2423 American Lane, Madison

$400,000

0 Beds
0 Baths
7,482 Sqft
2.21 Acres
0 Garages

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.

Compass Real Estate Wisconsin.

Essential Information
Status Active
Detailed Status Active
Days on Market 62
MLS® # 2010361
Price $400,000
Square Footage 7,482
Acres 2.21
Year Built 1981
Type Business/Comm
Assessed Value $500,000
Year Assesed 2025
Net Taxes $8,929
Tax Year 2024
Exterior Wood, Brick
Roofing Partially flat
Community Information
Address 2423 American Lane
MLS® Area MADISON - C E06
City Madison
County Dane
State WI
Zip Code 53704
Amenities
Parking 36-55 spaces
Property Overview
Total Units 5
Additional Information
Zoning Office
Total Finished SqFt 7,482
Terms Land contract, Short sale, REO
Short Sale Yes
REO / Bank Owned Yes
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX 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.

Data provided by the South Central Wisconsin MLS as of 12/11/2025.

Copyright 2025 – (South Central Wisconsin MLS) – All Rights Reserved

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