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    521 State St Madison, WI 53703

    Sponsored
    For Sale
    $5,000,000

    Prime Downtown Madison Retail Space - $5M

    Property size:
    3,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 521 State Street in the heart of Madison, Wisconsin, presents a unique investment opportunity. The property boasts a total gross floor area of 4,059 square feet, strategically divided into a 1,349 square foot first floor and a 1,345 square foot second floor, perfect for a variety of retail uses. Currently zoned DC - Downtown Core, this allows for a wide range of commercial possibilities. The asking price is $5,000,000, translating to $1,515.15 per square foot. The property sits on a 3,300 square foot lot, offering excellent visibility and accessibility in this high-traffic area. The property's location in the vibrant downtown core of Madison ensures high foot traffic and exposure to a dense population. The property's APN numbers are 0709-232-0205-9, 0709-232-02-6-7, 0709-232-0221-5, and 0709-232-0220-7. This prime location, combined with the flexible floor plan and desirable zoning, makes this an ideal investment for discerning buyers seeking a strong return in a thriving market. The property's size and location make it an attractive option for businesses seeking a prominent presence in Madison's bustling downtown. Don't miss this chance to acquire a piece of Madison's vibrant retail landscape.

    Property Features for 521 State St

    General Information

    Property type
    Retail properties
    Square Feet
    3,300 SF

    HighLights

    • 4,059 SF gross floor area.
    • 1,349 SF first floor.
    • 1,345 SF second floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3945182
    Latitude
    43.0746706

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    FAQs

    What type of property is this?
    Retail property - Prime Downtown Madison Retail Space - $5M
    Where is this retail property located?
    The property is located at 521 State St Madison, WI.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 4,059 SF gross floor area.; 1,349 SF first floor.; 1,345 SF second floor.
    Request Owner's contact information
    521 State St Madison, WI 53703
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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
    521 State St Madison, WI 53703
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