505 State St, Madison, WI 53703 Property Records

Dane County property record for 505 State St, Madison, WI 53703

Property Summary

Property Type	Commercial
Details	2 ba · 1,840 sqft · built 1968
Lot Size	0.022 acres (958 sqft)
Owner	Company Name on Record
Last Sale	$105,000 (Oct 2019)
Tax Bill	$18,995 (2025)
Deeds & Mortgages	Feb 2022 Mortgage Mar 2017 Line of Credit + 2 more
Flood Zone	Zone X (minimal risk)
APN	`0709-232-0202-5`

Property Details

APN / Parcel Number

Primary APN	`0709-232-0202-5`

Interior

Full Baths	2 Baths
Stories	2 Stories
Building Area	1,840 sqft Gross Area
1st Floor Area	912 sqft
Basement Area	928 sqft
Flooring	Tile
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1968
Effective Year Built	Effective 2018
Exterior Material	Glass
Foundation Type	Block
Roof Type	Flat
Roof Material	Built-Up Asphalt
Lot Area	958 sqft (0.022 acres)
View / Lot	Traffic
Driveway	Asphalt Driveway
Driveway Area	160 sqft

Utilities, Heating & Cooling

Cooling System	Central
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	505 STATE ST
City	MADISON
State	WI
Zip	53703-1010
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	DC
Legal Description	WELLS SUBD. OF BLK 9 UNIV. ADD. PART OF LOT 9 -BEG 51 FT 10 1/4 IN W FROM E COR OF LOT 9, TH S 45 FT 8 IN, TH SE 5.5 FT, TH SW 16 FT 8 IN, TH NW 12 FT, TH N 52 F T 6 IN, TH E 16 FT 8 IN TO POB, BLOCK 9
Legal Range	09E
Legal Township	07N
Legal Section	23
Legal Quarter	2
Legal Subdivision	WELLS SUBD
Legal Block	9
Legal Lot Number	9
Jurisdiction	DANE WI
Township / Civil Division	MADISON
Census Block Group	2
Census Block	2001
Census Tract	1603

Owner

Source: Dane County records, as of April 20, 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	2451 W BROADWAY, MONONA, WI 53713-1642
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Feb 3, 2022	Deed of Trust, Mortgage · Commercial Mortgage MOUND CITY BANK
Mar 9, 2017	Deed of Trust, Mortgage · Line of Credit STARION BANK
Oct 3, 2019	Warranty Deed, Transfer · Line of Credit SUMMIT CU
Nov 20, 2017	Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 3, 2019 · Amount on Record
Deed Sale	Oct 3, 2019 · Amount on Record
Prior Sale	Apr 6, 2012 · Amount on Record
Deed Document Number	20195527821
Record Updated	Oct 29, 2026

February 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DANE WI
Property Address	505 STATE ST, MADISON, WI 53703-1010
Transaction Type	Mortgage
Record Updated	May 25, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0005809870
Date	Feb 3, 2022
Instrument	5809870

Lender

Name	MOUND CITY BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

March 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DANE WI
Property Address	505 STATE ST, MADISON, WI 53703-1010
Transaction Type	Mortgage
Record Updated	Sep 8, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0005310958
Date	Mar 9, 2017
Instrument	5310958

Lender

Name	STARION BANK
Type	Bank
Address	MIDDLETON, WI 53562

Agreement

Type	Line of Credit
Amount	Amount Recorded

October 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	DANE WI
Recording Date	Oct 3, 2019
Property Address	505 STATE ST, MADISON, WI 53703-1010
Document Number	0005527821
Instrument Date	Oct 1, 2019
Instrument	5527821
Transaction Type	Transfer
Record Updated	Oct 17, 2019
Title Company	AMERICAN TITLE COMPANY, AMERICAN TITLE CO

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$3,150.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	2451 W BROADWAY MONONA WI 537131642, MONONA, WI 53713-1642

Mortgage

Document Number	5527822
Date	Oct 3, 2019
Instrument	5527822

Lender

Name	SUMMIT CU
Address	COTTAGE GROVE, WI 53527

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	120 Months
Due	Oct 2, 2029

Interest

Rate Type	Adjustable Rate

November 2017: Deed, Transfer

Document Type	Deed
Jurisdiction	DANE WI
Recording Date	Nov 20, 2017
Property Address	505 STATE ST, MADISON, WI 53703-1010
Document Number	0005372816
Instrument Date	Nov 14, 2017
Instrument	5372816
Transaction Type	Transfer
Record Updated	Sep 8, 2022

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1332 N HIGH POINT RD, MIDDLETON, WI 53562-3678

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	$18,995.00 (+11.17%)	$966,000 (+5%) Land $55,000 Building $911,000
2024	$17,087.00 (-2.37%)		$920,000 (-0.56%)
2023		$920,000 Land $55,000 Building $865,000	$925,181
2022	$17,501.00

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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