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    W6423 Hwy Jefferson, WI 53549

    For Sale
    $595,000

    Turn-key business, 11 acres, highway location.

    Property size:
    1,950 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional opportunity presents the chance to own a piece of Wisconsin cinematic history. The property, located on approximately 11 acres along Highway 18 between Madison and Milwaukee, offers a fully operational drive-in theater. The theater boasts a 90-foot screen, ample parking for 540 vehicles with individual speaker systems, and two digital projectors ensuring a modern viewing experience. A concessions building is included, equipped with some existing equipment, ready for immediate use. The property also features a retro neon road sign, a point-of-sale system, and security cameras for enhanced operational efficiency. Priced at $595,000, this turn-key operation includes approximately 1,950 square feet of building space. An exciting expansion opportunity exists with approximately 8 additional commercial acres available for purchase, pending a land split, allowing for significant growth potential. This prime location and established business offer a unique and lucrative investment prospect. The property is ready for a new owner to continue its legacy and capitalize on its established customer base.

    Property Features for W6423 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,950 SF
    Lot Size
    479,160 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jefferson
    County
    JEFFERSON
    State
    Wisconsin
    Longitude
    -88.8038
    Latitude
    42.9984

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    FAQs

    What type of property is this?
    Commercial real estate - Turn-key business, 11 acres, highway location.
    Where is this commercial real estate located?
    The property is located at W6423 Hwy Jefferson, WI.
    What is the asking price?
    The asking price for this property is $595,000.
    (920) 648-7755
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    Realmo Value Estimation

    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.

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    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.

    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
    W6423 Hwy Jefferson, WI 53549
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