1602 S Park St
1602 S Park St, Madison, WI 53715
The property presents an excellent opportunity for redevelopment within the Park Street gateway to Downtown Madison. Major redevelopment has already occurred in the area, including healthcare (SSM & UW out-patient clinics), market rate and affordable apartments (The Sofia, Peleton Residences, Park Cedar Apartments), Class A office (The Hub), retail (future grocery store, new Starbucks) and community organizations (Centro His-pano, Center for Black Excellence).
The site totals 3.3 acres and has an existing office building. The seller would consider selling the entire site and relocating its office use, or selling just the southern ~1.4 acres as a first step.
Price/Unit $12,900
Land Use Plan allows for up to 116’ building height (10-11 stories)
Potter Lawson concept plans show the ability to build up to 675 units (11 stories) or 464 units (8 stories)
Recent price reduction allows 5-7 story buildings to be feasible
Located within a TIF District (TID 42)
Within the “preferred area” for the affordable housing trust fund
Seller would like to remain on site and would lease/purchase commercial space within the new building if the buyer wants to consider it.
Mix of market-rate and affordable / senior may be a great way to diversify the unit types in the new development
The seller is able to split the parcel for sale, along with offering a price range.
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Oakbrook Corporation
Building Details
- For Sale Contact for pricing
- Property Type VacantLand
- Property Size 142,441.2 SF
- Lot Size 3.27 Acre
- Date Updated Apr 20, 2026
Getting Around
-
Walk Score ®
Very Walkable (73) -
Transit Score ®
Some Transit (41) -
Bike Score ®
Biker's Paradise (99)
Location
- City Madison, WI
- Neighborhood Bay Creek
- Zip Code 53715
- Market Madison
Points of Interest
Winnequah Rd. @ Wyldhaven Ave.
2.65 miles
Eastwood Dr. @ First St.
3.39 miles
Monona Dr. @ MG High School
3.79 miles
Shell
0.55 miles
Lucky 7
0.60 miles
BP
0.66 miles
ChargePoint
0.88 miles
Kwik Trip
1.04 miles
Capitol Petro Mart South
1.27 miles
Speedway
1.55 miles
Mobil
1.83 miles
Tesla Madison, WI - South Livingston Supercharger
2.33 miles
SSM Patient Parking
0.20 miles
SSM Staff Parking
0.20 miles
SSM Health Parking
0.73 miles
Capital City Trail Parking
0.92 miles
Martin Street Lot
1.13 miles
Lot 94
1.29 miles
21 N. Park St. and Lot 29 Ramp
1.29 miles
Lot 136
1.31 miles
Lot 91
1.38 miles
Take 5
1.61 miles
Avis/Budget Car & Truck Rental
2.80 miles
Auto Spa Car Wash-Fitchburg/Madison
4.44 miles
National
4.50 miles
Kwik Trip
4.70 miles
Hertz
4.95 miles
Woodman's Car Wash
5.00 miles
Enterprise
5.05 miles
Bubble Time Car Wash
5.18 miles
Ramen Station
0.29 miles
King of Falafel
0.31 miles
Silk Road
0.40 miles
Taqueria Guadalajara
0.40 miles
El Pastor
0.42 miles
Subway
0.54 miles
Famous Dave's
0.60 miles
El Rancho Mexican Grill
0.66 miles
Dunkin'
0.69 miles
Hmong Legacy Market
0.66 miles
Midway Foods Asian
0.99 miles
Trader Joe's
1.54 miles
Fresh Madison Market
1.59 miles
Capitol Centre Market
1.59 miles
Target
1.73 miles
J&P Fresh Market
1.73 miles
Kohl's
2.19 miles
South Towne Mall
2.26 miles
SSM Health Dean Medical Group
0.31 miles
UW Health Arboretum Clinic
0.38 miles
UW Health Arboretum Clinic Outpatient Pharmacy
0.39 miles
Access Community Health Centers
0.54 miles
Walgreens
0.54 miles
Planned Parenthood
0.61 miles
St. Vincent de Paul Charitable Pharmacy
0.65 miles
Dean & SSM St Mary's Outpatient Center
0.70 miles
Saint Mary's Hospital
0.74 miles
1602 S Park St Listing Summary
-
What is the asking price at 1602 S Park St?
The asking price for 1602 S Park St is currently available on demand. Contact the listing broker for details.
-
What is the total size of 1602 S Park St?
1602 S Park St has a total of 3.27 square feet.
Oakbrook Corporation
