Technical
Financial
Distress signals
Property profile

66 W Towne Mall Madison, WI 53719

FOR LEASE
Community centers
Property ID
US92-1070944
342,720 SF 37.4 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

West Towne Mall presents a unique investment opportunity in Madison, Wisconsin. This expansive retail and mixed-use property boasts a total of 828,602 square feet situated on a substantial 135-acre lot. Currently, the entire 828,602 square feet is available for lease, offering significant potential for a variety of retail concepts. The property includes 112 parking spaces, ensuring ample convenience for customers. Located at 66 W Towne Mall, Madison, WI 53719, this prime location benefits from its established presence within a high-end shopping center environment. The mall already houses a strong collection of national retailers, including Athleta, Banana Republic, Nordstrom Rack, and Pandora, attracting a significant volume of shoppers. Further enhancing its appeal, an associated open-air center complements the main mall structure. The property's future is bright, with the addition of a Von Maur department store slated to open in 2022, further solidifying its position as a premier shopping destination in Dane County. Two spaces are immediately available, ranging from 1,734 to 2,784 square feet, providing flexibility for various business needs. This is a rare chance to secure a substantial presence in a thriving retail hub.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1970
Total area 342,720 SF
Lot 37.4 ac (1,628,970 SF)
Zoning code RMX
APN 0708-261-0098-8
UPID US92-1070944

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
  • Clothing & Fashion Store
  • Clothing Store Fashion Accessories Store
  • Electronics & Wireless Store Mobile Phone Store
  • Hair Salon Nail Salon
  • Clothing Store Jeans Shop

Location

66 W Towne Mall Madison, WI 53719
Madison metro Census 410 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$48.21M

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2019
Price N/A
2013
$1.6M
2013
Price N/A
1969
Price N/A

Zoning & alternative use

RMX · Madison, WI
Zoning description

ntial - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center…

General category MIXED_USE
Top alternative use upside
Office building $79.2M +20.4%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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