Overview

Listing ID:#20181422

Parcel Size:3.27 Acres

Total Price:$7,900,000

Price per SF:$55.46

Price per Acre:$2,415,902

Property Type:Land

Date Available:Now

Marketing Brochure - 1602 S Park St.pdf

Multi-Family Development Site

1602 S. Park St. is an excellent opportunity for redevelopment within the Park Street gateway to downtown. Land use plan allows up to 11 stories; within TIF District #42; in the affordable housing fund's "preferred" area. Potter Lawson plan shows an 8-story concept with 464 units and 12,000 SF of commercial. Labor Temple organization interested in being the future commercial user on the ground floor. 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).

Property Details

Municipal Sewer:Yes

Municipal Water:Yes

Urban Svc. Area:Yes

Contact Listing Agent

Chris Caulum, SIOR

608-443-1040
608-444-1911
Email

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