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1180 Madison Road,  Beloit,  WI  53511 $599,000 Active
1180 Madison Road,  Beloit,  WI  53511
$599,000
Active
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 Property Type Business/Commercial
 Parcel # 206 12740436
 County Rock
 Sub Area P02
 Municipality Beloit
 MLS# 1973310
 Listing Date 03/20/2024

MLS Public Remarks  If you need an alibi, we have one for you. The Alibi is a well-established, well known turnkey operation with proven profitability and endless potential for continued success. Retirement is the only reason the owner is looking to sell. Known for their great food, 1/2 price burgers, friendly atmosphere & cleanliness. It comes with a fully equipped commercial kitchen, fully stocked well-appointed bar/serving area, plenty of tables and bar seating & a spacious outdoor patio with seating and an outdoor heater. Established clientele, established pool leagues, dart leagues, gaming, Friday Fish fry, karaoke, & other special events. No updating needed, ADA compliant. Prime location/exposure. New commercial front door, Furnace & AC 2018. Own a piece of the American dream & schedule today.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Beloit
  • C/T/V  City
  • Unit #  
  • Directions  Liberty Avenue To Madison Rd
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  1
  • Building Gross SqFt  2,447
  • Net Leasable SqFt  0
  • Year Built  1964
  • Source for Year Built  PubR
  • Approx Bldg Dimen  64x44
  • Street Frontage  70
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  1
  • Ceiling Height Min  9
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  C-2
  • Est. Total Acres  0.45
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  Drake'S Alibi
    • ASSESSMENT & TAXES  
  • Land Assessment  $53,700
  • Assessment Year  2023
  • Net Taxes  $3,168
  • Tax Year  2023
  • Improvements  $145,800
  • Total Assessment  $199,500
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 0 0 No $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included All kitchen equipment, refrigerators, freezers, walk-in cooler, all tables and chairs, TV's, picnic tables
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  51-75 persons
    • EXTERIOR FEATURES  
  • Type   Restaurant/Supper Club, Tavern
  • Exterior Treatment  Brick, Wood
  • Building Parking  11-20 spaces
  • Roofing  Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing
  • Tenant Pays  N/A
  • Present Use  Restaurant/Supper Club, Tavern
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  None
  • Occupied by  Owner
  • Sale Includes  Equipment, Furniture, Signs
  • Features  Inside storage, Private office(s), Public rest rooms, Security lighting, Security system, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Century 21 Affiliated