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336 Main St,  Darlington,  WI  53530 $110,000 Sold
336 Main St,  Darlington,  WI  53530
$110,000
Sold
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 Property Type Business/Commercial
 Parcel # 216-0107-0000
 County Lafayette
 Sub Area M10
 Municipality Darlington
 MLS# 1884107
 Listing Date 05/26/2020
 Sold Price $95,000
 Close Date 08/14/2020 12:00 AM

MLS Public Remarks  Solid cash flow w/ options to add equity value immediately. Well-managed 3-unit rental property in downtown Darlington. Located in Lafayette county, best employment ranking in WI. Long-term tenants would like to stay. Tenants include 2 successful businesses on the Main street level and a residential 1 bedroom apartment upstairs which was newly finished in 2018. Approximately 3-4,000 sq.ft. of unfinished potential on the 2nd/3rd floors. Stable income plus room to grow!
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Darlington
  • C/T/V  City
  • Unit #  
  • Directions  Enter Darlington From 81 Or 23 And Go South On Main Street. Building Is The 2nd Or 3rd Unit On The Right (west) Side Of The Street.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $2
  • Total Units/Bldg  3
  • Building Gross SqFt  6,500
  • Net Leasable SqFt  2,500
  • Year Built  1900
  • Source for Year Built  Slr
  • Approx Bldg Dimen  50x50
  • Street Frontage  50
  • Parking Fees/Mo.  $0
  • Onsite Parking  No
  • # of Stories  3
  • Ceiling Height Min  12
  • Ceiling Height Max  18
  • Number of Loading Docks  0
  • Zoning  C2
  • Est. Total Acres  0.13
  • Source Of Est Acres  
  • Lot Dimensions  44x90
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $13,600
  • Assessment Year  2019
  • Net Taxes  $3,660
  • Tax Year  2019
  • Improvements  $113,200
  • Total Assessment  $126,800
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $18,660
  • Annual Operating Exp  $5,704
  • Net Operating Income  $12,956
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Modf Gross 12/31/2020 Yes $7,380 $2 $0 3,500
    2 Modf Gross 12/31/2020 Yes $5,880 $2 $0 3,000
    3 Residentia Month-to-M Yes $5,400 $4 $0 1,350
    Items Included Refrigerator, range, and dishwasher in residential unit. Miscellaneous construction supplies. Construction plans for building out another residential unit upstairs.
    Items Excluded  Tenant's property. Washer and dryer in 340 unit.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Retail
  • Exterior Treatment  
  • Building Parking  6-10 spaces, Offsite, Paved
  • Roofing  All flat, Partially flat, Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report
  • Location  Business district
  • Tenant Pays  Air Conditioning, Electric, Heat, Sewer, Water
  • Present Use  Living quarters, Office, Retail
  • Licenses  None
  • Lease Type  Annual, Month to month
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Main Street Real Estate Llc