645 Sandpiper Trail, Cottage Grove, WI 53527
$4,900,000
$4,900,000
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Features
- Commercial/Business
- Status: Active
- County: Dane
- Est. Square Footage: 19,211
- Acreage: 2.27
- Property Taxes: $37,895
- Property Tax Year: 2025
- MLS#: 2025939
- Listing Company: American, Realtors
- Zip Code: 53527
- Number of Units: 1
Property Description
645 Sandpiper Trail, Cottage Grove, WI 53527 - Exceptional owner-user or investment opportunity to acquire a brand-new, 19,211 SF Class-A flex complex at 645 Sandpiper Trail in rapidly growing Cottage Grove. Offered well below replacement cost at $4,900,000, this asset accommodates retail, office, showroom, and warehouse needs. The 14,737 SF main building delivers a pristine canvas for an owner-occupant or value-add investor targeting the expanding Madison hub, arriving mostly vacant. Adding incredible value is a separate, fully built-out 4,474 SF detached building that is 100% leased, delivering immediate passive income to offset carrying costs from day one. Adjusted financials feature a strong 9.15% cap rate ($448,163 NOI), factoring in the recent rent adjustment, with massive upside via absorbing the vacant primary space at $19.50/SF NNN. Bypassing supply chain delays, this high-efficiency property is built for long-term appreciation.
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Additional features
Basement
- Poured concrete foundatn, Slab/None
Interior Features
- Heating/Cooling: Central air, Forced air, Zoned heating
- Water Waste: Municipal sewer, Municipal water
Building and Construction
- Automotive, Industrial, Manufacturing, Office, Retail, Service, Warehouse
- Roof: Rubber/membrane
- Construction Type: E
Land Features
- Waterfront/Access: N
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Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM 2025939 Active Jun 16 2026 9:56AM $4,900,000 45 1995261 Expired Withdrawn by Seller 151 1994628 Expired Active 365 1995261 Withdrawn by Seller Active Aug 8 2025 9:48AM 151 1995261 Jul 24 2025 2:45AM $205,581 $243,162 151 1994628 May 8 2025 2:47PM $5,500,000 $5,900,000 365 1995261 Active Mar 14 2025 3:46PM $243,162 151 1994628 Active Mar 6 2025 2:45AM $5,900,000 365
Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity
