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Flexible Event Venue | Possible Redevelopment 5264 Verona Rd 9,975 SF Vacant Retail Building Online Auction Sale Fitchburg, WI 53711


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Investment Highlights
- 5264 Anton Drive presents a 9,975-square-foot flex retail building recently renovated for an event space and can accommodate versatile reuse.
- Adaptable layout of a 1.2-acre lot with a flexible floor plan and recent updates provides seamless potential for a wide range of business concepts.
- Fitchburg, south of Madison, is one of the fastest-growing parts of the Madison metro and is known for its mix of city convenience and rural charm.
- With full frontage and visibility along Verona Road (Highway 151), the location offers maximum exposure to 50,000+ vehicles passing by daily.
- Supported by major employers in healthcare, manufacturing, and technical services, plus economic incentives offering long-term profitability.
- 5264 Anton Drive is only 2 miles from the Beltline (Highway 12/18) which links to the interstate, providing easy accessibility for future businesses.
Executive Summary
Welcome to the redevelopment/reuse opportunity at 5264 Anton Drive, a 9,975-square-foot adaptable retail property most recently used as an event center, with some business FF&E included in the sale. Should new ownership pursue redevelopment, this 1.2-acre property is within Fitchburg’s Tax Increment District #17, zoned G2 Commercial, making it ideal for mixed-use, residential, or commercial redevelopment projects aligned with the City’s Anton Drive Redevelopment Plan.
Initially constructed in the early 1970s, 5264 Anton Drive has been renovated over the years and most recently in 2024, repurposed into an event space ideal for weddings, offering a bridal prep space, private groom space, catering kitchen, ceremony space, bar area, dinner and dance area, and capacity for 200-250 wedding guests. It also currently features 85+ parking stalls, a 60’ bar, and, with building capacity permitting, 300 guests. Its second-most-recent renovation in 2015 brought new furnaces, roof, sprinkler system, and security system; the building has maintained its electrical, plumbing, and venting systems since then to accommodate a commercial kitchen.
This property is in a prime location, 15 minutes from Downtown Madison, and is exposed to more than 50,000 daily passing vehicles on State Highway 18 (2 miles). The University of Wisconsin–Madison is about 5 miles northeast and annually enrolls more than 6,100 students. The university’s consistent influx of students fuels consumer spending in the area, supporting Fitchburg’s retail, entertainment, and dining establishments. Fitchburg is expected to continue growing rapidly. Fitchburg's local government has developed the “Growing Fitchburg 2030” plan, focused on principles of sustainability, equity, vibrancy, and cooperation to guide the area into the next phase of its existence.
Whether you're looking to redevelop or repurpose, this high-visibility location offers flexibility, exposure, and strong potential for value creation. Start your own wedding venue, music venue, open a new restaurant, or turn this building into anything you can dream of. The possibilities are endless, and the location is perfect.
Please note: eligibility for potential TIF/TID incentives, subject to alignment with city land use objectives and a pro forma analysis by Ehlers, the City’s financial advisors.
Property tours are by appointment only. Please contact the listing broker to schedule.
Initially constructed in the early 1970s, 5264 Anton Drive has been renovated over the years and most recently in 2024, repurposed into an event space ideal for weddings, offering a bridal prep space, private groom space, catering kitchen, ceremony space, bar area, dinner and dance area, and capacity for 200-250 wedding guests. It also currently features 85+ parking stalls, a 60’ bar, and, with building capacity permitting, 300 guests. Its second-most-recent renovation in 2015 brought new furnaces, roof, sprinkler system, and security system; the building has maintained its electrical, plumbing, and venting systems since then to accommodate a commercial kitchen.
This property is in a prime location, 15 minutes from Downtown Madison, and is exposed to more than 50,000 daily passing vehicles on State Highway 18 (2 miles). The University of Wisconsin–Madison is about 5 miles northeast and annually enrolls more than 6,100 students. The university’s consistent influx of students fuels consumer spending in the area, supporting Fitchburg’s retail, entertainment, and dining establishments. Fitchburg is expected to continue growing rapidly. Fitchburg's local government has developed the “Growing Fitchburg 2030” plan, focused on principles of sustainability, equity, vibrancy, and cooperation to guide the area into the next phase of its existence.
Whether you're looking to redevelop or repurpose, this high-visibility location offers flexibility, exposure, and strong potential for value creation. Start your own wedding venue, music venue, open a new restaurant, or turn this building into anything you can dream of. The possibilities are endless, and the location is perfect.
Please note: eligibility for potential TIF/TID incentives, subject to alignment with city land use objectives and a pro forma analysis by Ehlers, the City’s financial advisors.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
9,975 SF
Building Class
C
Year Built/Renovated
1972/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.23 AC
Parcel Number
0609-064-2702-1
Zoning
GB-G2 - Zoned: General Business Commercial G2
Parking
85 Spaces (8.52 Spaces per 1,000 SF Leased)
Frontage
182’ on Verona
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
11,341
79,020
187,714
2020 Population
11,418
77,275
181,805
2029 Population
11,688
81,870
194,731
2024-2029 Projected Population Growth
3.1%
3.6%
3.7%
Daytime Employees
4,928
45,288
154,460
Total Businesses
417
4,386
15,186
Average Household Income
$85,587
$111,006
$106,450
Median Household Income
$55,709
$85,560
$79,483
Total Consumer Spending
$124.9M
$1.1B
$2.6B
Median Age
33.7
37.1
34.3
2024 Households
4,504
33,757
82,073
Percent College Degree or Above
24%
31%
30%
Average Home Value
$314,760
$373,796
$415,526
$ values in USD
Nearby Major Retailers
Sale Advisor
Sale Advisor
Stephanie Kohl, Realtor- Compass Wisconsin
As a foodie and fitness lover, she helps buyers identify with -- and sellers showcase -- the value of the lifestyle Madison offers, including all the hiking, biking, camping, and dining options. “There is truly something for everyone here” Stephanie says.
Stephanie Kohl is part of a group of focused, hard-working, creative professionals who make up the team of savvy real estate experts at Compass.
Finding your dream home or selling your house is a very personal and often overwhelming experience and it is important to have the right support and guidance along the way.
Stephanie Kohl is part of a group of focused, hard-working, creative professionals who make up the team of savvy real estate experts at Compass.
Finding your dream home or selling your house is a very personal and often overwhelming experience and it is important to have the right support and guidance along the way.
About the Auction Technology
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Auction Contact
Victoria Quade
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 937838-91 Ten-X Auction Firm 481-53 Samantha Corbat Auctioneer 4028-52
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
Kohl Realty
Flexible Event Venue | Possible Redevelopment | 5264 Verona Rd
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Flexible Event Venue | Possible Redevelopment | 5264 Verona Rd
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