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

501 Water St,  Genoa,  WI  54632 $179,900 Sold
501 Water St,  Genoa,  WI  54632
$179,900
Sold
More Photos
 Property Type Business/Commercial
 Parcel # 131-00043-0000
 County Vernon
 Sub Area R11
 Municipality Genoa
 MLS# 1883530
 Listing Date 05/16/2020
 Sold Price $130,000
 Close Date 09/01/2020 12:00 AM

MLS Public Remarks  Turn-Key Hotel located on the state Snowmobile Trail and across the road from a Boat Launch to the Mississippi River. There are a nice variety of basic rooms and suites with kitchens and even a coin operated laundry room. You could keep one suite for living quarters for an owner or manager. There is a restaurant right next door and a nice village park across the street. This may not be the most modern hotel but it is certainly a very successful one. Rates are also on the low side, so the potential for an immediate increase in gross income is very good.
Documents and Related Links  
1) Condition Report
2) Aerial Map
LOCATION  
  • Location  Village
  • Other Marketing Area  
  • Mailing City  Genoa
  • C/T/V  Village
  • Unit #  
  • Directions  501 Water St. / Genoa, Wi. / 54632
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  12
  • Building Gross SqFt  5,544
  • Net Leasable SqFt  5,544
  • Year Built  1950
  • Source for Year Built  Slr
  • Approx Bldg Dimen  42x66
  • Street Frontage  108
  • Parking Fees/Mo.  $0
  • Onsite Parking  14
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  8
  • Number of Loading Docks  0
  • Zoning  Comm.
  • Est. Total Acres  0.0
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  Big River Inn
    • ASSESSMENT & TAXES  
  • Land Assessment  $20,000
  • Assessment Year  2019
  • Net Taxes  $3,516
  • Tax Year  2019
  • Improvements  $158,300
  • Total Assessment  $178,300
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $1
  • 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 None None 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included All Furniture, Furnishings, Appliances and Equipment to operate the Hotel.
    Items Excluded  Seller's Personal Property
    INTERIOR FEATURES  
  • Heating/Cooling  Radiant, Wall AC
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Motel/Hotel/Bed & Brkfst
  • Exterior Treatment  
  • Building Parking  11-20 spaces, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  P & L statement, Property Condition Report
  • Location  Business district, Near Major Highway
  • Tenant Pays  N/A
  • Present Use  Motel/Hotel/Bed & Brkfst
  • Licenses  Other, Special use
  • Lease Type  None
  • Occupied by  
  • Sale Includes  Business name, Equipment, Furniture, Other, Signs
  • Features  Private Restrooms, Reception area, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Castle Rock Realty Llc