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Freestanding Retail Building on 4.95 Acres
For Lease
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Whitney Way and Tokay Blvd, Madison, WI

66,681 SF retail building with excellent access and visibility.

Space SizeContact for details
Days on Market271

Property Features for Whitney Way and Tokay Blvd

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Milwaukee
Listed By: Peter Glaser · License #WI50121-94
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 19 at 5:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Milwaukee

Investment Insights

Based on property information with market context.

This freestanding building offers 66,681 square feet of retail space on a 4.95-acre lot. Located at the southwest corner of Whitney Way and Tokay Boulevard in southwestern Madison, Wisconsin, the property provides excellent access and visibility to the Beltline Highway. The building features ceiling heights of 22 feet to the deck and 19 feet 8 inches to the truss. Zoning is C-2 Commercial. Parking is available with approximately 230 stalls. Signage opportunities include a pylon sign panel on Whitney Way and Tokay Boulevard. The location is just south of University Research Park and north of HyVee, TJ Maxx, Office Depot, Sierra Trading, and Five Below. Traffic counts are 23,450 vehicles per day on Whitney Way and 5,700 vehicles per day on Tokay Boulevard.

Key Highlights

  • Freestanding building offering 66,681 SF of available space.
  • Excellent access and visibility to the Beltline Highway.
  • Located on the SWC of Whitney Way and Tokay Blvd in Southwestern Madison, Wisconsin.

Property Analytics

Current Use

Retail space

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

130
Businesses Nearby

Market

Lease Benchmarks for Madison, WI

$17.98 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
12,697 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - 66,681 SF retail building with excellent access and visibility.
Where is this retail space located?
The property is located at Whitney Way and Tokay Blvd Madison, WI.
What are key features of this property?
This property features: Freestanding building offering 66,681 SF of available space.; Excellent access and visibility to the Beltline Highway.; Located on the SWC of Whitney Way and Tokay Blvd in Southwestern Madison, Wisconsin.
More about this property
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