Listing Office: Compass Real Estate Wisconsin
2423 American Lane, Madison, WI
$400,000
7,482
Square feet
2.21
Acres
About 2423 American Lane
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.
Features of 2423 American Lane
| MLS® # | 2010361 |
|---|---|
| Price | $400,000 |
| Square Footage | 7,482 |
| Acres | 2.21 |
| Year Built | 1981 |
| Type | Commercial |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 2423 American Lane |
|---|---|
| Area | MADISON - C E06 |
| City | Madison |
| County | Dane |
| State | WI |
| Zip Code | 53704 |
Amenities
| Features | Public rest rooms |
|---|---|
| Parking | 36-55 spaces |
Exterior
| Exterior | Wood, Brick/Stone |
|---|---|
| Roof | Partially flat |
Additional Information
| Days on Market | 4 |
|---|---|
| Zoning | Office |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $8,929 |
| Tax Year | 2024 |
| Agent | Lindsay Hagens |
| Office | Compass Real Estate Wisconsin |
Listing Details
| Office | Compass Real Estate Wisconsin |
|---|