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    203 Paterson St Madison, WI 53703

    For Lease
    $22 SF/Yr ($18,333 /Mo)

    Class A Office, Downtown Madison, WI

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A office space, located at 203 S. Paterson St. in Madison, WI, offers 6,240 contiguous square feet within a 10,000 square foot building. The property boasts 24-foot ceilings, creating a bright and airy atmosphere ideal for creative or traditional office uses. The space includes multiple conference/breakout rooms, nine to eleven private offices, five built-in workstations, and ample room for cubicles and collaborative work areas. High-speed internet access is ensured with two separate fiber providers. Additional features include a locked storage area, a secured server room with climate control, and a private outdoor deck overlooking a park. Building amenities include showers and ample parking (113 spaces). The building underwent renovations in 2013. This prime location in the East Madison Rail corridor, within the Wil-Mar/East Washington corridor submarket, places the property between the East Washington Ave business district and Williamson St., offering easy access to the Cap City bike path, McPike Park, and numerous amenities including The Sylvee, Breese Stevens Field, Festival Foods, and more. The property is situated in Madison's rapidly growing office community and is within walking distance of the Capitol Square. This is a rare opportunity to lease a substantial, well-appointed office space in a highly desirable location.

    Property Features for 203 Paterson St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Class
    A
    Total Rate
    18333.33

    Building Details

    Year Renovated
    2013

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,240 SF
    Rate per SF
    $26

    HighLights

    • Private showers available.
    • Free parking for tenants.
    • Park‑adjacent location.
    • Private deck.
    • Private building entrance.
    • Excellent location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wisconsin Democracy Campaign Non-Profit Organization CODAworx Arts Organization Madison Conservatory Music Conservatory SunVest Solar, LLC Solar Energy Company Maydm Inc. Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.37086459
    Latitude
    43.08037371

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    FAQs

    What type of property is this?
    Office space - Class A Office, Downtown Madison, WI
    Where is this office space located?
    The property is located at 203 Paterson St Madison, WI.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Private showers available.; Free parking for tenants.; Park-adjacent location.
    Request Owner's contact information
    203 Paterson St 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
    203 Paterson St Madison, WI 53703
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