2423 American Lane Madison, WI ^$ 400,000

2423 American Lane

^$ 400,000

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2423 American Lane

Madison, WI, 53704

^$ 400,000

Bedrooms-- Baths-- Sq 7,482

Monthly Estimate*

^$ 2,495

Listed by Compass Real Estate Wisconsin

2423 American Lane, Madison, WI 53704 - Image 1

2423 American Lane, Madison, WI 53704 - Image 2

2423 American Lane, Madison, WI 53704 - Image 3

2423 American Lane, Madison, WI 53704 - Image 4

2423 American Lane, Madison, WI 53704 - Image 5

Commercial Property for sale in Madison, WI

for $400,000. This 7,482 square foot building was built in 1981.

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: â¢ Land Lease: $26,400/year â¢ Property Taxes: $8,929/year â¢ Common Area: $1,200/year â¢ Mortgage (est. $350,000 @ 6% / 25 yrs): $27,200/year Estimated Net Income: Ë $32,271/year Solid opportunity for investors seeking strong cash flow, low maintenance, and steady returns.

Commercial Active

Price

^$ 400,000

Property Type

Commercial

Taxes

^$ 8,929

Style

Office

Year Built

1981

Town/City

Madison

County/Region

Dane

MLS | Web ID

2010361

Features

General

Lease Type None

Features Public rest rooms

Roof Partially flat

Zoning Office

Occupancy Vacant

Tenant Pays N/A

County Dane

Class Business/Comm

Present Use Office School

Net Income 0

Location Business district Free standing Near Major Highway Near public transportatn

Tax Year 2024

Gross Income 0

Fuel Natural gas

Status Active

Status Detail 0

Year Built 1981

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

City Madison

DOM 64

Price Per Sq Ft Total AG 53.46

County Qtr Section East Metro Madison

Interior

Basement Slab/None

Total Number of Units 5

Heating/Cooling Forced air

Stories 1

Exterior

Exterior Brick Wood

Lot Size Area 2.21

* Excluded Features

List By

Compass Real Estate Wisconsin

Broker

(608) 446-2224

Phone

simplyhomesproperties@gmail.com

Affordability Calculator

$3,240

Per Month

Monthly Principal & Interest: $2,495
Monthly Property Taxes: $744
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Madison, WI

Average List Price ^$777,106

Percent of Sale Price 94%

About Madison, WI

252,062 Population

21% Since 2002

^$58,415 Median Income

34.31 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1568291 Elementary School

1568554 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/9/2025	$400,000		Listed Price

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2423 American Lane, Madison, WI, 53704 is a Commercial Property for sale at $400,000 with 7,482 sqft. 2423 American Lane was built in 1981. The property's zip code is 53704 which is in Madison, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the South Central Wisconsin Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the SCWMLS approved logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Data is updated as of 12/13/2025.

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2423 American Lane

Commercial Property for sale in Madison, WI

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