Listing Courtesy of: NextHome Metro
Listing Agent: Katie Lichtie
Pref: 608-347-5525
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.
| Mls #: | 2017994 |
|---|---|
| List Price: | $1,975,000 |
| Class: | Business/Commercial |
| Status: | Offer-Show |
| Net Taxes: | $19,585 |
| Est. Total Acres: | 1.107 |
| Waterfront?: | No |
| Municipality: | Middleton |
| County: | Dane |
| ZIP: | 53562-1527 |
| Year Built: | 1977 |
| Total Units/Bldg.: | 1 |
| Location: | Middleton-C |
| State: | WI |
| Price Per Sqft: | $471.81 |
| C/T/V: | City |
| Re Sale: | Yes |
| Business Sale: | No |
| Lease Only: | No |
| Zoning: | B3 |
| Approx. Bldg. Dimen.: | 60x70 |
| Onsite Parking: | 100 |
| U1 Lease Type: | 0 |
| U1 Lease Exp. Date: | 0 |
| Ceiling Height Min: | 8 |
| Ceiling Height Max: | 12 |
| Number Of Loading Docks: | 0 |
| Total Assess Year: | 2025 |
| Tax Year: | 2025 |
| Street Frontage: | 400 |
| Income/Expenses Year: | 0 |
| # Of Stories: | 1 |
| Land Assess: | $687,700 |
| Improvements: | $346,900 |
| Total Assess: | $1,034,600 |
| Bldg Gross Sq Ft: | 4,186 |
| Net Operating Income: | $4,186 |
| Source Of Est. Acres: | Assessor |
| Source Of Year Built: | Other |
| County Qtr Section: | West Metro Madison |
| Parcel Id: | 0708-021-9430-7 |
| Type: | Automotive |
| Location: | Business district, Corner, Free standing, Near Major Highway, Near public transportatn, Residential area |
| Present Use: | Automotive |
| Exterior: | Block |
| Roofing: | Metal |
| Water/Waste: | Municipal sewer, Municipal water |
| Heating/Cooling: | Forced air, Radiant |
| Fuel: | Natural gas |
| Building Parking: | 56 or more spaces, Onsite, Paved |
| Seating Capacity: | 11-20 persons |
| Licenses: | Other |
| Sale Includes: | N/A |
| Tenant Pays: | N/A |
| Lease Type: | None |
| Features: | Overhead doors, Private Restrooms, 3 phase electric, Outside storage |
| Occupancy: | Owner |
| Basement: | Slab/None |
| Directions: | Beltline to Parmenter St north, approx. 0.6 mi past University Ave. Corner of Parmenter St & Century Ave, west side of street. |
| Items Excluded: | Sellers Personal Property |
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South Central Wisconsin Multiple Listing Service data last updated on October 08, 2026 04:31 PM - CT.
Property Last Updated: October 08, 2026 04:31 PM - CT
