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    121 State St Madison, WI 53703

    Sponsored
    For Lease
    $32 SF/Yr

    Modern Office Space, High Visibility, 1746 sq ft

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,746 square foot traditional office suite, located at 121 State Street in Madison, Wisconsin, presents a unique opportunity for businesses seeking a high-profile presence. Situated within a Class B building constructed in 2015, this single-tenant space boasts a highly desirable location with significant street visibility and direct access to the Capital-facing sidewalk. The entire building encompasses 30,000 square feet, offering ample space and potential for future expansion within the building. The suite is ideally suited for a variety of businesses, benefiting from its modern design and prime location in the heart of Madison's vibrant commercial district. The property's zip code is 53703. This is a retail and office space, specifically categorized as a traditional office. The property's coordinates are latitude 43.0745803 and longitude -89.3876436. This is a single-tenant occupancy space, perfect for a business seeking a prominent and easily accessible location. The building's modern design and high visibility make this an exceptional opportunity for businesses looking to establish or expand their presence in Madison, Wisconsin. Don't miss this chance to secure a prime commercial space in a thriving urban environment.

    Property Features for 121 State St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Class
    B
    Total Rate
    80000

    Building Details

    Year Built
    2015

    Unit(s) available at that property

    Space
    Size
    1,746 SF
    Rate per SF
    $32

    HighLights

    • 1,746 SF traditional office suite in a 2015‑built Class B building at 121 State Street, Madison, WI 53703.
    • High‑profile location on State Street with excellent street visibility and Capitol views.
    • Single‑tenant occupancy with modern design and ample space for a variety of businesses.
    • Located in Madison's vibrant commercial district, near the Capitol Square, Overture Center, and other key attractions.
    • Building offers ADA accessibility and high‑ceiling storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3876436
    Latitude
    43.0745803

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Office Space, High Visibility, 1746 sq ft
    Where is this office property / space located?
    The property is located at 121 State St Madison, WI.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 1,746 SF traditional office suite in a 2015-built Class B building at 121 State Street, Madison, WI 53703.; High-profile location on State Street with excellent street visibility and Capitol views.; Single-tenant occupancy with modern design and ample space for a variety of businesses.
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    Madison, WI 53703
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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
    121 State St Madison, WI 53703
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