515 State St, Madison, WI 53703 Property Records

Dane County property record for 515 State St, Madison, WI 53703

Property Summary

Property Type	Commercial
Details	18 ba · 20,773 sqft · built 1992
Lot Size	0.135 acres (5,881 sqft)
Owner	Company Name on Record
Last Sale	$1,726,200 (Jul 2020)
Tax Bill	$105,466 (2025)
Deeds & Mortgages	Jul 2021 Mortgage Jul 2020 Sale + 1 more
Flood Zone	Zone X (minimal risk)
APN	`0709-232-0204-1`

Property Details

APN / Parcel Number

Primary APN	`0709-232-0204-1`

Interior

Full Baths	18 Baths
Units	31 Units
Stories	4 Stories
Building Area	20,773 sqft Gross Area
1st Floor Area	5,689 sqft
Basement Area	3,022 sqft

Exterior

Year Built	Built 1992
Effective Year Built	Effective 1992
Exterior Material	Stone
Roof Type	Flat
Roof Material	Built-Up Asphalt
Lot Area	5,881 sqft (0.135 acres)
View / Lot	Traffic

Utilities, Heating & Cooling

Cooling System	Window A/C
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	515 STATE ST
City	MADISON
State	WI
Zip	53703-1047
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	DC
Legal Description	WELLS SUBD. OF BLK 9 UNIV. ADD. PART OF LOTS 8 & 9, N 100 FT OF LOT 8 & BEG 100 FT S OF NE COR OF LOT 8, TH W 50 FT, TH S 5.6 FT, TH SE AT RT ANGLES TO GILMAN S T, TH NE ON GILMAN ST 40 FT, TH NW 10 F T TO BEG. BLOCK 9
Legal Range	09E
Legal Township	07N
Legal Section	23
Legal Quarter	2
Legal Subdivision	WELLS SUBD
Legal Block	9
Legal Lot Number	8,9
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	101 N MILLS ST, MADISON, WI 53715-1136
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Jul 9, 2021	Deed of Trust, Mortgage · Commercial Mortgage LIFE INSURANCE CO SOUTHWEST
Jul 16, 2020	Warranty Deed, Transfer ATTORNEY ONLY
Dec 30, 2019	Warranty Deed, Transfer ATTORNEY ONLY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 16, 2020 · Amount on Record
Deed Sale	Jul 16, 2020 · Amount on Record
Prior Sale	Dec 30, 2019 · Amount on Record
Deed Document Number	20205613725
Record Updated	Jun 8, 2026

July 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DANE WI
Property Address	515 STATE ST, MADISON, WI 53703-1047
Transaction Type	Mortgage
Record Updated	May 25, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0005748597
Date	Jul 9, 2021
Instrument	5748597

Lender

Name	LIFE INSURANCE CO SOUTHWEST
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

July 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	DANE WI
Recording Date	Jul 16, 2020
Property Address	515 STATE ST, MADISON, WI 53703-1047
Document Number	0005613725
Instrument Date	Jul 13, 2020
Instrument	5613725
Transaction Type	Transfer
Record Updated	Aug 3, 2020
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Tax	$5,179.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	515 STATE ST MADISON WI 537031047, MADISON, WI 53703-1047

December 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	DANE WI
Recording Date	Dec 30, 2019
Property Address	515 STATE ST, MADISON, WI 53703-1047
Document Number	0005552292
Instrument Date	Dec 30, 2019
Instrument	5552292
Transaction Type	Transfer
Record Updated	Jan 16, 2020
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Tax	$4,887.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	515 STATE ST MADISON WI 537031047, MADISON, WI 53703-1047

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	$105,466.00 (+12.85%)	$5,467,700 (+17.71%) Land $320,000 Building $5,147,700
2024	$93,457.00 (+15.33%)		$5,110,000 (+9.39%)
2023		$4,645,000 Land $320,000 Building $4,325,000	$4,671,158
2022	$81,035.00

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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