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8205 Klevenville Riley Rd

8,400 SF Retail Building Verona, WI 53593 $949,000 ($113/SF)

Investment Highlights

  • Beautiful country setting
  • Historic charm with a large outdoor event area
  • Close to a large & growing metropolitan area

Executive Summary

Most recent assessment places fair market value of lot & improvements at $846,200.
Located just outside of Madison, Wisconsin near the quickly
growing town of Verona. This beloved tavern is a cozy, somewhat eclectic watering hole
that has been the heart of the area for decades. The facility offers a close to 5,000 square
foot event venue, which is gaining popularity with locals and tourists alike. The fully licensed
event venue and expansive courtyard are the perfect setting for events of any size or
kind.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,400 SF
Building Class
C
Year Built
1960
Price
$949,000
Price Per SF
$113
Business Value
$325,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Land Acres
0.72 AC
Zoning
C-1 - Commercial
Frontage
250 FT on Klevenville Riley Rd

Amenities

  • Courtyard
  • Fenced Lot
  • Restaurant

About 8205 Klevenville Riley Rd , Verona, WI 53593

Truly one of the most unique and cherished establishments in the Madison/Dane County Area, this tavern and event venue boasts very healthy and steadily growing cash flow, with an incredible opportunity for increased sales! The historic tavern has the cozy feel of old days, while the beautiful outdoor area draws motorcyclists, snowmobilers, and groups of people that are riding the scenic Military Ridge Bike Trail. The tavern stays lively through all seasons. The scenic event venue is great for large events, offering spectacular views and and a comfortable setting inside a converted garage. With recent license requirements passed for event venues in Wisconsin, it is set with a Class B Liquor License and ready to expand the events revenue.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0607-024-0245-1
Land Assessment
$56,500 (2023)
Improvements Assessment
$358,500 (2023)
Total Assessment
$415,000 (2023)
  • Listing ID: 32624621

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 8205 Klevenville Riley Rd, Verona, WI 53593

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