Listed by Mallory Rekoske • Key Commercial Real Estate, LLC.

For sale

$5,148,000

Est. $29,469/mo —

Land

•

2.30

acres (lot)

Parmenter St, Middleton, WI 53562

About this home

Belle Farm presents an opportunity for developers to acquire one or more of four multifamily development parcels consisting of approximately 683 multifamily units on 8 acres over 4 adjacent lots. For developers seeking scale, low risk entitlements, and differentiation, Belle Farm offers a unique opportunity to participate in a growing community that combines institutional investment quality development potential with a thoughtfully curated vision for neighborhood living. Rezoning, GIP and preliminary plat are completed for all phases. Lot 1 is included in phase 2 and anticipated development is a 234 unit apartment building. Neighborhood design and sustainability covenants will apply.

Vacant landProperty Type

2.3 acresLot Size

$2,238,261Price/Acres

Listed by Mallory Rekoske • Key Commercial Real Estate, LLC

Listing updated: Aug 12, 2026 at 06:35pm

Redfin checked: a few seconds ago

•Source:SCWMLS as distributed by WIREX #2030333

Payment calculator

$29,469 per month

Principal and interest$28,095

Property taxes

$431

HOA dues

Home insurance

$944

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Northside Elementary School

Public PreK-4 • Assigned • 0.6mi

7/10

Kromrey Middle School

Public 5-8 • Assigned • 1.0mi

9/10

Middleton High School

Public 9-12 • Assigned • 1.2mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Vacant land (no structures or interior features)

Sale and tax history for Parmenter St

Sale History
Tax History

Date

Event

Price

SCWMLS as distributed by WIREX #2030333

Aug 12, 2026

Listed

$5,148,000

SCWMLS as distributed by WIREX #2030335

Aug 12, 2026

Listed

$5,126,000

Public Remarks

Belle Farm presents an opportunity for developers to acquire one or more of four multifamily development parcels consisting of approximately 683 multifamily units on 8 acres over 4 adjacent lots. For developers seeking scale, low risk entitlements, and differentiation, Belle Farm offers a unique opportunity to participate in a growing community that combines institutional investment quality development potential with a thoughtfully curated vision for neighborhood living. Rezoning, GIP and preliminary plat are completed for all phases. Lot 2 is improved including streets, water, sanitary sewer, and electricity to or near the lot line. Anticipated development is a 233 unit mixed use building. Neighborhood design and sustainability covenants will apply.

SCWMLS as distributed by WIREX #2009257

Aug 12, 2026

Price Changed

$3,278,000

Sep 19, 2025

Listed

$3,799,500

Public Remarks

Rare opportunity to purchase a 2.11 acre parcel ready for multifamily development in Belle Farm, a new urbanism neighborhood in Middleton, Wisconsin. Belle Farm has four multifamily parcels situated along Parmenter Street. These buildings are intended to richly integrate with the neighborhood and share amenities. Belle Farm is approved to develop 880 residential units, both single and multifamily. Rezoning, GIP and preliminary plat are completed for all phases. Lot 52 is included in phase 4, but this site can proceed at any time before or during other phases. Anticipated development is a 149 unit apartment building. Neighborhood design and sustainability covenants will apply.

Public record

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Style

Vacant Land

County

Dane County

APN

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Last updated by owner on Aug 12, 2026.

Historical weather

Middleton, WI • 53562

Average low and high temperatures (°F)

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Sun exposure

99/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 13% for direct sun exposure in Middleton. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.5 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for Parmenter St

$4,457,414

$691K under list price of $5.15M

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The Redfin Estimate uses 6 recent nearby sales, priced between $610K to $1.0M.

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