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    2503 Shopko Dr Madison, WI 53704

    Sponsored
    For Sale
    $1,500,000

    Prime East Side development opportunity. Three acres, zoned W PD.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional commercial land development opportunity in Madison, Wisconsin's desirable Northeast Corridor. This offering encompasses two adjacent 1.5-acre parcels totaling 3 acres, strategically located on Shopko Drive and accessible via Aberg Avenue. The property is zoned W PD and ideally situated within the City of Madison's Comprehensive Neighborhood Plan, presenting a unique chance to create a thriving neighborhood. The parcels, identified as #081031422033 and #081031422023, are situated on the north side of the bank. The asking price for both parcels is $1,500,000. This prime acreage presents a compelling investment prospect for developers seeking to capitalize on the area's growth potential and strong demand. The location offers convenient access to major thoroughfares, ensuring excellent visibility and accessibility for future developments. This is a rare opportunity to acquire a significant land holding in a highly sought-after Madison location. Don't miss this chance to shape the future of this vibrant community. The property is located at 2503 and 2401 Shopko Dr, Madison, WI 53704.

    Property Features for 2503 Shopko Dr

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 asking price for two adjacent commercial land parcels.
    • 3 acres of commercial land in Madison, WI's Northeast Corridor.
    • Zoned W PD and included in the City of Madison's Comprehensive Neighborhood Plan.
    • Convenient access from Shopko Drive.
    • Parcels located on the north side of the bank, accessible via Aberg Ave. and Shopko Dr.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -89.350412
    Latitude
    43.111481

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    FAQs

    What type of property is this?
    Land - Prime East Side development opportunity. Three acres, zoned W PD.
    Where is this land located?
    The property is located at 2503 Shopko Dr Madison, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for two adjacent commercial land parcels.; 3 acres of commercial land in Madison, WI's Northeast Corridor.; Zoned W PD and included in the City of Madison's Comprehensive Neighborhood Plan.
    Request Owner's contact information
    2503 Shopko Dr Madison, WI 53704
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    Madison, WI 53704
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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
    2503 Shopko Dr Madison, WI 53704
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