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    5264 Anton Dr Fitchburg, WI 53719

    Sponsored
    Picture of Wedding venues at Anton Dr 5264, Fitchburg, WI
    For Sale
    Under Contract
    $1,400,000

    Retail,Office,Service,Restaurant/Supper Club,Tavern,Recreation,Other

    Property size:
    9,975 SF
    Lot size:
    1.20 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 28 at 12:06 am

    Property Features for 5264 Anton Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Security features
    Security System
    Zoning
    G2
    APN
    0609-064-2702-1
    Parking
    56
    Parking features
    Paved or Surfaced
    Interior features
    Shared Restrooms, Security system, Internal sprinkler, Inside storage
    Exterior features
    Signage available
    Size
    9,975 SF
    Lot size
    1.20 Acres

    Utilities

    Heating system
    Forced Air, Zoned (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block, Concrete
    Roof type
    Flat, Membrane, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Stephanie Kohl
    Stephanie Kohl

    Real Broker LLC (855) 450-0442

    Listing agent Stephanie Kohl (855) 450-0442

    Listing date Feb 27, 2026

    MLS# 2017351 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fitchburg Event Space For Sale

    Located in Fitchburg, Wisconsin, this property is approximately 15 minutes from downtown Madison. The building features 9,975 square feet of indoor event space, along with a 1,320-square-foot basement and a 1,932-square-foot outdoor patio, all situated on a 1.2-acre lot. The property includes over 85 parking stalls and a 60-foot bar. Building capacity is 500+, with a use permit for 300. The location benefits from high visibility, with a daily traffic count exceeding 50,000 vehicles, and is located 2 miles from the Beltline highway. Originally renovated in 2015 into a fitness studio, updates included new furnaces, a roof, a sprinkler system, and a security system. The property has maintained electrical, plumbing, and venting systems to accommodate a commercial kitchen. In 2024, it was renovated into an event space, featuring a bridal prep space, a private groom space, a catering kitchen, a ceremony space, a bar area, and a dinner and dance area, with capacity for 200-250 wedding guests. Some business FF&E can be included. The property is zoned G2 and suitable for retail, office, service, restaurant/supper club, tavern, recreation, or other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.471829
    Latitude
    43.021119

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    FAQs

    What type of property is this?
    Wedding venue - Prime location event space near Madison with high visibility.
    Where is this wedding venue located?
    The property is located at 5264 Anton Dr Fitchburg, WI.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime location: Just 15 minutes from downtown Madison, offering high visibility with over 50,000 daily traffic count and easy access to the Beltline highway.; - Boasts a large indoor event space with 9,975 sqft, a building capacity of 500+ and a use permit for 300.; - Extensively renovated in 2024 as an event space, including bridal prep space, groom space, catering kitchen, ceremony space, bar area, and dinner/dance area for 200-250 wedding guests.
    (608) 345-1461
    Request Owner's contact information
    5264 Anton Dr Fitchburg, WI 53719
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5264 Anton Dr Fitchburg, WI 53719
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    We can help!
    Listing Contact
    Stephanie Kohl
    Stephanie Kohl
    (608) 345-1461 (414) 939-3219 (855) 450-0442
    Learn more
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