702 Main St, Madison, WI 53715-1424
- Office buildings
- 4,382 SF
- 0.28 lot acres
Current Use by Public Records
- Emergency Services Unit / Medical Clinic
- Emergency Services Unit – Crisis / Crisis Center
- Recovery House / Crisis Center / Medical Clinic
- Amber Gilles / Foster Care Service / Social Service Agency
- Dr. Karen Milner / Physician
Property Details for 702 Main St
- Year built
- 1963
- Lot size
- 0.28 lot acres
- Zone code
- TR-U1
- Property type
- Office buildings
- APN
- 0709-233-1102-4
- APU
- 70923311024
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 13, 2025 | $1,725,000 | Tfi Foundation INC | Bay Side Place LLC | Warranty Deed | $1.4M · Wings Financial Cu |
| Aug 16, 2019 | — | Journey Woods End LLC | — | Deed · related | $1M · Johnson Bank |
| Oct 24, 2017 | — | Bay Side Place LLC | — | Deed · related | — |
| — | — | Bay Side Place LLC | — | Loan Modification · related | — |
Description
This 12,510 square foot, three-story Class B office building in downtown Madison, Wisconsin, presents a unique investment opportunity. Built in 1964, this well-maintained mid-century modern brick building boasts recent upgrades including interior finishes and a new sprinkler system. The first floor offers a versatile layout including private offices, a large conference room, open workspace, breakroom, and reception area. The second floor, previously licensed as a Community-based Residential Facility (CBRF), features a full kitchen, dining room, laundry facilities, restrooms with showers, and multiple bedrooms, ideal for various configurations. The building's diverse floor plans allow for easy multi-tenant occupancy, and multiple entrances offer opportunities for separate tenant identity and signage. The property sits on a 12,005 square foot lot and includes 12 parking spaces. The permitted zoning is TR-U1 Traditional Residential. The asking price is $1,775,000, with a price per square foot of $151.88. The APN is 251/0709-233-1102-4. This property is located at 702 W Main St, Madison, WI 53715.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,013,000
Market price range: $591k - $1.47M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,015,000 Current use
- RETAIL STORES
- $1,540,000 Change: +52% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,290,000 Change: +27% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,235,000 Change: +22% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.3943
- Latitude
- 43.0662
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
