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    43 Towne Way Madison, WI 53704

    Sponsored
    For Sale
    $3,900,000

    14-Acre Site, 125,800 SF, $3.9M

    Property size:
    125,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a prime 14-acre site in Madison, Wisconsin, encompassing a substantial 125,800-square-foot building. Located at 43 E Towne Way, 53704, in Dane County, this property is situated within a thriving regional trade area, offering significant potential for a variety of uses. Currently vacant, the single-story building presents a blank canvas for ambitious projects. The asking price is $3,900,000, translating to a price per square foot of $31. The property's mixed-use zoning allows for diverse development options, including retail, multi-family residential, medical facilities, or flexible workspace. Its expansive size and strategic location within the East Towne Mall area provide unparalleled visibility and accessibility. This is a rare chance to acquire a large-scale property in a dynamic market, poised for significant value appreciation. The property's former use as a department store provides a solid foundation for a variety of redevelopment scenarios, catering to the evolving needs of the Madison community. Investors seeking a high-impact project with substantial upside potential will find this offering particularly compelling. The 14-acre lot offers ample space for expansion and additional development, further enhancing the property's long-term value. This is an opportunity to shape the future of a key location in Madison's retail landscape.

    Property Features for 43 Towne Way

    General Information

    Property type
    Self storage facilities
    Square Feet
    125,800 SF
    Lot Size
    609,840 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 14‑acre redevelopment opportunity in Madison, WI.
    • 125,800‑square‑foot vacant building at 43 E Towne Way, 53704.
    • $3,900,000 asking price ($31/SF).
    • Mixed‑use zoning allows for retail, multi‑family, medical, or flexible workspace.
    • Prime location in the East Towne Mall area offers high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    OcuFocus Optician Cole National Corporation Optician Sears Appliance Repair Appliance Repair Service Sears Department Store

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -89.3065682
    Latitude
    43.1239498

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    FAQs

    What type of property is this?
    Self storage facility - 14-Acre Site, 125,800 SF, $3.9M
    Where is this self storage facility located?
    The property is located at 43 Towne Way Madison, WI.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 14-acre redevelopment opportunity in Madison, WI.; 125,800-square-foot vacant building at 43 E Towne Way, 53704.; $3,900,000 asking price ($31/SF).
    Request Owner's contact information
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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
    43 Towne Way Madison, WI 53704
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