Historic Theater with Restored
216 STATE ST, Madison, WI 53703
For Sale
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The venue is fully leased to Live Nation Worldwide, Inc. under a NNN agreement.
Property Size41,930 SF
Days on Market37
Property Features for 216 STATE ST
General Information
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Site & Location
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Additional Details
Tenant in Place
Building Details
Year Built
Year Renovated
Buildings
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Listing Agency:
Cresa Madison
Listed By:
Matt Apter · License WI 53452-90
(608) 852-3001
Source:
Crexi
Added: Oct 4
Changed: Nov 8
Last Checked: Nov 8 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cresa Madison
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Investment Insights
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This three-story theater contains 41,930 square feet and 1,727 seats. Built in 1927, it is listed on the National Register of Historic Places. Renovations completed in 2013, 2016, and 2022 included seating, carpeting, HVAC, electrical systems, lighting, bar and back-of-house work, and marquee restoration.
Live Nation Worldwide, Inc. occupies the property under a NNN lease running through February 2032. The theater is located on State Street in downtown Madison, two blocks from the Wisconsin State Capitol.
Live Nation Worldwide, Inc. occupies the property under a NNN lease running through February 2032. The theater is located on State Street in downtown Madison, two blocks from the Wisconsin State Capitol.
Key Highlights
- 41,930‑square‑foot, three‑story theater with 1,727 seats
- 100% leased to Live Nation Worldwide, Inc. through February 2032 under a NNN lease
- Renovations in 2013, 2016, and 2022 included seating, carpeting, HVAC, electrical systems, and lighting
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,484
Businesses Nearby
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Business Placement
Demographics for 53703, WI
38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - The venue is fully leased to Live Nation Worldwide, Inc. under a NNN agreement.
Where is this theater & concert hall located?
The property is located at 216 STATE ST Madison, WI.
What are key features of this property?
This property features: 41,930‑square‑foot, three‑story theater with 1,727 seats; 100% leased to Live Nation Worldwide, Inc. through February 2032 under a NNN lease; Renovations in 2013, 2016, and 2022 included seating, carpeting, HVAC, electrical systems, and lighting
