Property profile

2423 American Ln Madison, WI 53704

FOR SALE
Office buildings
Property ID
US92-0858349
7,360 SF 0.01 ac lot Built 1981
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Alternative Medicine Practice Medical Clinic
  • Construction Company General Contractor
  • Association Or Organization

Location

2423 American Ln Madison, WI 53704
Madison metro Census 2500 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2026
2 recorded transactions
2026
Price N/A
2021
$500,000

Zoning & alternative use

SE · Madison, WI
Zoning description

iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment…

General category INDUSTRIAL

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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