2423 American Ln, Madison, WI 53704-3138
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.
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FedEx Drop Box Postal Service Courier Service
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Harambee Village Doulas Alternative Medicine Practice Medical Clinic
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American Structures Construction Company General Contractor
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Wisconsin Concrete Pavement Association Or Organization
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
SE · 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.