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Renovated Wedding Venue with Ballroom
For Sale
$895,000

748 Central Avenue, Florence, WI 54121

Historic event property with commercial kitchen, bar service, furnishings, and multiple existing business occupants.

Property Size15,400 SF
Price / SF$58.12
Days on Market411

Property Features for 748 Central Avenue

General Information

Standard status Active
Size 15,400 SF

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Furnished Yes
Liquor License Yes

Taxes and HOA fees

Annual Taxes $6,373

Building Details

Buildings 1
Tenancy Multi
Listing Agency: KELLER WILLIAMS CLASSIC REALTY NW
Listed By: NICOLE HEBERT · License #43811
Source: Exprealty
Added: Jul 16, 2025 Changed: Aug 30 Last Checked: Aug 30 at 10:28AM

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 KELLER WILLIAMS CLASSIC REALTY NW

Investment Insights

Based on property information with market context.

This renovated historic commercial property is configured for weddings, private functions, corporate gatherings, training seminars, and other hosted events. The centerpiece is a grand ballroom accommodating up to 300 guests, supported by a 50 ft bar area, full commercial kitchen, additional bar, tables, chairs, and included inventory. A Wisconsin liquor license is also in place.

The property occupies a highly visible position on US Highway 2 in Florence, WI. Current occupancy includes a tanning business, martial arts studio, and exercise/gym area, providing established rental activity alongside the event venue. The existing improvements and included furnishings support continued operation as an event-focused property, with the source also identifying potential for brewery, supper club, upscale event, or business incubator uses.

Key Highlights

  • Grand ballroom accommodates up to 300 guests
  • 50 ft bar area and full commercial kitchen
  • Tables, chairs, and inventory included

Property Analytics

Current Use

The Encore Conference Center

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Pharmacy Veterinary Clinic Barber Shop Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

181
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 61% Groceries 39%
Pat's Foods Groceries
4,607 visits/mo 0.2 miles
BP Shops & Services
4,079 visits/mo 0.2 miles
Family Dollar Shops & Services
2,420 visits/mo 0.0 miles
Carquest Auto Parts # 4978 Shops & Services
711 visits/mo 0.1 miles

Demographics for 54121, WI

3,149
Population
3,238
Households
1
Avg Household Size
55
Median Age
26%
College-Educated
92%
High-School Grad
272.1 sq mi
ZIP Area
12
Density / Sq Mi
$57,927
Median Household Income
$37,348
Median Earnings
$923
Median Rent
$176,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Wedding venue - Historic event property with commercial kitchen, bar service, furnishings, and multiple existing business occupants.
Where is this wedding venue located?
The property is located at 748 Central Avenue Florence, WI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Grand ballroom accommodates up to 300 guests; 50 ft bar area and full commercial kitchen; Tables, chairs, and inventory included
More about this property
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