Property summary
This exceptional redevelopment opportunity presents a prime 14-acre site in Madison, Wisconsin, encompassing a substantial 125,800-square-foot building. Located at 43 E Towne Way, 53704, in Dane County, this property is situated within a thriving regional trade area, offering significant potential for a variety of uses. Currently vacant, the single-story building presents a blank canvas for ambitious projects. The asking price is $3,900,000, translating to a price per square foot of $31. The property's mixed-use zoning allows for diverse development options, including retail, multi-family residential, medical facilities, or flexible workspace. Its expansive size and strategic location within the East Towne Mall area provide unparalleled visibility and accessibility. This is a rare chance to acquire a large-scale property in a dynamic market, poised for significant value appreciation. The property's former use as a department store provides a solid foundation for a variety of redevelopment scenarios, catering to the evolving needs of the Madison community. Investors seeking a high-impact project with substantial upside potential will find this offering particularly compelling. The 14-acre lot offers ample space for expansion and additional development, further enhancing the property's long-term value. This is an opportunity to shape the future of a key location in Madison's retail landscape.
Property profile
VerifiedCap rate & NOI
Current use
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Ophthalmologist (Bike/Boat/Book/etc) Store
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Ophthalmologist (Bike/Boat/Book/etc) Store
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Home Appliance Store
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Department Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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