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2401 Shopko Dr Madison, WI 53704

OFF-MARKET Commercial real estate Google Maps
3 ac lot
Individually Owned 8-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US92-1055856

Property summary

AI-generated overview

This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Madison's thriving Northeast Corridor. Comprising two adjacent 1.5-acre lots, this property is offered at $1,500,000 and is zoned W PD, aligning perfectly with the City of Madison's Comprehensive Neighborhood Plan. The site boasts convenient access from Shopko Drive, ensuring excellent visibility and accessibility for any future development. Its expansive size provides ample space for a variety of commercial projects, making it an attractive proposition for developers seeking a strategic location within a rapidly growing area. The property's zoning designation allows for a wide range of potential uses, subject to city approvals. Given its prime location and development-ready status, this property represents a compelling investment opportunity with significant potential for future appreciation. The combined acreage offers flexibility in design and development, catering to diverse commercial needs. Interested parties are encouraged to conduct their own due diligence to confirm zoning regulations and development possibilities. This is a rare chance to acquire a substantial land holding in a desirable Madison location. The property's inclusion in the City's Comprehensive Neighborhood Plan further underscores its potential for long-term growth and value.

Property profile

Verified
Property type Commercial real estate
Lot 3 ac (130,680 SF)
UPID US92-1055856

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2017
Price N/A
2017
$2.7M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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