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    Property profile & analytics
    OFF-MARKET Estimated value $895,000
    Office buildings

    2423 American Ln, Madison, WI 53704-3138

    7,360 SF 0.01 ac lot Built 1981
    Entity Owned Free & Clear
    Property ID
    US92-0858349
    Property summary
    AI-generated overview

    This single-story, 3,033-square-foot executive office building at 2423 American Ln, Madison, WI 53704, presents a unique investment opportunity. Built in 1981, the property is situated on a land lease and offers significant flexibility. The building's zoning is commercial ("com"), and its Dane County APN is 0810-304-0199-7. Currently vacant, the entire 3,033 square feet is available for immediate occupancy. The property is ideally suited for owner-occupants seeking a headquarters or investors looking for a multi-unit rental property. The building could be easily subdivided into 3-5 rentable units, providing diverse income streams. Ample parking is available, with a capacity of 36-55 spaces. The property benefits from a prime business location in Madison, Wisconsin. Recent improvements include planned cleanup of branches and trees at the rear of the property. A recent appraisal has been conducted, and the property is priced to sell. This is a rare opportunity to acquire a versatile and well-located office building in a thriving market.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING (MULTI-STORY)
    Year built 1981
    Total area 7,360 SF
    Lot 0.01 ac (436 SF)
    Zoning code SE
    APN 0810-304-0199-7
    UPID US92-0858349
    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
    • FedEx Drop Box Postal Service Courier Service
    • Harambee Village Doulas Alternative Medicine Practice Medical Clinic
    • American Structures Construction Company General Contractor
    • Wisconsin Concrete Pavement Association Or Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $845k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $992k
    Blend (final) Blend
    $895k
    Owner & transaction history
    Lake Ridge Bank
    Lake Ridge Bank
    since 2026
    2 recorded transactions
    2026
    2021
    $500,000
    Zoning & alternative use
    SE · Madison, WI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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