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2423 American Ln
Madison, WI 53704
Office Property For Sale
Investment Highlights
- Recently remodeled interior with VCT flooring, new HVAC controls, washer/ dryer hookups, and new break areas.
- Owner occupant can use entire building or easily divide for multiple tenants.
- Substantial parking in a serene, wooded setting.
- Recent property updates include: Roof in 2009 and Parking Lot in 2020
- The windows on the building are operable.
Executive Summary
2423 American Lane is a 7,482 SF office building situated on 2.21 acres in a quiet, wooded setting on Madison’s east side. Built in 1984 and recently updated with new interior finishes, HVAC controls, and refreshed parking, the property offers flexible layout options for single or multi-tenant use, operable windows, and 45 surface parking stalls. Zoned SE–Suburban Employment and offered as-is for $379,900, it provides an affordable owner-user or investment opportunity with a land lease in place through 2079.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,482 SF
Building Class
C
Year Built
1984
Price
$520,003 CAD
Price Per SF
$69.50 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,482 SF
Building FAR
0.08
Lot Size
2.21 AC
Opportunity Zone
Yes
Zoning
SE - Suburban Employment
Parking
45 Spaces (6.01 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 0810-304-0199-7 | Improvements Assessment | $678,650 CAD |
| Land Assessment | $0 CAD | Total Assessment | $678,650 CAD |
Property Taxes
Parcel Number
0810-304-0199-7
Land Assessment
$0 CAD
Improvements Assessment
$678,650 CAD
Total Assessment
$678,650 CAD
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