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    421 S Park St Madison, WI 53715

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    For Lease
    $24 SF/Yr ($9,810 /Mo)

    Retail and office spaces with cooler and signage opportunity.

    Property size:
    4,905 SF
    Lot size:
    0.21 Acres

    Property Features for 421 S Park St

    General Information

    Size
    4,905 SF
    Lot size
    0.21 Acres

    Source: Colliers - Madison Agent Chris Richards

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

    Overview

    Retail/Office Space in Downtown Madison

    This property offers both retail and office spaces, with 3,525 square feet dedicated to retail and 1,380 square feet for office use, totaling 4,905 square feet. A cooler is already in place. The location provides a phenomenal signage opportunity in a great downtown setting. The owner is installing a new exterior on the Park Street and Drake Street frontage, with completion expected in the Summer of 2025. Street parking is available. This property is suitable for retail, medical, and service businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    George's Flowers Inc. Florist

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store 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
    -89.400431
    Latitude
    43.0623528

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    FAQs

    What type of property is this?
    Retail space - Retail and office spaces with cooler and signage opportunity.
    Where is this retail space located?
    The property is located at 421 S Park St Madison, WI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Phenomenal signage opportunity – great downtown location.; - New exterior being installed on Park Street & Drake Street frontage (completion Summer 2025).; - Retail Space – **3,525 SF**.
    (608) 628-5895
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    421 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
    421 S Park St Madison, WI 53715
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