Future Hangar Expansion at Madison Municipal Airport

HANGAR ELECTRIC NOW AVAILABLE!

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CURRENT LOTS FOR SALE

LOT J1 - SOLD

LOT L1 - AVAILABLE

LOT J2 - AVAILABLE

LOT L2 - AVAILABLE

LOT J3 - AVAILABLE

LOT L3 - AVAILABLE

LOT J4- AVAILABLE

LOT J5 - AVAILABLE

LOT L4 - AVAILABLE

Hangar Lease Key Points

• 40 Year Lease renewable up to an additional 40 years! That's 80 years total!
• The lease is transferable! If you decide to sell the hangar, the lease transfers to the next owner!
• Property Tax Exempt
• Sub Lease at your discretion

Utilities

Currently new hangar areas have Electric within hook up distance. Gas, Water, and Sewage will be available at a future date.

Duke Energy

Vectren Energy

City of Madison

Build it how you want it

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Hangar Land Lease and Impact Fees

​Hangar Leases are based off of the following formula:
(((Hangar Square Footage) * Acre Sq Footage 43,560) * Current Property Value $22,000 per acre)/10 years = Hangar Lease

​Here are some examples:

Hangar Width	Hangar Depth	Annual Land Lease	One Time Impact Fee
40	50	$220	$6,000
45	50	$220	$6,750
50	60	$220	$7,500
60	80	$242.42	$9,000
80	80	$323.23	$12,000

Minimum Annual Land Leases are $220 until 2020. Impact fees are a minimum of $5000.

Why build at IMS?

1. Fantastic Investment Opportunity
2. You won't have to property tax on your hangar
3. Based Aircraft Fuel Discount

What is permitted?

• Storage of active aircraft.
• Shelter for maintenance, repair, or refurbishment of aircraft, but not the indefinite storage of non-operational aircraft.
• Construction of amateur-built or kit-built aircraft provided that activities are conducted safely;
• Storage of aircraft handling equipment, e.g., tow bar, glider tow equipment, workbenches, and tools and materials used to service, maintain, repair or outfit aircraft; items related to ancillary or incidental uses that do not affect the hangars' primary use.
• Storage of materials related to an aeronautical activity, e.g., balloon and skydiving equipment, office equipment, teaching tools, and materials related to ancillary or incidental uses that do not affect the hangars' primary use; V' Storage of non-aeronautical items that do not interfere with the primary aeronautical purpose of the hangar (for example, televisions, furniture).
• A vehicle parked at the hangar while the aircraft usually stored in that hangar is flying, subject to local airport rules and regulations.

What is not permitted?

• Use as a residence.
• Operation of a non-aeronautical business, e.g., limo service, car and motorcycle storage, storage of inventory, non-aeronautical business office.
• Activities which impede the movement of the aircraft in and out of the hangar or other aeronautical contents of the hangar.
• Activities which displace the aeronautical contents of the hangar or impede access to aircraft or other aeronautical contents of the hangar.
• Storage of household items that could be stored in commercial storage facilities.
• Long-term storage of derelict aircraft and parts.
• Storage of items or activities prohibited by local or state law.
• Fuel, and other dangerous and Hazmat materials.
• Storage of inventory or equipment supporting a municipal agency function unrelated to the aeronautical use.

I'm interested in building after reading the information, now what?

1. Figure out your building cost
2. Contact Airport Manager Brent Spry with Building Plan and Lot location you wish to build on.
3. Once site has been approved, Building Permits can be obtained from City of Madison.
4. Once Payment is received, you will be given a Notice To Proceed from Airport
5. Filing with FAA
6. Build your hangar
7. Establish Land Lease with Airport
8. You're Done! Welcome!

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Resources

Builders

Door Manufacturers

Gosman Builders, Inc.

Diamond Doors

ExteriorPro

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Download Cost Calculator

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Download Sample Lease