489 Commerce Dr, Madison, WI 53719 Property Records

Dane County property record for 489 Commerce Dr, Madison, WI 53719 · Last verified February 2026

Property Summary

Property TypeApartment House (2-4 Units)
Details119,824 sqft · built 2017
Lot Size1.84 acres (80,542 sqft)
OwnerCompany Name on File
Last Sale$1,200,000 (Dec 2016)
Tax Bill$280,278 (2024)
Deeds & MortgagesMar 2020 Loan Modification
Mar 2017 Mortgage
Flood ZoneZone X (minimal risk)
APN0708-262-0907-9

Property Details

APN / Parcel Number

Primary APN0708-262-0907-9

Interior

Units80 Units
Stories4 Stories
Building Area119,824 sqft
1st Floor Area24,231 sqft
2nd Floor Area23,975 sqft

Exterior

Year BuiltBuilt 2017
Exterior MaterialBrick
Lot Area80,542 sqft (1.84 acres)
TerrainWooded

Utilities, Heating & Cooling

SewerMunicipal
Water SourceCommercial

Location & Zoning

Street Address489 COMMERCE DR
CityMADISON
StateWI
Zip53719-4937
Property CategoryCommercial
Property TypeResidential > Multi-Unit > Apartment House (2-4 Units)
Legal DescriptionCERTIFIED SURVEY MAP NO 14396 AS RECORDED IN DANE COUNTY REGISTER OF DEEDS IN VO L 98 PAGE 263 OF CERTIFIED SURVEYS, LOT 1
Legal Range08
Legal Township07
Legal Section26
Legal SubdivisionCERTIFIED SURVEY MAP NO 14396 AS
Legal Lot Number1
JurisdictionDANE WI
Township / Civil DivisionMADISON
Census Block Group2
Census Block2027
Census Tract406

Owner

Source: Dane County records · APN 0708-262-0907-9

Assessment roll updated January 1, 2025 · Last verified February 2026

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

Owner of RecordCompany Name on File
Mailing Address2428 PERRY ST, MADISON, WI 53713-2449
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Mar 13, 2020Loan Modification, Mortgage
NOT AVAILABLE
Mar 30, 2017Deed of Trust, Mortgage
FIRST BUSN BK

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleDec 27, 2016 · Amount on Record
Deed SaleDec 27, 2016 · Amount on Record
Prior SaleDec 27, 2016 · Amount on Record
Deed Document Number5294897
Record UpdatedJun 08, 2026

March 2020: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionDANE WI
Property Address489 COMMERCE DR, MADISON, WI 53719-4937
Document Number0005569872
Instrument DateMar 13, 2020
Transaction TypeMortgage
Record UpdatedApr 15, 2020
Title CompanyNOT AVAILABLE

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address489 COMMERCE DR MADISON WI 537194937, MADISON, WI 53719-4937

March 2017: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionDANE WI
Property Address489 COMMERCE DR, MADISON, WI 53719-4937
Document Number0005315479
Instrument DateMar 30, 2017
Transaction TypeMortgage
Record UpdatedApr 15, 2020
Title CompanyFIRST AMERICAN TITLE, FIRST AMERICAN TITLE NCS

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address2428 PERRY ST MADISON WI 537132449, MADISON, WI 53713-2449

Mortgage

Document Number0005315479
DateMar 31, 2017
Instrument5315479
Lender
NameFIRST BUSN BK
TypeBank
Address401 CHARMANY DR, MADISON, WI 53719-1272
Agreement
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

Source: Dane County records · Assessment roll updated January 1, 2025 · Last verified February 2026

Property Jurisdictions

TypeName
StateWisconsin
CountyDane County
MunicipalityMadison City
Unified School DistrictMadison Metropolitan School District (PK - 12)

Tax Bill & Assessment History

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

YearTax BillAssessed ValueAssessed Market Value
2025$15,837,000 (+1%) Land $1,200,000 Building $14,637,000
2024$280,278.00 (+15.75%)$15,837,000
2023$14,397,000 Land $1,200,000 Building $13,197,000
2022$242,136.00

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Dane County (55025C), updated September 20, 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood ZoneZone X
Flood HazardMinimal
500-Year FloodplainNo
Special Flood Hazard AreaNo

Wildfire

Wildfire RiskNot rated
no burnable land in reach
Wildfire LikelihoodNegligible
ExposureNone
beyond ember reach

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

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