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203 Broadway,  Berlin,  WI  54923 $92,500 Expired
203 Broadway,  Berlin,  WI  54923
$92,500
Expired
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 Property Type Business/Commercial
 Parcel # 206-01346-0000
 County Green Lake
 Sub Area I01
 Municipality Berlin
 MLS# 1876553
 Listing Date 02/10/2020

MLS Public Remarks  Great location downtown berlin with 12,000+ daily traffic count. Well maintained, historic brick building with 1200 sq ft of retail space. Wired for 3-phase and commercial natural gas for restaurant. Immediate positive cash flow with 2 fully rented apartments with great rental history. Great investment property with cash flow, and rent the retail space for even more cash flow, or place your own business/offices and let the tenants pay your bills. Full, large basement with outside access.
Documents and Related Links  
1) Traffic Count (12,200 cars/day)
2) Seller Updates
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Berlin
  • C/T/V  City
  • Unit #  
  • Directions  Located On Broadway, Just West Of Bridge Crossing.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $12
  • Total Units/Bldg  3
  • Building Gross SqFt  3,404
  • Net Leasable SqFt  3,404
  • Year Built  1887
  • Source for Year Built  Othr
  • Approx Bldg Dimen  26x70
  • Street Frontage  26
  • Parking Fees/Mo.  $10
  • Onsite Parking  Yes (Rent)
  • # of Stories  2
  • Ceiling Height Min  10
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  Commercial
  • Est. Total Acres  0.0
  • Source Of Est Acres  Plat
  • Lot Dimensions  26x90
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $9,200
  • Assessment Year  2019
  • Net Taxes  $912
  • Tax Year  2019
  • Improvements  $29,300
  • Total Assessment  $38,500
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $500
  • Gross Operating Income  $18,000
  • Annual Operating Exp  $500
  • Net Operating Income  $17,500
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Monthly 12/31/19 Yes $5,700 $12 $0 500
    2 Monthly 03/31/20 Yes $5,700 $12 $0 500
    3 Vacant 01/01/20 Yes $7,200 $7 $0 1,000
    Items Included (2) Refrigerators (2) Stoves
    Items Excluded  Tenants and Sellers Personal Property (Some inventory may be negotiable)
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Radiant, Wall Furnace, Window AC
  • Water/Waste  Municipal water, Well
  • Basement  Block foundation, Full, Other foundation, Walkout/Outside entrance
  • Fuel  Electric, Natural gas
  • Seating Capacity  51-75 persons
    • EXTERIOR FEATURES  
  • Type   Apartment building, Office, Restaurant/Supper Club, Retail, Service, Tavern
  • Exterior Treatment  
  • Building Parking  Onsite, Other, Parking fee extra
  • Roofing  Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report, Traffic count
  • Location  Business district, Near Major Highway, Other
  • Tenant Pays  Air Conditioning, Electric, Heat, Insurance, Parking, Trash Services
  • Present Use  Apartment building, Retail
  • Licenses  None
  • Lease Type  Annual, Month to month
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  3 phase electric, Alley, Display window, Inside storage, Private Restrooms, Public rest rooms, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Wisconsin Special Properties