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1031 Mills St 7,030 SF 100% Leased Retail Building Black Earth, WI 53515 $798,250 CAD ($113.55 CAD/SF)



Investment Highlights
- Offered at $579,000, including real estate, business, and all FF&E for a true turnkey acquisition.
- Multiple revenue streams from bowling, leagues, bar service, food offerings, and private events.
- Outdoor patio space provides additional seating and seasonal revenue potential.
- Features eight original wood bowling lanes with authentic character and well-maintained finishes.
- Includes a central bar with integrated food service capabilities and an attractive social layout.
- Located near Madison, Wisconsin, with access to a strong local customer base and regional traffic.
Executive Summary
Black Earth Lanes offers a rare opportunity to acquire a fully operational, turnkey bowling alley and tavern located approximately 20 miles west of Madison, Wisconsin. Priced at $579,000, this sale includes the real estate, business operations, and all furniture, fixtures, and equipment, ensuring immediate operational continuity for a new owner.
The property features eight original wood bowling lanes, delivering an authentic experience that is increasingly difficult to replicate. The venue serves as a longstanding community hub, supported by league play, open bowling, private events, and a strong bar-driven atmosphere. Integrated food service capabilities within the bar area allow for efficient operations and multiple revenue streams, including bowling, leagues, food and beverage sales, and event hosting.
Recent updates include HVAC, electrical improvements, new signage, security cameras, and upgraded kitchen and bar equipment, ensuring a well-maintained and functional facility. The property also offers an outdoor patio space for additional seating and seasonal revenue opportunities.
Located in Dane County, the business benefits from a loyal local customer base and regional traffic drawn by nearby attractions such as The ShoeBox, Black Earth Children’s Museum, and American Player’s Theatre. With its established reputation and in-place infrastructure, this property provides a compelling investment for an owner-operator or regional operator seeking expansion with meaningful upside potential.
The property features eight original wood bowling lanes, delivering an authentic experience that is increasingly difficult to replicate. The venue serves as a longstanding community hub, supported by league play, open bowling, private events, and a strong bar-driven atmosphere. Integrated food service capabilities within the bar area allow for efficient operations and multiple revenue streams, including bowling, leagues, food and beverage sales, and event hosting.
Recent updates include HVAC, electrical improvements, new signage, security cameras, and upgraded kitchen and bar equipment, ensuring a well-maintained and functional facility. The property also offers an outdoor patio space for additional seating and seasonal revenue opportunities.
Located in Dane County, the business benefits from a loyal local customer base and regional traffic drawn by nearby attractions such as The ShoeBox, Black Earth Children’s Museum, and American Player’s Theatre. With its established reputation and in-place infrastructure, this property provides a compelling investment for an owner-operator or regional operator seeking expansion with meaningful upside potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,030 SF
Building Class
C
Year Built
1947
Price
$798,250 CAD
Price Per SF
$113.55 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.52
Lot Size
0.31 AC
Zoning
B1 - General Commercial
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0806-264-2539-1 | Improvements Assessment | $417,048 CAD |
| Land Assessment | $93,474 CAD | Total Assessment | $510,521 CAD |
Property Taxes
Parcel Number
0806-264-2539-1
Land Assessment
$93,474 CAD
Improvements Assessment
$417,048 CAD
Total Assessment
$510,521 CAD
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1031 Mills St
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