Property summary
This exceptional 1.77-acre property in Madison, Wisconsin, presents a unique investment opportunity. Currently housing a church and parsonage, the site offers significant redevelopment potential. The main church building, situated on 1.33 acres (per assessor), features generous open gathering spaces and currently includes a daycare tenant generating rental income. The accompanying parsonage home, located at 4201 Hegg Ave on a separate .44-acre lot (per assessor), adds to the overall value and versatility of the offering. The property boasts a highly desirable location, just 0.25 miles from Lake Monona and directly across from Nuestro Mundo Community School, within the vibrant Monona Drive and Cottage Grove area. The property's zoning allows for redevelopment, making it an ideal site for a variety of uses. The asking price is $1,675,000. This is a rare chance to acquire a substantial property with significant upside in a prime Madison location. The square footage includes the lower level and balcony of both the church and parsonage. Parcel number 071009314122 includes the parsonage home. The total acreage includes both the church and parsonage lots. This property has been on the market for the first time since it was built.
Property profile
VerifiedCap rate & NOI
Current use
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Church
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Church
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Vocational School
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Business Service Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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