5
See all 5 photos
$400,000
Est. payment /mo
7,482 SqFt
Active
2423 American Lane Madison, WI 53704
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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
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
Copyright 2025 South Central Wisconsin MLS Corporation. All rights reserved
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