Listed by Jim Stopple • Madison Property Management, Inc.
For sale
$1,225,000
Est. $7,134/mo —
Land
•
9.88
acres (lot)
Lot 1-2 Gray Rd, DeForest, WI 53532
About this home
PRICE REDUCTION - Take advantage of this ready-to-develop investment opportunity in Windsor, WI. This 9.883-acre property is city-approved for a 122-unit multi-family complex, boasting a strategic location at the intersection of Gray Rd & CTH CV. The proposed development includes 12 studios, 48 one-bedroom, and 62 two-bedroom apartments across a 4-story building. With 22 garage parking stalls and 162 surface parking spaces, convenience is key for residents. The project has city approval until May 23, 2026 with potential for an extension upon request. Perfectly situated just 7 miles from Madison's East Side, this property offers a blend of suburban tranquility and urban accessibility. * Seller could stay part of the development entity for the approved plans if needed
Vacant landProperty Type
9.88 acresLot Size
$123,988Price/Acres
Listed by Jim Stopple• Madison Property Management, Inc.
Listed by Tony Xiong• Madison Property Management, Inc.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Vacant Land
County
Dane County
APN
0910-292-8710-1
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Last updated by owner on Sep 15, 2025.
MF-3
Multiple Family Residential District
The purpose of the MF-3 Multiple Family Residential District is to provide for multiple family, and limited single and two-family neighborhoods within the urban service area. Development density is based on the Village of Windsor Comprehensive Plan Future Land Use Categories.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Communications tower
Historical weather
DeForest, WI • 53532
Average low and high temperatures (°F)
26
10
33
16
50
29
59
39
69
46
79
60
82
65
79
60
77
54
65
44
47
32
31
17
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May
Jun
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Aug
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Sun exposure
99/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Lot 1-2 Gray Rd
$1,086,530
$138K under list price of $1.23M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $540K to $806K.