MLS Public Remarks VERY DESIRABLE COMMERCIAL PROPERTY FOR SALE ON JANESVILLE'S NORTH SIDE NEAR HWY 26, HWY 14 & I-90/30. PROPERTY IS FOR SALE OR LEASE. CURRENTLY 2 TENANTS IN PLACE, ONE THROUGH OCTOBER 2020 & ONE MONTH TO MONTH. BUILDING IS IN EXCELLENT CONDITION WITH ROOF, MECHANICALS & MOST INTERIOR FEATURES UPDATED IN LAST 10 YEARS. NEW HVAC UNIT IN 2020. NEWLY PAVED PARKING LOT FOR 50-60 VEHICLES.SALOON TENANT WILLING TO SIGN A NEW 5 YR LEASE.1/2 BLOCK OFF HWY 26 & ADJACENT TO NEW FRONTAGE RD CONNECTING MORSE TO DEERFIELD DR.THIS IS A GREAT INVESTMENT PROPERTY IN A HIGH TRAFFIC AREA. MUST HAVE APPOINTMENT TO BE ON PREMISES.
Location City
Other Marketing Area
Mailing City Janesville
C/T/V City
Unit #
Directions Hwy 26 To E On Morse St
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $30
Total Units/Bldg 2
Building Gross SqFt 6,880
Net Leasable SqFt 6,880
Year Built 1972
Source for Year Built PubR
Approx Bldg Dimen 80x86
Street Frontage 212
Parking Fees/Mo. $0
Onsite Parking 50+
# of Stories 1
Ceiling Height Min 8
Ceiling Height Max 10
Number of Loading Docks 0
Zoning B-4 Comm
Est. Total Acres 1.06
Source Of Est Acres PubR
Lot Dimensions 210x231
Owner
Tradename Na
Land Assessment $369,800
Assessment Year 2020
Net Taxes $23,162
Tax Year 2020
Improvements $633,400
Total Assessment $1,003,200
Income/Expenses Year $2,018
Gross Operating Income $178,137
Annual Operating Exp $46,195
Net Operating Income $131,942
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
Gross |
10/31/2020 |
No |
$134,400 |
$30 |
$0 |
4,416 |
2 |
Gross |
M to M |
No |
$42,000 |
$17 |
$0 |
2,464 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included
Items Excluded All tenants property is excluded.
Heating/Cooling Central air, Forced air
Water/Waste Municipal sewer, Municipal water
Basement
Fuel Natural gas
Seating Capacity
Type Office, Restaurant/Supper Club, Retail, Service, Tavern
Exterior Treatment
Building Parking 56 or more spaces, Onsite, Paved
Roofing All flat, Rubber/membrane
Terms/Option
Miscellaneous
Documents on File Cert. of occupancy, Lease(s), P & L statement, Property Condition Report, Traffic count
Location Business district, Free standing, Near Major Highway, Near public transportatn
Tenant Pays Air Conditioning, Electric, Heat, Janitorial, Sewer, Trash Services, Water
Present Use Office, Restaurant/Supper Club, Service, Tavern
Licenses None
Lease Type Gross
Occupied by
Sale Includes N/A
Features Display window, Inside storage, Outside storage, Private Restrooms, Public rest rooms, Security system, Signage available
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Century 21 Affiliated