2440 Perry Street, Madison, WI 53713 - Photo 1

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$699,900 -$200,000 (-22.22%) Price Reduced

For Sale
Active
Retail
5,000 Sq. Ft.
Updated 3 days ago

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Property Description

Don't miss this rare commercial investment opportunity strategically situated off Madison's dynamically developing Park Street corridor! Seller will consider Best Offer! Previously a restaurant and a retail shop, this 5,000 sq ft building on over a .5+ acre lot offers flexibility for various commercial endeavors. Features include 3 work areas w/ separate entrances, kitchen, a spacious partially finished LL with 2 egresses and 2nd floor offices, 4 bathrooms and 25+ parking spaces. Perfectly located for quick access to the Beltline, Madison College, UW, hospitals, library, and shops, this property is also located in TIF District 51 and may benefit from potential incentives and infrastructure improvements/developement thus enhancing its investment appeal. Measurements are approx.

Full Property Details

Full Property Details for 2440 Perry St

General

Price: $699,900
Taxes: $9,556 (2023)
Status: Active
Type: Retail
Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
MLS ID: 1995227
Updated: 1/12/2026
Added to Site: 301 day(s) ago

Parking

Parking Features: 21 to 35 Spaces

Location

Municipality: Madison
County: Dane
Driving Directions: Park St to Badger to Perry

Heating & Cooling

Heating Fuel: Natural Gas
Heating/Cooling: Radiant

Utilities

Water/Sewer: Municipal Water, Municipal Sewer

Structural Information

Roof: Composition/Fiberglass
Square Feet: 5,000
Square Feet Range: 3501 to 5000
Sq. Ft. Source: Owner

Unit Information

Units in Building: 3

Lot Features

Lot Size (Acres): 130.2X180.5
Zoning: CC-T

Financial Considerations

Tax Amount: $9,556
Tax Year: 2023

Listed by Keller Williams Realty

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Schools

Schools serving 2440 Perry St

School District:Madison Metropolitan School District

Name	Grades	Distance
Lincoln Elementary School, Madison, WI 909 Sequoia Trail, Madison, WI 53713	3-5	0.3 mi
Cherokee Heights Middle School 4301 Cherokee Drive, Madison, WI 53711	6-8	2.7 mi
West High School, Madison, WI 30 Ash Street, Madison, WI 53726	9-12	2.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2440 Perry St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/12/2026

Price Reduced

$699,900

-22.22%

MLS

12/10/2025

Price Reduced

$899,900

-23.67%

MLS

11/21/2025

Price Reduced

$1,179,000

-5.68%

MLS

5/05/2025

Price Reduced

$1,250,000

-3.77%

MLS

4/23/2025

Price Reduced

$1,299,000

-7.15%

MLS

4/08/2025

Price Reduced

$1,399,000

-6.42%

MLS

3/25/2025

Price Reduced

$1,495,000

-0.33%

MLS

3/20/2025

Listed

$1,500,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 2440 Perry St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$10,020

11%

$475,000

2022

$9,006

23%

$440,000

16%

2021

$7,331

-13%

$380,000

10%

2021

$8,459

—

$345,000

-9%

2020

$8,459

-17%

$380,000

2019

$10,206

12%

$353,300

2018

$9,110

—

$336,300

2017

$9,084

11%

$320,300

10%

2016

$8,151

$291,300

—

2015

$7,914

18%

$291,300

2014

$6,718

-18%

$277,300

—

2013

$8,163

—

$277,300

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 2440 Perry St

2440 Perry Street, Madison, WI 53713 (MLS# 1995227) is a Retail property. 2440 Perry Street is currently listed for $699,900 and was received on March 20, 2025. Want to learn more about 2440 Perry Street? Do you have questions about finding other Retail real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

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2440 Perry St Madison, WI 53713