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Event Space Near Downtown Madison

5264 Anton Dr, Fitchburg, WI 53719

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For Sale

$1,800,000

Event space with high visibility and ample parking near downtown.

Property size:

9,975 SF

Lot size:

1.20 Acres

Price / SF:

$180/SF

HighLights

Prime location: Just 15 minutes from downtown Madison with high visibility and easy access to Beltline highway.
Large indoor event space: Features 9,975 sqft, plus a 1,932 sqft outdoor patio.
High capacity: Building capacity 500+, use permit for 300, and event space capacity for 200‑250 wedding guests.
Ample parking: 85+ parking stalls.
Recently renovated: Updated in 2015 and 2024 with updated systems.
Equipped for events: Includes bridal prep space, groom space, catering kitchen, ceremony space, 60‑foot bar, and dinner/dance area.

We can help!

Listing Contact

Stephanie Kohl

For Sale

$1,800,000

Event space with high visibility and ample parking near downtown.

Property size:

9,975 SF

Lot size:

1.20 Acres

Price / SF:

$180/SF

Added:: Jan 17, 2025
Days on Market:: 510
Last Refresh:: Jan 20 at 9:34 am

Property Features for 5264 Anton Dr

General Information

Standard status: Active
Size: 9,975 SF
Lot size: 1.20 Acres

We can help!

Listing Contact

Stephanie Kohl

Listing agent Stephanie Kohl

Listing office Compass Real Estate Wisconsin

Listing date Jan 17, 2025

Source Exprealty

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 Compass Real Estate Wisconsin

HighLights

Prime location: Just 15 minutes from downtown Madison with high visibility and easy access to Beltline highway.
Large indoor event space: Features 9,975 sqft, plus a 1,932 sqft outdoor patio.
High capacity: Building capacity 500+, use permit for 300, and event space capacity for 200‑250 wedding guests.
Ample parking: 85+ parking stalls.
Recently renovated: Updated in 2015 and 2024 with updated systems.
Equipped for events: Includes bridal prep space, groom space, catering kitchen, ceremony space, 60‑foot bar, and dinner/dance area.

Overview

This property, located 15 minutes from downtown Madison, offers high visibility with a daily traffic count exceeding 50,000 vehicles and is situated 2 miles from the Beltline highway. The building features 9,975 square feet of indoor event space, a 1,320 square foot basement, and a 1,932 square foot outdoor patio, all set on a 1.2-acre lot with over 85 parking stalls. The building has a capacity of 500+ with a use permit for 300. A 60-foot bar is a prominent feature. Originally renovated in 2015 into a fitness studio with new furnaces, roof, sprinkler system, and security system, it retains electrical, plumbing, and venting systems suitable for a commercial kitchen. In 2024, it was renovated into an event space, including a bridal prep space, private groom space, catering kitchen, ceremony space, bar area, and dinner and dance area, accommodating 200-250 wedding guests. Some business FF&E may be included.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$179.6k	$18.00
− Vacancy	−$9.7k	−$0.97
EGI	$169.9k	$17.03
− OpEx	−$42.5k	−$4.26
NOI	$127.4k	$12.77

9,975 SF · lease $18.00/SF/yr · vacancy 5.40% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,391 @ 7.0% cap · market cap 7.08%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.32M

$2.03M – $2.70M (±1% cap)

NOI $162,259 @ 7.0% cap · market cap 9.01%

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

Property Profile 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

Similar Places Nearby

Starbucks — 2920 Fitchrona Rd, Fitchburg, WI 53719
Starbucks — 6321 McKee Rd, Fitchburg, WI 53719
Hy-Vee Market Grille — 2920 Fitchrona Rd, Fitchburg, WI 53719
Yahara Bay Distillers Inc — 6250 Nesbitt Rd #200, Madison, WI 53719
Wahlburgers @ Hy-Vee — 2920 Fitchrona Rd, Fitchburg, WI 53719

Location Insight

Map
Local Demand

City: Fitchburg
County: Dane
State: Wisconsin
Longitude: -89.5019
Latitude: 43.028

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For sale
Bars & Pubs
WI
Fitchburg
53719
5264 Anton Dr

What type of property is this?

Bar & Pub - Event space with high visibility and ample parking near downtown.

Where is this bar & pub located?

The property is located at 5264 Anton Dr Fitchburg, WI.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Prime location: Just 15 minutes from downtown Madison with high visibility and easy access to Beltline highway.; Large indoor event space: Features 9,975 sqft, plus a 1,932 sqft outdoor patio.; High capacity: Building capacity 500+, use permit for 300, and event space capacity for 200‑250 wedding guests.