118 State St, Madison, WI 53703 Property Records

Dane County property record for 118 State St, Madison, WI 53703

Property Summary

Property Type	Commercial
Details	3 ba · 5,656 sqft · built 1886
Lot Size	0.076 acres (3,293 sqft)
Owner	Company Name on Record
Last Sale	$1,200,000 (Apr 2024)
Tax Bill	$24,416 (2025)
Deeds & Mortgages	May 2026 Mortgage Apr 2024 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`0709-144-2606-4`

Property Details

APN / Parcel Number

Primary APN	`0709-144-2606-4`

Interior

Full Baths	3 Baths
Half Baths	2 Half Baths
Stories	2 Stories
Building Area	5,656 sqft Gross Area
1st Floor Area	2,195 sqft
Basement Area	2,293 sqft
Flooring	Tile
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1886
Effective Year Built	Effective 1900
Exterior Material	Brick
Roof Type	Flat
Roof Material	Built-Up Asphalt
Lot Area	3,293 sqft (0.076 acres)
View / Lot	Traffic
Driveway	Asphalt Driveway

Utilities, Heating & Cooling

Cooling System	Central
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	118 STATE ST
City	MADISON
State	WI
Zip	53703-2524
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	DC
Legal Description	ORIGINAL PLAT, BLK 77, PART OF LOTS 2 & 3, DESC AS FOL: BEG ON N LN OF STATE ST 136.5 FT W OF E COR OF BLK, TH N AT RT ANGLES TO STATE ST 60 FT, TH E PARA WITH STATE ST 3.5 FT, TH NE AT RT ANGLES TO CARROL ST 50 FT TO SW LN OF CARROL ST, TH NW ALG CA
Legal Range	09E
Legal Township	07N
Legal Section	14
Legal Quarter	4
Legal Subdivision	ORIGINAL PLAT, BLK 77, PART OF LOTS 2
Legal Block	77
Legal Lot Number	2,3
Jurisdiction	DANE WI
Township / Civil Division	MADISON
Census Block Group	3
Census Block	3001
Census Tract	1704

Owner

Source: Dane County records, as of June 9, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	118 STATE ST, MADISON, WI 53703-2524
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
May 27, 2026	Deed of Trust, Mortgage · Conventional Mortgage NONE LISTED ON DOCUMENT
Apr 29, 2024	Warranty Deed, Transfer · Commercial Mortgage LAKE RIDGE BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 29, 2024 · Amount on Record
Deed Sale	Apr 29, 2024 · Amount on Record
Deed Document Number	20245959088
Prior Transfer Date	Jun 20, 2006
Prior Transfer Doc	0004205273
Record Updated	Sep 20, 2026

May 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DANE WI
Recording Date	May 27, 2026
Property Address	118 STATE ST, MADISON, WI 53703-2524
Document Number	0006101588
Instrument Date	May 19, 2026
Instrument	20266101588
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	118 STATE ST, MADISON, WI 53703-2524

Mortgage

Document Number	0006101588,
Date	May 27, 2026
Instrument	20266101588

Lender

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded

Interest

Rate	6.23%
Max Rate	-1%

April 2024: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	DANE WI
Recording Date	Apr 29, 2024
Property Address	118 S CARROLL ST, MADISON, WI 53703-3393
Document Number	0005959088
Instrument Date	Apr 4, 2024
Instrument	5959088
Transaction Type	Transfer
Record Updated	May 25, 2026

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$3,600.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	118 STATE ST, MADISON, WI 53703-2524

Mortgage

Document Number	0005959089
Date	Apr 29, 2024
Instrument	5959089

Lender

Name	LAKE RIDGE BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Dane County assessment roll, as of March 16, 2026

Property Jurisdictions

Type	Name
State	Wisconsin
County	Dane County
Municipality	Madison City
Unified School District	Madison Metropolitan School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$24,416.00 (+2.17%)	$1,200,000 (-1.23%) Land $180,000 Building $1,020,000
2024	$23,897.00 (+5.34%)	$1,215,000 (+4.29%) Land $180,000 Building $1,035,000	$1,215,000 (+3.71%)
2023		$1,165,000 Land $180,000 Building $985,000	$1,171,561
2022	$22,685.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective September 20, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	MADISON WATER UTILITY serves 272,000 people · EPA ID WI1130224
Water Source	Groundwater
Last State Inspection	Apr 2023
Lead	2 ppb (2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	Lead service line inventory Oct 2024
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 452 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	1,000 / 75
LiteWire Fixed Wireless · Fiber in parts of the area	100 / 25
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless · DSL · Fiber in parts of the area	100 / 20

May also be available: Four Lakes Broadband.

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