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120-126 S Adams St,  New Lisbon,  WI  53950 $399,900 Sold
120-126 S Adams St,  New Lisbon,  WI  53950
$399,900
Sold
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 Property Type Business/Commercial
 Parcel # 2610573
 County Juneau
 Sub Area L20
 Municipality New Lisbon
 MLS# 1880118
 Listing Date 03/23/2020
 Sold Price $322,000
 Close Date 02/02/2021 12:00 AM

MLS Public Remarks  Very established bar/ restaurant with a downtown location. This establishment has a great reputation for excellent pizza, prime rib on Saturday nights and a full menu. Spacious bar area with pool tables and various games plus a separate large dining room, and a full kitchen. The owner has built up a great business and has established local repeat business. Plus there are 8 apartments upstairs, 5 rent at $450/month and 3 rent for $500/month. Excellent income potential from the bar, restaurant and rentals! Numbers available to qualified buyers.
Documents and Related Links  
1) Condition Report and Add S
2) Aerial
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  New Lisbon
  • C/T/V  City
  • Unit #  
  • Directions  Hwy 12/16 To New Lisbon, Property On R Just Before Stop Lights
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  9
  • Building Gross SqFt  7,400
  • Net Leasable SqFt  7,400
  • Year Built  1904
  • Source for Year Built  Slr
  • Approx Bldg Dimen  60X60
  • Street Frontage  170
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  Com
  • Est. Total Acres  0.02
  • Source Of Est Acres  PubR
  • Lot Dimensions  70X100
  • Owner  
  • Tradename  Opera House
    • ASSESSMENT & TAXES  
  • Land Assessment  $12,000
  • Assessment Year  2019
  • Net Taxes  $5,961
  • Tax Year  2019
  • Improvements  $221,700
  • Total Assessment  $233,700
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • 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 Mo to Mo 0 Yes $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Window/Wall AC
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric, Natural gas
  • Seating Capacity  Over 100 persons
    • EXTERIOR FEATURES  
  • Type   Apartment building, Restaurant/Supper Club, Tavern
  • Exterior Treatment  
  • Building Parking  1-5 spaces, Onsite, Paved
  • Roofing  All flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Fixtures & equipment, P & L statement
  • Location  Corner
  • Tenant Pays  N/A
  • Present Use  Apartment building, Restaurant/Supper Club, Tavern
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  Month to month
  • Occupied by  
  • Sale Includes  Business name, Equipment, Furniture, Signs
  • Features  3 phase electric, Display window, Public rest rooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Castle Rock Realty Llc