison, WI

Listing agent Chris Caulum, SIOR Show Phone

Listing office Oakbrook Corporation Show Phone

Listing date Jan 28, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Oakbrook Corporation

Report an issue

---

Overview

This property offers a redevelopment opportunity within the Park Street gateway to Downtown Madison. The surrounding area has undergone significant redevelopment, including healthcare facilities such as SSM and UW out-patient clinics, market-rate and affordable apartments like The Sofia, Peleton Residences, and Park Cedar Apartments, Class A office space in The Hub, retail spaces including a future grocery store and a new Starbucks, and community organizations such as Centro Hispano and the Center for Black Excellence. The property has a size of 24340 square feet.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

• Map
• Local Demand

City

Madison

County

Dane

State

Wisconsin

Longitude

-89.3949

Latitude

43.0501

Nearby Similar for Sale

• 

  $1,299,000

  Modern Flex Industrial Building

  Versatile flex space with finished offices, overhead doors, and ample parking in a highly accessible Madison corridor.

  1225 Greenway Cross, Madison, WI 53713

  View Details
• 

  $1,400,000

  Turnkey Supper Club Restaurant Building

  Freestanding corner restaurant with onsite parking, monument signage, and included equipment—ideal for owner-operator or investment.

  1025 N Sherman Avenue, Madison, WI 53704

  View Details
• 

  $525,000

  Turn-Key Restaurant with Finished Basement

  Turn-key restaurant with included equipment and furniture, plus a finished basement suitable for expanded dining or events.

  2705 W Beltline Highway, Madison, WI 53713

  View Details
• 

  $699,900

  Multi-Use Restaurant and Retail Building

  Flexible commercial building with multiple entrances, kitchen, office space, and ample parking for a range of uses.

  2440 Perry Street, Madison, WI 53713

  View Details
• 

  $1,200,000

  5,880 SF

  6626 Watts Rd, Madison, WI

  West Madison location with flexible HC zoning and redevelopment potential.

  6626 Watts Rd, Madison, WI 53719

  View Details
• 

  $7,500,000

  Nearly New Mixed-Use Building

  2019-built mixed-use building currently configured for restaurant, daycare, and office uses with 64 underground parking stalls.

  2801 Marshall Court, Madison, WI 53705

  View Details
• 

  $720,000

  Side-by-Side Two-Story Duplex

  Updated duplex with a fresh lease on one side and strong combined rental income potential.

  2309/2311 McKenna Boulevard, Madison, WI 53711

  View Details
• 

  $1,600,000

  Historic Office Building in Madison

  Charming office building in downtown Madison near Lake Mendota.

  401 Wisconsin Avenue, Madison, WI 53703

  View Details
• 

  $1,099,900

  Stabilized 7-Unit Townhouse Apartment

  Well-maintained 7-unit building with long-term tenants, shared basement laundry, and rent upside through targeted repricing.

  3712-3724 Lien Road, Madison, WI 53704

  View Details
• 

  $595,000

  Two-Unit Duplex in Walkable Neighborhood

  Character-rich two-flat with updated kitchens, shared basement laundry, and porches in a highly walkable area.

  307 S Baldwin Street, Madison, WI 53703

  View Details
• 

  $949,900

  Side-by-Side Duplex Investment

  Well-maintained side-by-side duplex with updated kitchens, private decks, and walkout lower levels on an oversized corner lot.

  1002-1004 Severson Drive, Madison, WI 53718

  View Details
• 

  $1,345,000

  Turn-Key 3-Unit Residential Income

  Three leased units with full kitchens, decks, and on-site parking provide an income-focused downtown Madison investment.

  554 W Mifflin Street, Madison, WI 53703

  View Details

FAQs

What type of property is this?

Office building - Redevelopment opportunity in the Park Street gateway.

Where is this office building located?

The property is located at 1602 S Park St Madison, WI.

What is the asking price?

The asking price for this property is $6,000,000.

What are key features of this property?

This property features: Excellent opportunity for redevelopment.; Located within the Park Street gateway to Downtown Madison.; Major redevelopment already occurred in the area.