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    Leased Theatre Investment Opportunity Title is generated by Realmo AI

    430 W Munroe Avenue, Wisconsin Dells, WI 53965

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    Claim this Listing
    For Sale
    $3,000,000

    Other,Recreation - Wisconsin Dells, WI

    Lot size:
    8.77 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 430 W Munroe Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    56
    Parking features
    Paved or Surfaced
    Security features
    Security System
    Interior features
    Passenger elevator, Security system
    Exterior features
    Loading dock(s), Signage available
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    146-0551-20000
    Lot size
    8.77 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    22360

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Floors in Building
    2
    Number of units
    1
    Building materials
    Glass
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Kayhart
    Jessica Kayhart

    Listing agent Jessica Kayhart

    Listing office Castle Rock Realty LLC 104 W State St. (CC), Mauston, WI

    Listing date Apr 17, 2026

    MLS# 2018759 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.

    HighLights

    • Leased through 2030 offering immediate income.
    • Prime location in the Wisconsin Dells/Lake Delton area.
    • Approximately 30,000 sq. ft. building, a great convention venue.
    • Features approximately 2,000 theatre‑style seats.
    • Land value supports the listing price.
    • Includes passenger elevator and security system.

    Overview

    This prime entertainment property is anchored by the Crystal Grand Theatre, a large recreation venue designed to support conventions and live events. The approx. 30,000 sq. ft. building is configured as a theatre-style facility with approximately 2,000 seats, making it a proven platform for entertainment programming and organized gatherings. The theatre is currently leased through 2030, creating immediate income potential for a buyer seeking a stabilized hold.

    The property is located in the Wisconsin Dells/Lake Delton area, positioned as a desirable commercial location for recreation-driven businesses. The offering also includes an adjoining 8.77-acre parcel that is available for purchase, expanding the overall opportunity for future development or operational flexibility. The property is zoned Commercial.

    For investors, the current lease term through 2030 provides a clear occupancy and income framework, with the facility’s seating configuration supporting ongoing entertainment and convention use. For operators and buyers evaluating recreation-related concepts, the theatre’s established event environment can reduce turnaround risk when planning programming and hosted events. With the additional adjoining land included in the broader package, the property may also appeal to buyers interested in pairing an existing venue with potential future expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crystal Grand Music ... Music Venue

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wisconsin Dells
    County
    Columbia
    State
    Wisconsin
    Longitude
    -89.8036055
    Latitude
    43.5882855

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    FAQs

    What type of property is this?
    Theater & concert hall - Leased through 2030, this convention-ready theatre offers substantial seating and a rare income-generating entertainment asset.
    Where is this theater & concert hall located?
    The property is located at 430 W Munroe Avenue Wisconsin Dells, WI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Leased through 2030 offering immediate income.; Prime location in the Wisconsin Dells/Lake Delton area.; Approximately 30,000 sq. ft. building, a great convention venue.
    (608) 350-9478
    We can help!
    Listing Contact
    Jessica Kayhart
    Jessica Kayhart
    Real Estate License ID: 8949594
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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.

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