251 Progress WayWaunakee, WI 53597

  • Commercial real estate
  • 5.15 AC
For Sale
$646,866 View listing

Property Details for 251 Progress Way

Lot size
5.15 AC
Property type
Commercial real estate
APN
0809-092-0020-1
APU
80909200201

Description

This exceptional 3-acre commercial lot, located at 251 Progress Way in Waunakee, Wisconsin, presents a unique opportunity for development. Priced at $646,866 ($4.95/SF), this fully improved land boasts a prime location within the Waunakee Business Park, offering excellent visibility along Highway 19, with traffic counts exceeding 15,100 vehicles daily. The property is zoned for Light Industrial use and has the potential for a significant development, as evidenced by a previous plan allowing for a 31,000 square foot building plus two additional 6,000 square foot structures. Its strategic location provides convenient access to both east and west Madison, with only a 4.5-mile distance to the interstate and 12 miles to the state capitol. The neighboring building is a premier office space, further enhancing the desirability of this location. This site is ideal for an office building or corporate headquarters, offering a blend of accessibility, visibility, and development potential in a thriving business park. The property's address is 251 Progress Way, Waunakee, WI 53597, within Dane County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $46,346,000
    Hospitality
    $42,452,688
    Educational
    $35,320,136
    Medical
    $36,534,852
    Retail
    $54,942,436

Location Insight

City
Waunakee
County
Dane
State
Wisconsin
Latitude
43.1908
Longitude
-89.4326
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
$78,681
$694,500
$4,062,700
$4,757,200
-
-
-
$5,090,100

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