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3415 Parmenter St 4,000 SF Retail Building Middleton, WI 53562 $2,450,000 ($612.50/SF)

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Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
4,000 SF
Building Class
C
Year Built
1977
Price
$2,450,000
Price Per SF
$612.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.11 AC
Zoning
Commercial - Zoned Mixed-Use Avenue (MU-A) with Future Land Use designated Urban Mixed Use,
Frontage
400’ on Parmenter

Nearby Major Retailers

barre3
Metro Market
Burn Boot Camp
Tanner's Bar & Grill

Property Taxes

Property Taxes

Parcel Number
0708-021-9430-7
Land Assessment
$687,700
Improvements Assessment
$346,900
Total Assessment
$1,034,600
  • Listing ID: 39700497

  • Date on Market: 3/8/2026

  • Last Updated:

  • Address: 3415 Parmenter St, Middleton, WI 53562

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