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Property profile & analytics
OFF-MARKET Estimated value $1,490,000
Office buildings

702 Main St Madison, WI 53715-1424

4,382 SF 0.28 ac lot Built 1963
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US92-2532520
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1963
Total area 4,382 SF
Lot 0.28 ac (12,005 SF)
Zoning code TR-U1
APN 0709-233-1102-4
UPID US92-2532520
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$1.49M
Owner & transaction history
Tfi Foundation INC
Tfi Foundation INC
since 2025
Last sale
$1.7M
4 recorded transactions
2025
$1.7M
2019
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
TR-U1 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

-C2: Traditional Residential - Consistent 2 TR-C3: Traditional Residential - Consistent 3 TR-C4: Traditional Residential - Consistent 4 TR-V1: Traditional Residential - Varied 1 TR-V2: Traditional Residential - Varied 2 TR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional R…

Zone name Traditional Residential Urban District 1
General category RESIDENTIAL
Zone area 380.84 ac
Top alternative use upside
Retail stores $1.5M +51.8%
Commercial (general) $1.3M +27.2%
Auto repair, garage $1.2M +21.9%
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