Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

112 E Cook St,  Portage,  WI  53901 $275,000 Expired
112 E Cook St,  Portage,  WI  53901
$275,000
Expired
More Photos
 Property Type Business/Commercial
 Parcel # 11271 1278
 County Columbia
 Sub Area B25
 Municipality Portage
 MLS# 1873162
 Listing Date 11/27/2019

MLS Public Remarks  Are you looking for a profitable established business with room for additional growth & expansion? Here's an opportunity to own an established bar/restaurant, pool hall and catering business. The Ball Room has hosted many successful concerts & pool tournaments. Tournaments, bands & special events are booked a year out. An additional 8,000 sq. feet can be finished to add more income opportunities. Preliminary plans already exist for a 90 foot indoor archery range or a banquet hall. Business only w/ building lease- $275,000. Purchase business & building for $675,000. Building appraised at $500,000.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Portage
  • C/T/V  City
  • Unit #  
  • Directions  Highway 33 (cook St)
    • BUILDING DESCRIPTION  
  • Real estate for sale  No
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  1
  • Building Gross SqFt  16,600
  • Net Leasable SqFt  16,600
  • Year Built  1900
  • Source for Year Built  PubR
  • Approx Bldg Dimen  see doc
  • Street Frontage  84
  • Parking Fees/Mo.  $0
  • Onsite Parking  NO
  • # of Stories  2
  • Ceiling Height Min  11
  • Ceiling Height Max  13
  • Number of Loading Docks  1
  • Zoning  C2
  • Est. Total Acres  0.2
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  The Ballroom Llc
    • ASSESSMENT & TAXES  
  • Land Assessment  $18,700
  • Assessment Year  0
  • Net Taxes  $5,732
  • Tax Year  2018
  • Improvements  $201,700
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,017
  • Gross Operating Income  $410,000
  • Annual Operating Exp  $330,000
  • Net Operating Income  $80,000
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 N/A N/A Yes $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included A complete inventory list will be provided during the offer process.
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  Over 100 persons
    • EXTERIOR FEATURES  
  • Type   Restaurant/Supper Club
  • Exterior Treatment  
  • Building Parking  Offsite
  • Roofing  All flat, Rubber/membrane
  • Terms/Option  Land contract, Seller may assist
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Blue prints, Cert. of occupancy, Fixtures & equipment, Inventory list, P & L statement, Property Condition Report, Sales tax return
  • Location  Business district
  • Tenant Pays  All expenses
  • Present Use  Restaurant/Supper Club
  • Licenses  Beer, Food, Liquor
  • Lease Type  Renewal options, Triple net
  • Occupied by  
  • Sale Includes  Business name, Customer list, Equipment, Furniture, Inventory, Receivables, Signs
  • Features  Alley, Internal sprinkler, Loading dock(s), Passenger elevator, Public rest rooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Exp Realty, Llc