W6423 Hwy Jefferson, WI 53549
This exceptional opportunity presents the chance to own a piece of Wisconsin cinematic history. The property, located on approximately 11 acres along Highway 18 between Madison and Milwaukee, offers a fully operational drive-in theater. The theater boasts a 90-foot screen, ample parking for 540 vehicles with individual speaker systems, and two digital projectors ensuring a modern viewing experience. A concessions building is included, equipped with some existing equipment, ready for immediate use. The property also features a retro neon road sign, a point-of-sale system, and security cameras for enhanced operational efficiency. Priced at $595,000, this turn-key operation includes approximately 1,950 square feet of building space. An exciting expansion opportunity exists with approximately 8 additional commercial acres available for purchase, pending a land split, allowing for significant growth potential. This prime location and established business offer a unique and lucrative investment prospect. The property is ready for a new owner to continue its legacy and capitalize on its established customer base.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.