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422 S Pier Dr,  Sheboygan,  WI  53081 $1,400,000 Expired
422 S Pier Dr,  Sheboygan,  WI  53081
$1,400,000
Expired
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 Property Type Business/Commercial
 Parcel # 59281322029
 County Sheboygan
 Sub Area Y01
 Municipality Sheboygan
 MLS# 1872745
 Listing Date 11/18/2019

MLS Public Remarks  Lino Ristorante Italiano is the highest rated and most desired restaurant in Wisconsin with a perfect 5 star rating. The building sits on waterfront directly across from the world famous Blue Harbor Resort and Water park, with a design inspired by Luigi Natali world famous architecture. This business was developed with one goal "successes", which is exactly what we have. Every night people from across the state travel to enjoy the best food, wine and atmosphere available anywhere. Turn key opportunity with unlimited potential for right buyer.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Sheboygan
  • C/T/V  City
  • Unit #  
  • Directions  Head Eat To S Pier Dr Located Direct Across From Blue Harbor
    • 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  3,400
  • Net Leasable SqFt  3,400
  • Year Built  2008
  • Source for Year Built  Othr
  • Approx Bldg Dimen  36x52
  • Street Frontage  100
  • Parking Fees/Mo.  $0
  • Onsite Parking  26
  • # of Stories  1
  • Ceiling Height Min  12
  • Ceiling Height Max  15
  • Number of Loading Docks  0
  • Zoning  commercial
  • Est. Total Acres  0.13
  • Source Of Est Acres  Othr
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $56,100
  • Assessment Year  2018
  • Net Taxes  $11,049
  • Tax Year  2018
  • Improvements  $347,900
  • Total Assessment  $40,400
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,018
  • Gross Operating Income  $504,836
  • Annual Operating Exp  $362,781
  • Net Operating Income  $142,054
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 na na 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included All equipment, Name, dishware, cappuccino machine, furniture, wine, liquor, food, 6 months of transitional assistance by Lino. Inventory list avaialb
    Items Excluded  Seller personal property, artwork, dishwasher (rented).
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  76-100 persons
    • EXTERIOR FEATURES  
  • Type   Restaurant/Supper Club
  • Exterior Treatment  
  • Building Parking  21-35 spaces
  • Roofing  Metal
  • Terms/Option  
  • Miscellaneous  Waterfront
    • OTHER FEATURES  
  • Documents on File  Fixtures & equipment, Inventory list, P & L statement
  • Location  Business district, Free standing, Shopping center
  • Tenant Pays  Taxes
  • Present Use  Restaurant/Supper Club
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  Ground lease, Renewal options
  • Occupied by  
  • Sale Includes  Business name, Customer list, Equipment, Furniture, Inventory, Lease(s), Receivables, Signs
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Found It