Turnkey Tavern and Event
8205 Klevenville Riley Road Verona, WI 53593
8205 Klevenville Riley Road, Verona, WI, 53593
$879,000
For Sale
$879,000
COMMERCIAL - Verona, WI
Property Size6,059 SF
Lot Size0.72 Acres
Price / SF$145.07
Days on Market86
Property Features for 8205 Klevenville Riley Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMM
- Interior features
- Public rest rooms, Private Restrooms, Inside storage, Outside storage
- Standard status
- Active
- APN
- 0607-024-0245-1
- Size
- 6,059 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10173
Building Details
- Number of units
- 2
- Roof type
- Composition
- Additional Structures
- Storage
Listing agency
First Weber Hedeman Group
(608) 325-2000
Listed by
Joel Hedeman · License #5649390158310
(608) 325-2000
Added: Apr 28 Updated: Jul 22 at 5:05AM Checked: Jul 22 at 11:06AM
MLS# 2011541
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.
Investment Insights
Based on property information with market context.
Riley Tavern, an established business operating since 1948, offers a turnkey operation with a mix of indoor and outdoor gathering spaces. The property includes a game room and an indoor garden-themed room. Outdoor entertainment features include a covered front porch, a 75 x 90 green space, and a detached event space with roll-up garage doors plus an additional covered patio. The second floor of the tavern provides two bedrooms, two bathrooms, offices, and a living area.
Set in the area between Madison, Verona, and Mount Horeb, the property is described as adjacent to the Military Ridge bike trail. The site sits on 0.72 acres.
The property is listed under zoning described as COMM and has a total size of 6,059 square feet.
Set in the area between Madison, Verona, and Mount Horeb, the property is described as adjacent to the Military Ridge bike trail. The site sits on 0.72 acres.
The property is listed under zoning described as COMM and has a total size of 6,059 square feet.
Key Highlights
- Riley Tavern has operated since 1948, with a long‑standing history in the area between Madison, Verona, and Mount Horeb
- Outdoor setup includes a covered front porch and a 75 x 90 green space, plus a covered patio connected to the detached event space
- Detached event space features roll‑up garage doors, along with an outdoor game room and an indoor garden‑themed room
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.1k | $18.00 |
| − Vacancy | −$5.9k | −$0.97 |
| EGI | $103.2k | $17.03 |
| − OpEx | −$25.8k | −$4.26 |
| NOI | $77.4k | $12.77 |
6,059 SF · lease $18.00/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.11M
$967.2K – $1.29M
NOI $77,379 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,559 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Riley Tavern — 8205 Klevenville-Riley Rd, Verona, WI 53593
FAQs
What type of property is this?
Bar & Pub - Established tavern with indoor event spaces and outdoor entertainment areas, plus living quarters on the second floor.
Where is this bar & pub located?
The property is located at 8205 Klevenville Riley Road Verona, WI.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Riley Tavern has operated since 1948, with a long‑standing history in the area between Madison, Verona, and Mount Horeb; Outdoor setup includes a covered front porch and a 75 x 90 green space, plus a covered patio connected to the detached event space; Detached event space features roll‑up garage doors, along with an outdoor game room and an indoor garden‑themed room
