Highly Visible Two-Level Retail
For Sale
Contact for pricing
421 S Park St, Madison, WI 53715
Two-level building with updated exterior, flexible layout, and prominent signage with dedicated on-site parking.
Property Size4,905 SF
Price / SF$264.02
Days on Market18
Property Features for 421 S Park St
General Information
Standard status
Active
Size
4,905 SF
Property subtype
RETAIL
Building Details
Stories
2
Listing Agency:
Key Commercial Real Estate LLC
(608) 729-1800
Listed By:
Jenny Lisak
(608) 729-1800
Source:
Moodyscre
Added: Jul 14
Changed: Jul 27
Last Checked: Jul 30 at 9:58AM
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 Key Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
421 S. Park St is a highly visible two-level commercial building with a recently updated exterior. The property offers a flexible floor plan sized at 4,905 SF, designed to support a variety of retail, office, medical, or service uses. Dedicated on-site parking and prominent signage further support tenant visibility and day-to-day operations.
The building is positioned along a major gateway into Downtown Madison, with access that supports convenient trips to and from the core of the city. The property’s placement on one of the area’s busiest corridors is intended to benefit storefront and service traffic.
As presented, the configuration provides multiple levels within one building, which can support different operating layouts while keeping the overall site cohesive for customer access and building identity.
The building is positioned along a major gateway into Downtown Madison, with access that supports convenient trips to and from the core of the city. The property’s placement on one of the area’s busiest corridors is intended to benefit storefront and service traffic.
As presented, the configuration provides multiple levels within one building, which can support different operating layouts while keeping the overall site cohesive for customer access and building identity.
Key Highlights
- 4,905 SF commercial building at 421 S. Park St with prominent signage along a busy downtown gateway corridor
- Two‑level, flexible floor plan suitable for retail, office, medical, or service users
- Dedicated on‑site parking available
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.9k | $21.60 |
| − Vacancy | −$5.7k | −$1.17 |
| EGI | $100.2k | $20.43 |
| − OpEx | −$30.1k | −$6.13 |
| NOI | $70.2k | $14.30 |
4,905 SF · lease $21.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.00M
$877.0K – $1.17M
NOI $70,159 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,297 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,266
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53715, WI
16,517
Population
5,640
Households
2.9
Avg Household Size
24
Median Age
66%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
12,705
Density / Sq Mi
$37,598
Median Household Income
$8,819
Median Earnings
$1,533
Median Rent
$436,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Choles Floral — 1135 Regent St, Madison, WI 53715
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- Daffodil Parker — 544 W Washington Ave, Madison, WI 53703
- Downtown Tropics — Madison, WI 53725
Frequently Asked Questions
What type of property is this?
Storefront property - Two-level building with updated exterior, flexible layout, and prominent signage with dedicated on-site parking.
Where is this storefront property located?
The property is located at 421 S Park St Madison, WI.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 4,905 SF commercial building at 421 S. Park St with prominent signage along a busy downtown gateway corridor; Two‑level, flexible floor plan suitable for retail, office, medical, or service users; Dedicated on‑site parking available
