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    1602 S Park St Madison, WI 53715

    For Sale
    $6,000,000

    Redevelopment opportunity in the Park Street gateway.

    Property size:
    24,340 SF
    Lot size:
    3.24 Acres

    Property Features for 1602 S Park St

    General Information

    Size
    24,340 SF
    Lot size
    3.24 Acres

    Source: Oakbrook Corporation Agent Chris Caulum, SIOR, CCIM

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

    Overview

    Redevelopment Opportunity Near Downtown Madison

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United Food & Commercial ... Labor Union Madison Labor Temple Non-Profit Organization Unemployment Compensation Legal Services Building and Construction Trades ... Labor Union Worker Justice Wisconsin Social Services Organization

    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
    -89.3948814
    Latitude
    43.0500649

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    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.
    (608) 444-1911
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    1602 S Park St 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
    1602 S Park St Madison, WI 53715
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