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Property profile & analytics
OFF-MARKET Estimated value $2,550,000
Office buildings

1 Main St Madison, WI 53703-3373

13,000 SF 0.46 ac lot Built 1987
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-1240796
Property summary
AI-generated overview

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 profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1987
Total area 13,000 SF
Lot 0.46 ac (20,170 SF)
Zoning code PD
APN 0709-242-0404-6
UPID US92-1240796
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
  • BMO Harris Bank Mortgage Loan Service Bank
  • Wisconsin Credit Union League Credit Union
  • Orange Shoe Personal Fitness Trainers - Madison Downtown Gym & Fitness Center
  • ATM (BMO Harris Bank) Atm
  • Barber Eric Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$2.55M
Owner & transaction history
One East Main Associates LP · 9 yrs held
One East Main Associates LP
since 2017
4 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PD · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Planned Development zoning is site-specific zoning, where specific use and development requirements are written for each individual PD zone. Conventional zoning districts are districts whose rules are wholly within the City’s zoning code. Conventional zoning districts may be mapped and used in various areas throughout the city. Public Information Meetings Th…

Zone name Planned Development District
General category PLANNED_DEVELOPMENT
Zone area 4,588.13 ac
Top alternative use upside
Auto repair, garage $3.7M +21.9%
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