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Industrial Space on Helgesen Drive
For Lease
$8 SF/Yr NNN

4515 Helgesen Drive, Madison, WI 53718

6,000 SF industrial space for lease in Madison, WI.

Space SizeContact for details
Days on Market274

Property Features for 4515 Helgesen Drive

General Information

Standard status Active
Property subtype Industrial
Listing Agency: CBRE - Madison
Listed By: Chase Brieman · License #54278
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 23 Last Checked: Aug 22 at 9:36AM

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 CBRE - Madison

Investment Insights

Based on property information with market context.

This 6,000 SF industrial space, located at 4515 Helgesen Drive in Madison, WI, is available for lease. The building features approximately 2,000 SF of office space and is zoned IL (Industrial Limited), making it suitable for light manufacturing, distribution, or service-oriented operations. It includes two drive-in doors and an approximate 16’ clear ceiling height. The property is equipped with two 200-amp, 3-phase electrical services. The location provides easy access to Highway 51/ Stoughton Road and the Interstate System, situated just off Highway 51/Stoughton Road and Pflaum Road on Madison’s East Side. The base rent is $4,000/month NNN ($8.00/SF/year), with estimated NNN expenses of $800/month ($1.60/SF/year) for 2026.

Key Highlights

  • Excellent location with easy access to Highway 51/Stoughton Road and the Interstate System on Madison’s East Side.
  • 6,000 SF industrial space suitable for light manufacturing, distribution, or service‑oriented operations.
  • Includes approximately 2,000 SF of office space.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

838
Businesses Nearby
Under-served
Demand for This Use

Demographics for 53718, WI

17,034
Population
8,408
Households
2
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
819
Density / Sq Mi
$94,899
Median Household Income
$60,518
Median Earnings
$1,606
Median Rent
$328,500
Median Home Value

Market

Lease Benchmarks for Madison, WI

$25.31 /SF/Yr
Avg Asking Price
$4.62–$84 /SF/Yr
Price Range
11,202 SF
Avg Space Size

This space is priced 68% below the average of $25.31 /SF/Yr.

Vacancy Rate% for Industrial in Madison, WI

1.5% 2022
2.9% 2023
2.8% 2024
2.1% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - 6,000 SF industrial space for lease in Madison, WI.
Where is this flex space located?
The property is located at 4515 Helgesen Drive Madison, WI.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Excellent location with easy access to Highway 51/Stoughton Road and the Interstate System on Madison’s East Side.; 6,000 SF industrial space suitable for light manufacturing, distribution, or service‑oriented operations.; Includes approximately 2,000 SF of office space.
More about this property
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