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Fun World fixtures auction set for Saturday; building still listed for sale

Land and Space

Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development.

Nov. 30, 2010
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By Tom Daykin of the Journal Sentinel

Nov. 30, 2010 0

Fun World, a family entertainment center in the Town of Brookfield, has closed after its last day of business on Sunday.

In August, I reported that owner Richard "Bart" Jahn, who has operated Fun World since it opened 16 years ago, planned to sell the business. Fun World is profitable, Jahn said, but he's ready to retire and spend more time at his vacation home in northern Wisconsin.

The 25,662-square-foot building, located one block north of Blue Mound Road and about a block west of Janacek Road, is still listed with broker Brian Gingrass, of Commercial Properties Associates Inc. The listed sale price is $3 million. 

Meanwhile, an auction of Fun World's fixtures is scheduled for Saturday. The items being sold include kitchen equipment, arcade games and the 45-foot-high,12-seat Ferris wheel.

Viewing of the items begins at 9 a.m., with the auction to start at 10:30 a.m., Jahn told me Monday. A $300 refundable deposit is being required of bidders. For more information, go to badgerauction.com.

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About Tom Daykin

Tom Daykin covers commercial real estate and development.

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Commercial Real Estate News

Helpful Links and Resources

Check the Milwaukee Assessor’s Office website, which includes tools to look up property assessments.

Find property assessments for other communities throughout the state at AssessorData.org.

The Milwaukee Department of City Development website includes information on the city Plan Commission and Redevelopment Authority.

The Commercial Association of Realtors Wisconsin offers information on commercial realtors and real estate.

The Milwaukee chapter of the Institute of Real Estate Management serves the needs of real estate management professionals

The Wisconsin chapter of the NAIOP Commercial Real Estate Development Association aims to serve developers and owners of commercial real estate.

Awards

The Land and Space blog was recognized by the Society of American Business Editors and Writers in the blog category for dailies with circulation between 200,000 to 500,000.

The judges said, "Daykin’s aggressive reporting and accessible, explanatory writing make him a must-read for his tight-knit and highly engaged audience."


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