2230 Pennsylvania Ave, Madison, WI 53704
This exceptional 1.1-acre industrial land parcel is situated at 2230 Pennsylvania Avenue in Madison, Wisconsin, within Dane County (zip code 53704). Currently zoned IL, this property offers significant potential for various industrial uses. The lot boasts a desirable quadrangular shape with a favorable frontage-to-depth ratio, making it highly functional for development or continued use as a storage yard. The site is primarily enclosed by a six-foot chain-link fence, enhancing security. All essential utilities are readily available, including water, sewer, gas, and electricity. Street improvements consist of a concrete street surface, concrete curb, and metal gutter. While a sidewalk is absent, the existing infrastructure provides convenient access. A unique feature of this property is the inclusion of a perpetual easement granting an additional 12,000 square feet of usable land for equipment and/or vehicle storage. This easement is subject to restrictions prohibiting construction or excavation. The property is located at the north end of a larger 2.67-acre lot. This 1.1-acre parcel presents a compelling opportunity for businesses seeking a well-located, functional industrial site in Madison, Wisconsin. The asking price for this exceptional property is $600,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.