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    251 Progress Way Waunakee, WI 53597

    For Sale
    $646,866

    3-Acre Commercial Lot, Light Industrial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3-acre commercial lot, located at 251 Progress Way in Waunakee, Wisconsin, presents a unique opportunity for development. Priced at $646,866 ($4.95/SF), this fully improved land boasts a prime location within the Waunakee Business Park, offering excellent visibility along Highway 19, with traffic counts exceeding 15,100 vehicles daily. The property is zoned for Light Industrial use and has the potential for a significant development, as evidenced by a previous plan allowing for a 31,000 square foot building plus two additional 6,000 square foot structures. Its strategic location provides convenient access to both east and west Madison, with only a 4.5-mile distance to the interstate and 12 miles to the state capitol. The neighboring building is a premier office space, further enhancing the desirability of this location. This site is ideal for an office building or corporate headquarters, offering a blend of accessibility, visibility, and development potential in a thriving business park. The property's address is 251 Progress Way, Waunakee, WI 53597, within Dane County.

    Property Features for 251 Progress Way

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • $4.95 PSF asking price.
    • 3‑acre site.
    • Light Industrial zoning.
    • Improved land parcel.
    • Situated in Waunakee Business Park.
    • High‑visibility Hwy 19 frontage with 15,100 daily traffic counts.
    Property Profile Insight Report 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
    Waunakee
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4330646
    Latitude
    43.1910977

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    FAQs

    What type of property is this?
    Land - 3-Acre Commercial Lot, Light Industrial Zoning
    Where is this land located?
    The property is located at 251 Progress Way Waunakee, WI.
    What is the asking price?
    The asking price for this property is $646,866.
    What are key features of this property?
    This property features: $4.95 PSF asking price.; 3-acre site.; Light Industrial zoning.
    Request Owner's contact information
    251 Progress Way Waunakee, WI 53597
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    Waunakee, WI 53597
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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
    251 Progress Way Waunakee, WI 53597
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