2180 Pennsylvania Ave Madison, WI 53704-4748
This exceptional 36,850-square-foot flex space at 2180 Pennsylvania Ave, Madison, WI 53704, is offered at $4,250,000. The property, a single-unit, Class C industrial building, boasts 108,768 square feet of net rentable area on a 108,768 square foot lot. Built in 1965 and renovated in 2009, it features a pre-engineered steel structure with concrete components, offering a 22-32' ceiling height. The building includes one loading dock, seventeen parking spaces, and is zoned for Industrial Limited use. Ideal for fleet/vehicle maintenance, warehousing, storage, or light manufacturing, this property benefits from a vehicular and pedestrian easement over adjacent land, providing potential for an additional access point beyond the primary Pennsylvania Ave entrance. The property's layout includes three drive-thru bays, a wash bay, and a storage wing with drive-thru bay and recessed dock. This owner-user investment opportunity presents a unique blend of functionality and location in a thriving Madison market. The property is a NNN lease type.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IL · Madison, WIMadison. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.