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    OFF-MARKET
    Commercial real estate

    2230 Pennsylvania Ave, Madison, WI 53704

    1.1 ac lot
    Entity Owned 2-yr Hold
    Property ID
    US92-0907546
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.1 ac (47,916 SF)
    UPID US92-0907546
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Madison Square Storage LLC · 2 yrs held
    Madison Square Storage LLC
    since 2023
    1 recorded transaction
    2023
    $1.3M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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