Improved Mixed-Use Land for Sale in Cottage Grove, Wisconsin
645 Sandpiper Trl, Cottage Grove, WI 53527
Exceptional owner-user or investment opportunity to acquire a brand-new, 19,211 SF Class-A flex complex at 645 Sandpiper Trail in rapidly growing Cottage Grove. Offered well below replacement cost at $4,900,000, this asset accommodates retail, office, showroom, and warehouse needs. The 14,737 SF main building delivers a pristine canvas for an owner-occupant or value-add investor targeting the expanding Madison hub, arriving mostly vacant. Adding incredible value is a separate, fully built-out 4,474 SF detached building that is 100% leased, delivering immediate passive income to offset carrying costs from day one. Adjusted financials feature a strong 9.15% cap rate ($448,163 NOI), factoring in the recent rent adjustment, with massive upside via absorbing the vacant primary space at $19.50/SF NNN. Bypassing supply chain delays, this high-efficiency property is built for long-term appreciation.
Location
- Street address
- 645 Sandpiper Trl
- County
- Dane County
- Zip code
- 53527
- Community
- Cottage Grove - V
- Elevation
- 896 feet
Directions
Northwest Corner of Cottage Grove Rd and Sandpiper Trl
Property details
- Acreage
- 2.27 acres
- Zoning
- PB
- MLS #
- SCWMLS 2025939
- Posted
Property taxes
- 2025
- $37,895
Parcels
- 0711-081-4822-1
Details and features
Listing
- Type
- Commercial Sale
Lot
- Features
- Business District, Corner
Structure
- Roof
- Membrane
Interior
- Security
- Security System
- Features
- 3 Phase Electric, Internal Sprinkler, Overhead Doors, Private Office(s), Private Restrooms, Reception Area, Signage Available, Truck Dr(s) 15 ft or Lower
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 10, 2026 | Relisted | $4,900,000 | — | SCWMLS |
| July 28, 2026 | Listing removed | $4,900,000 | — | Listing agent |
| July 27, 2026 | Relisted | $4,900,000 | — | SCWMLS |
| July 24, 2026 | Listing removed | $4,900,000 | — | Listing agent |
| July 23, 2026 | Relisted | $4,900,000 | — | SCWMLS |
| July 23, 2026 | Listing removed | $4,900,000 | — | Listing agent |
| July 22, 2026 | Relisted | $4,900,000 | — | SCWMLS |
| July 16, 2026 | Listing removed | $4,900,000 | — | Listing agent |
| July 15, 2026 | Relisted | $4,900,000 | — | SCWMLS |
| June 25, 2026 | Listing removed | $4,900,000 | — | Listing agent |
| June 16, 2026 | New listing | $4,900,000 | — | SCWMLS |
