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    1 Main St Madison, WI 53703

    Sponsored
    For Lease
    $14 SF/Yr

    Historic downtown Madison office building, multiple suites available.

    Lot size:
    58,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    One West Main Street, a magnificent seven-story building constructed in 1917, presents a unique opportunity in the heart of Madison's vibrant Capitol Square. This historic landmark offers breathtaking views of the State Capitol and Lake Monona. The property boasts 58,992 square feet of total building space, with multiple tenancy options available. Individual suites range from a minimum of 8,155 square feet to a maximum contiguous space of 8,177 square feet, with a significant 16,332 square feet currently vacant. The building features three elevators – both passenger and freight – ensuring efficient movement throughout the seven floors. Parking is conveniently provided with 13-14 spaces. Its prime location directly on major bus routes, with a stop right outside, provides exceptional accessibility. Surrounded by a wealth of restaurants, cafes, and hotels, this property offers unparalleled convenience and prestige in the bustling downtown Madison commercial district. The building's rich history and modern amenities combine to create an exceptional workspace in a highly desirable location within Dane County, Wisconsin. This is a rare opportunity to secure office space in a landmark building in the heart of Madison, WI, zip code 53703.

    Property Features for 1 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,992 SF
    Total Rate
    68824

    Building Details

    Stories
    7

    Unit(s) available at that property

    Space
    Suite 500
    Size
    8,155 SF
    Rate per SF
    $14
    Space
    Suite 300
    Size
    7,803 SF
    Rate per SF
    $14
    Space
    Suite 400
    Size
    8,440 SF
    Rate per SF
    $14

    HighLights

    • Secure on‑site parking available.
    • Two passenger elevators and one freight elevator.
    • Professionally managed building.
    • Existing furniture available for purchase/negotiation.
    • High‑speed fiber optic internet access.
    Property Profile Location Intelligence

    Current Use by Public Records

    BMO Harris Bank ... Mortgage Lender Wisconsin Credit Union ... Credit Union Orange Shoe Personal ... Gym ATM (BMO Harris ... Atm Barber Eric General Practice Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -89.38325739
    Latitude
    43.07382277

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    FAQs

    What type of property is this?
    Office Property / Space - Historic downtown Madison office building, multiple suites available.
    Where is this office property / space located?
    The property is located at 1 Main St Madison, WI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Secure on-site parking available.; Two passenger elevators and one freight elevator.; Professionally managed building.
    Request Owner's contact information
    1 Main 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
    1 Main St Madison, WI 53703
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