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Property profile & analytics
FOR LEASE
Turn key restaurants

6617 Odana Rd Madison, WI 53719

35,133 SF 4.53 ac lot Built 1982
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US92-0965445
Property summary
AI-generated overview

This exceptional 9,687-square-foot turnkey restaurant and bar space is available for lease in Dane County, Wisconsin. Previously operating as the Twist Bar & Grill within the Radisson Hotel, this property is now ready for a new operator. The space boasts a fully equipped kitchen featuring two large hoods and walk-in coolers, perfect for a variety of culinary concepts. A striking curved bar is also included, adding to the existing high-quality fixtures and equipment (FF&E). The property's prime location on Odana Road offers unparalleled convenience and visibility, situated minutes from the West Towne Mall, numerous retail and office buildings, and a large residential complex. This provides immediate access to a substantial customer base. The building's previous use as a well-established restaurant and bar ensures a smooth transition for a new tenant. The current owners are open to considering non-restaurant concepts as well, making this a versatile opportunity for a wide range of businesses. This single-tenant space presents a unique chance to establish a thriving enterprise in a high-traffic area with existing infrastructure and a built-in customer base. The property's size and amenities make it ideal for a large-scale operation or a concept requiring significant space and equipment. The location's proximity to major retail and residential areas guarantees high visibility and foot traffic.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1982
Total area 35,133 SF
Lot 4.53 ac (197,386 SF)
Zoning code CC
APN 0708-252-0702-4
UPID US92-0965445
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.66M
Blend (final) Blend
$7.16M
Owner & transaction history
Iri-517 Grand Canyon LLC · 3 yrs held
Iri-517 Grand Canyon LLC
since 2023
Last sale
$6.3M
4 recorded transactions
2023
$6.3M
2022
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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