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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

43 Towne Way Madison, WI 53704

125,800 SF 14 ac lot
Property ID
Property summary
AI-generated overview

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
Verified
Property type Retail properties & Spaces
Total area 125,800 SF
Lot 14 ac (609,840 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • OcuFocus Ophthalmologist (Bike/Boat/Book/etc) Store
  • Cole National Corporation Ophthalmologist (Bike/Boat/Book/etc) Store
  • Sears Appliance Repair Home Appliance Store
  • Sears Department Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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