2423 American LnMadison, WI 53704

Property Details for 2423 American Ln

Year built

1981

Lot size

0.01 AC

Property size (Sq ft)

7,360 SF

Zone code

SE

Property type

Office properties

Property subtype

Office buildings

APN

0810-304-0199-7

APU

81030401997

Description

This single-story, 3,033-square-foot executive office building at 2423 American Ln, Madison, WI 53704, presents a unique investment opportunity. Built in 1981, the property is situated on a land lease and offers significant flexibility. The building's zoning is commercial ("com"), and its Dane County APN is 0810-304-0199-7. Currently vacant, the entire 3,033 square feet is available for immediate occupancy. The property is ideally suited for owner-occupants seeking a headquarters or investors looking for a multi-unit rental property. The building could be easily subdivided into 3-5 rentable units, providing diverse income streams. Ample parking is available, with a capacity of 36-55 spaces. The property benefits from a prime business location in Madison, Wisconsin. Recent improvements include planned cleanup of branches and trees at the rear of the property. A recent appraisal has been conducted, and the property is priced to sell. This is a rare opportunity to acquire a versatile and well-located office building in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,328,935

  6.5%

  $1,226,710

  7%

  $1,139,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $747,211

  Geo Method

  $958,640

• Alternative Use

  Use

  Valuation

  Residential

  $1,521,120

  Hospitality

  $1,393,338

  Educational

  $1,159,240

  Medical

  $1,199,109

  Retail

  $1,803,263

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.1251

Longitude

-89.3509

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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