WI > Madison
Madison, WI 53704,2423 American Lane
Madison, WI 53704,2423 American Lane
Madison, WI 53704,2423 American Lane
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Listed by Compass Real Estate Wisconsin
$400,000
Est. payment /mo
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7,482 SqFt
Active

2423 American Lane Madison, WI 53704

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Daniel Bertelson

Daniel Bertelson

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 7,482 sqft

Price per Sqft $53

MLS Listing ID 2010361

Year Built 1981

Annual Tax Amount $8,929

Tax Year 2024

Lot Size 2.210 Acres

Acres 2.21

Property Sub-Type Office

Property Description

Investment Opportunity! Excellent income-producing property with 20 private office suites, broken down into 5 suites that could be rented together or all individual. Investors choice! Shared kitchen and restroom areas, and consistent tenant demand. Each office rents could rent for $400/month, generating approximately $96,000 in annual gross income. Estimated Financials: Gross Income: $96,000/year Expenses: • Land Lease: $26,400/year • Property Taxes: $8,929/year • Common Area: $1,200/year • Mortgage (est. $350,000 @ 6% / 25 yrs): $27,200/year Estimated Net Income: ˜ $32,271/year Solid opportunity for investors seeking strong cash flow, low maintenance, and steady returns.

Location

State WI

County Dane

Area Madison - C E06

Zoning Office

Direction Left onto E Wash Ave/US 151 S to Aberg toward Airport to Packers, R on International, L on American

Rooms

Basement Slab/None

Interior

Heating Forced air

Cooling Forced air

Exterior

Parking Features 36-55 spaces

Roof Type Partially flat

Building

Story 1

Water Municipal water

Structure Type Wood,Brick

Others

SqFt Source Appraiser

Energy Description Natural gas

Acceptable Financing Land contract, REO, Short sale

Listing Terms Land contract, REO, Short sale

South Central Wisconsin MLS (SCWMLS)
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2025 South Central Wisconsin MLS Corporation. All rights reserved

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Daniel Bertelson

Daniel Bertelson

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2423 American Lane