MLS Public Remarks 5 Acre lot ( aprox. 217,757 sq.ft.) zoned RR-4 available for redevelopment opportunities. Located on the far east side of Madison in the town of Blooming Grove just off Milwaukee St. & Sprecher Rd. The city identifies this corner lot as Medium Residential which generally allows 20-90 units per acre in up to five-story buildings. This would all be subject to the plans for how the density is developed on the parcel. Current asking price is $1,250,000 with an 80/unit development project. If site is approved for over 80 units the asking price of $1,250,000 would be increased by an additional $10,000 per additional unit.
Location City
Other Marketing Area
Mailing City 4605,Sprecher Rd
C/T/V City
Directions Milwaukee St. To Sprecher Rd
Subdivision
Number of Lots 1
Lot Number
Total Acreage 5.0
Wetland Acreage 0.0
Pasture Acreage 0.0
Tillable Acreage 0.0
Wooded Acreage 0.0
Source for Acreage PubR
Lot Dimensions
Zoning RR-4
Specific Builder Required No
Ann/Owner Assoc.Dues
Name of Lake/River
Est. Feet of Water Frontage 0
WaterFrontage Source
Legal Description SEC 2-7-10 PRT NE1/4SE1/4 BEG SEC E1/4 C
School District Madison
High School Lafollette
Middle Whitehorse
Elementary Kennedy
Land Assessment $93,500
Improvements $0
Total Assessment $93,500
Net Taxes $4,253
Assessment Year 2019
Tax Year 2018
Owner
Items Included
Items Excluded
Water System Well on site
Waste Disposal System Other
Waterfront
Utilities Available (To Lot) Cable, Electricity, Natural gas, Telephone
Type 5+ Unit Lot, City, Other
Present Zoning Multi-family
Lot Description Corner
Road Other
Farm Features
Topography
Special Assessments
Terms
Features
Improvements Driveway, None
Purchase Options Sell entirely
Miscellaneous
Available Information Aerial photos, Approved plat map, Certified survey
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Madison Property Management, Inc.