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    803-805 N Main St Verona, WI 53593

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    For Sale
    $499,995

    Leased duplex on corner lot, perfect for redevelopment.

    Property size:
    4,640 SF
    Lot size:
    0.34 Acres

    Property Features for 803-805 N Main St

    General Information

    Size
    4,640 SF
    Lot size
    0.34 Acres

    Source: Altus Commercial Real Estate - Madison Agent Dan Roseliep

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

    Overview

    Verona Duplex Redevelopment Opportunity

    This duplex, situated on a corner lot, presents a redevelopment opportunity due to recent changes in Verona zoning rules. Currently, the property is a leased investment, allowing for immediate income while planning for future redevelopment. The zoning is Neighborhood Office. The duplex comprises one 3-bedroom apartment and one 2-bedroom apartment. Additional features include basement space and a lower-level 2-car garage. Each unit is equipped with a washer, dryer, and appliances. Tenants are responsible for covering the costs of water, sewer, gas, and heat. The property has a size of 4640 square feet. An adjoining 3.4-acre site at 841 N Main has been redeveloped into the 100-unit Oakmont Senior Housing.
    Location Intelligence

    Current Use by Public Records

    Office space

    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
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.53333
    Latitude
    42.99946

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    FAQs

    What type of property is this?
    Office space - Leased duplex on corner lot, perfect for redevelopment.
    Where is this office space located?
    The property is located at 803-805 N Main St Verona, WI.
    What is the asking price?
    The asking price for this property is $499,995.
    What are key features of this property?
    This property features: - Redevelopment potential due to Neighborhood Office zoning.; - Leased investment property provides immediate income.; - Corner lot location enhances redevelopment options.
    (608) 669-4646
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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
    803-805 N Main St Verona, WI 53593
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