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$1,975,000
Est. payment /mo
4,186 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Auto Dealer/Service
Listing Status Active
Purchase Type For Sale
Square Footage 4,186 sqft
Price per Sqft $471
MLS Listing ID 2017994
Year Built 1977
Annual Tax Amount $19,585
Tax Year 2025
Lot Size 1.107 Acres
Acres 1.107
Property Sub-Type Auto Dealer/Service
Property Description
Prime redevelopment opportunity in Middleton along the Parmenter Street corridor. 1.107 acre high-visibility corner lot at Parmenter St & Century Ave located within Tax Increment Financing (TIF) District #5. Zoned Mixed-Use Avenue (MU-A) with Future Land Use designated Urban Mixed Use, supporting higher-density residential mixed-use development. City guidance indicates a mixed-use building with approximately 33% ground floor commercial component at this corner location. Existing building and site improvements allow immediate planning, feasibility, and entitlement work while redevelopment is pursued. Strong frontage, access, and proximity to major commuter routes, employment centers, and west Madison retail amenities. TIF assistance may be available for eligible project costs subject to City approval and development agreement. Ideal for multifamily, mixed-use rental, or condominium development. Buyer responsible for all due diligence, zoning verification, and municipal approvals.
Location
State WI
County Dane
Zoning B3
Rooms
Basement None, None / Slab
Interior
Heating Natural Gas
Cooling Forced Air, Radiant
Exterior
Roof Type Metal
Building
Dwelling Type Free Standing
Story 1
Sewer Municipal Water, Municipal Sewer
New Construction N
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