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    702 Main St Madison, WI 53715-1424

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    702 Main St Madison, WI 53715-1424


    • Office buildings
    • 4,382 SF
    • 0.28 lot acres
    Off-Market
    Last Sale May 13, 2025
    $1,725,000
    Property ID
    US92-2532520
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,490,000
    Show details
    Cap Rate Potential
    Location Intelligence

    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
    Property size
    4,382 SF
    Zone code
    TR-U1
    Property type
    Office buildings
    APN
    0709-233-1102-4
    APU
    70923311024

    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

    based on Realmo’s proprietary methodology
    • 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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $521
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00
    More about this property
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