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625 Dodge St,  Mineral Point,  WI  53565 $325,000 Expired
625 Dodge St,  Mineral Point,  WI  53565
$325,000
Expired
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 Property Type Business/Commercial
 Parcel # 251-0987.06
 County Iowa
 Sub Area J17
 Municipality Mineral Point
 MLS# 1861802
 Listing Date 06/26/2019

MLS Public Remarks  27-Unit Hotel has been well maintained and is ready to go. Excellent business opportunity in the hospitality industry located on a busy high traffic area, Hwy 23-151! All the hotel inventory and furniture is included. Great cash flowing business. Also includes a manager's or owner's suite. Perfect opportunity to be your own boss. Wonderful tradition - long time business in Mineral Point. Established in 1983. Call today and be in business for yourself tomorrow.
Documents and Related Links  
1) Tax Info & Cond Rpt
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Mineral Point
  • C/T/V  City
  • Unit #  
  • Directions  Take Exit 40 Into Mineral Point, Subject Property On The Left On Business Hwy 23-151.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  27
  • Building Gross SqFt  10,400
  • Net Leasable SqFt  0
  • Year Built  1983
  • Source for Year Built  PubR
  • Approx Bldg Dimen  140x60
  • Street Frontage  210
  • Parking Fees/Mo.  $0
  • Onsite Parking  30
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  8
  • Number of Loading Docks  0
  • Zoning  Comm
  • Est. Total Acres  1.44
  • Source Of Est Acres  
  • Lot Dimensions  206x304
  • Owner  
  • Tradename  Redwood Motel
    • ASSESSMENT & TAXES  
  • Land Assessment  $72,000
  • Assessment Year  0
  • Net Taxes  $7,332
  • Tax Year  2018
  • Improvements  $250,000
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • 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 None 0/0/0 No $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included All property in the building is included.
    Items Excluded  All other personal property of the seller.
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air, Radiant
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Poured concrete foundatn
  • Fuel  Electric, Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Motel/Hotel/Bed & Brkfst
  • Exterior Treatment  
  • Building Parking  21-35 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  P & L statement, Property Condition Report
  • Location  Free standing, Near Major Highway
  • Tenant Pays  N/A
  • Present Use  Living quarters, Motel/Hotel/Bed & Brkfst
  • Licenses  Other
  • Lease Type  None
  • Occupied by  
  • Sale Includes  Business name, Easements, Equipment, Furniture, Inventory, Signs
  • Features  Reception area, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Potterton Rule Real Estate Llc