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102 S Madison St,  Lancaster,  WI  53813 $230,000 Expired
102 S Madison St,  Lancaster,  WI  53813
$230,000
Expired
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 Property Type Business/Commercial
 Parcel # 246-00160-0000
 County Grant
 Sub Area G23
 Municipality Lancaster
 MLS# 1860680
 Listing Date 06/14/2019

MLS Public Remarks  ROI is over 9% at current valuation! This is Lancaster's premier business location! Busiest intersection in town! Accommodation for two businesses on street level - one currently in multi-year lease. Five apartments on second floor. Nearly 100% occupancy history. Third floor once held civic club rooms; nice floors - possibilities! 24-hr notice for apartment showings.
Documents and Related Links  
1) Seller Condition Disclosure
2) Tenant Data
3) P&L Statement
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Lancaster
  • C/T/V  City
  • Unit #  
  • Directions  Located Across Madison St (hwy 61) From Grant County Courthouse.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $4
  • Total Units/Bldg  7
  • Building Gross SqFt  12,328
  • Net Leasable SqFt  10,096
  • Year Built  1900
  • Source for Year Built  PubR
  • Approx Bldg Dimen  Irreg
  • Street Frontage  156
  • Parking Fees/Mo.  $0
  • Onsite Parking  Curbside
  • # of Stories  3
  • Ceiling Height Min  8
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  G2-Comm
  • Est. Total Acres  0.12
  • Source Of Est Acres  LAgnt
  • Lot Dimensions  Irregular
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $10,000
  • Assessment Year  2019
  • Net Taxes  $3,273
  • Tax Year  2019
  • Improvements  $145,600
  • Total Assessment  $155,600
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $3
  • Gross Operating Income  $34,560
  • Annual Operating Exp  $11,060
  • Net Operating Income  $23,500
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 5-yr 08/13/2022 Yes $12,060 $4 $0 3,312
    2 See docs 0 0 $0 $0 $0 0
    3 See docs 0 0 $0 $0 $0 0
    Items Included Stoves(5), refrigerators(5), washer(1), dryer(1), all window dressings
    Items Excluded  Personal property of residential tenants; business and personal property of commercial tenants.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Radiant
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric, Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Apartment building, Beauty/barber, Office, Retail, Service
  • Exterior Treatment  
  • Building Parking  6-10 spaces, Offsite
  • Roofing  Rubber/membrane
  • Terms/Option  Land contract
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), P & L statement
  • Location  Business district, Corner, Near Major Highway
  • Tenant Pays  Air Conditioning, Electric, Heat
  • Present Use  Apartment building, Retail
  • Licenses  None
  • Lease Type  Month to month, Multiple years
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  Alley, Display window, Inside storage, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Lancaster Realty