507 State St, Madison, WI 53703 Property Records

Dane County property record for 507 State St, Madison, WI 53703

Property Summary

Property TypeCommercial
Details7,980 sqft · built 1921
Lot Size0.115 acres (5,001 sqft)
OwnerCompany Name on Record
Tax Bill$47,466 (2025)
Flood ZoneZone X (minimal risk)
APN0709-232-0203-3

Property Details

APN / Parcel Number

Primary APN0709-232-0203-3

Interior

Units19 Units
Stories2 Stories
Building Area7,980 sqft Gross Area
1st Floor Area2,626 sqft
Basement Area2,626 sqft
FlooringCarpet
Interior WallsWallboard/Drywall

Exterior

Year BuiltBuilt 1921
Effective Year BuiltEffective 1921
Exterior MaterialBrick
Roof TypeFlat
Roof MaterialBuilt-Up Asphalt
Lot Area5,001 sqft (0.115 acres)
View / LotTraffic
DrivewayAsphalt Driveway

Utilities, Heating & Cooling

Cooling SystemWindow A/C
SewerMunicipal
Water SourceCommercial

Location & Zoning

Street Address507 STATE ST
CityMADISON
StateWI
Zip53703-1010
Property CategoryCommercial
Property TypeCommercial > Retail
Local Zoning CodeDC
Legal DescriptionPLAT OF BLK 9 UNIV ADD, SOMETIMES KNOWN AS WELLS SUBD, PRT OF LOT 9, BEG ON STA TE ST AT DIV LN BET LOTS 8 & 9, TH AT RT ANGS TO STATE ST 100 FT, TH SE AT RT AN GS TO GILMAN ST 10 FT, TH NE ALG SD ST 64.54 FT, TH AT RT ANGS TO SD ST 12 FT, T H N AT R
Legal Range09E
Legal Township07N
Legal Section23
Legal Quarter2
Legal SubdivisionPLAT OF BLK 9 UNIV ADD, SOMETIMES KNOWN
Legal Block9
Legal Lot Number9
JurisdictionDANE WI
Township / Civil DivisionMADISON
Census Block Group2
Census Block2001
Census Tract1603

Owner

Source: Dane County records, as of April 7, 2026

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

Owner of RecordCompany Name on Record
Mailing Address502 N EAU CLAIRE AVE, MADISON, WI 53705-2804
Owner TypeCompany
VestingCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last Transfer DateNov 21, 2011
Transfer Doc0004815956
Record UpdatedJun 8, 2026

Tax Assessment & Valuation

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

Property Jurisdictions

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

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$47,466.00 (+12.82%)$2,345,400 (+7%) Land $220,000 Building $2,125,400
2024$42,072.00 (+7.85%)$2,192,000 (+9.98%) Land $220,000 Building $1,972,000$2,192,000 (+9.37%)
2023$1,993,000 Land $220,000 Building $1,773,000$2,004,224
2022$39,010.00

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 ZoneZone X
minimal risk
Flood Insurance RequirementNot 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 RiskNot 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 SystemMADISON WATER UTILITY
serves 272,000 people · EPA ID WI1130224
Water SourceGroundwater
Last State InspectionApr 2023
Lead2 ppb (2023)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureLead service line inventory
Oct 2024
Monitoring and Reporting1
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

ProviderMax 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.

Nearby Properties on State St

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