$700,000
SOLD SEP 4, 2025

W6423 U S 18 Jefferson, WI 53549

-- Bed
-- Bath
1,950 Sq Ft
19.72 Acres

Recently Sold

$359 Per Sq Ft

12% Below List Price

103 Days on Market

About This Home

As of September 2025

For some, a Drive-In Theater evokes a sense of nostalgia; a way to relive a by-gone era. For others, it offers a unique experience. You can be a part of WI cinematic history as the next owner of this iconic theater! This turn-key property on 19+ acres is located on a major highway between Madison & Milwaukee. It features a 90' screen, pole space for 540 cars, drive-in speakers, concessions building with some equipment included, 2 digital projectors, retro neon road sign, point-of-sale system, security cameras & so much more. Your new business adventure awaits!

Last Agent to Sell the Property

Barry Luce

RE/MAX Community Realty License #50496-90 Listed on: 05/15/2025

RE/MAX Community Realty

Last Buyer's Agent

Steve Mode

Wayne Hayes Real Estate LLC License #60301-90

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,312

Lot Details

  • 19.72 Acre Lot
  • Property fronts a state road

Parking

  • 540 Parking Spaces

Interior Spaces

  • 1,950 Sq Ft Home

Listing and Financial Details

  • Exclusions: Seller's personal property.
  • Assessor Parcel Number 01406140921000

Property Details

Property Type

Other

Est. Annual Taxes

$3,312

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 19.72
  • Road Frontage Type: State Road
  • Inclusions: 90' Selby Screen, 2 digital projectors with assoc sound racks, 200+ drive-in speakers, concession stand equipment (see addendum 1), firehood suppression system, Axis security camera system, Clover Point of Sale (POS) system, misc items included on Addendum 1.
  • Directions: From Hwy 26 in Jefferson, go W on Hwy 18. Near intersection of Hwy 18 & 89.
  • Property Information:Est Total Sq Ft: 1950
  • Special Features: None

Interior Features

  • Has Basement: None

Exterior Features

  • Exclusions: Seller's personal property.
  • Construction Type: Other
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 540

Utilities

  • Green Building Features: Rest Rooms

Lot Info

  • Lot Size Sq Ft: 859003.2
  • Parcel #: 01406140921000

Tax Info

  • Tax Annual Amount: 3312
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2025
Closed on
Sep 4, 2025
Sold by
Highway 18 Outdoor Theatre Llc
Bought by
Fiege Properties Llc
Seller's Agent
Barry Luce
RE/MAX Community Realty
Buyer's Agent
Steve Mode
Wayne Hayes Real Estate LLC
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%
Views
51
Current Estimated Value
$702,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,451
Avg. Annual Appreciation
1.13%
Original Mortgage
$560,000
Outstanding Balance
$560,000
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving
Estimated Equity
$142,451

Purchase Details

Closed on
Apr 17, 2020
Sold by
Schroeder David G and Schroeder Diana L
Bought by
Schroeder David G and Schroeder Diana L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 Sold $700,000 -12.4% $359 / Sq Ft
08/26/2025 08/26/25 Pending -- -- --
05/15/2025 05/15/25 For Sale $799,000 +14.1% $410 / Sq Ft
12/12/2024 12/12/24 Off Market $700,000 -- --
11/08/2024 11/08/24 Price Changed $799,000 -6.0% $410 / Sq Ft
03/26/2024 03/26/24 Price Changed $850,000 -5.0% $436 / Sq Ft
09/21/2023 09/21/23 For Sale $895,000 -- $459 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,983 $457,900 $368,200 $89,700
2023 $3,140 $172,200 $82,500 $89,700
2022 $3,313 $172,500 $82,800 $89,700
2021 $3,094 $172,400 $82,700 $89,700
2020 $2,924 $172,100 $82,400 $89,700
2019 $3,257 $171,900 $82,200 $89,700
2018 $3,191 $172,200 $82,500 $89,700
2017 $3,074 $172,200 $82,500 $89,700
2016 $3,415 $179,700 $82,500 $97,200
2015 $3,312 $179,700 $82,500 $97,200
2014 $3,184 $179,600 $82,400 $97,200
2013 $3,338 $179,700 $82,500 $97,200
Source: Public Records

Agents Affiliated with this Home

  • Barry Luce

    Seller's Agent in 2025

    Barry Luce

    RE/MAX

    (920) 222-9307

    3 in this area

    93 Total Sales

    Barry Luce
    Section Image
  • Steve Mode

    Buyer's Agent in 2025

    Steve Mode

    Wayne Hayes Real Estate LLC

    (414) 331-6704

    13 in this area

    95 Total Sales

    Steve Mode
    Section Image
See All Agents

Map

Source: Metro MLS

MLS Number: 1851234

Metro MLS

APN: 014-0614-0921-000

Wisconsin Jefferson County Jefferson 53549

W6423 U S 18, Jefferson, WI

Sold

Other

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