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114 S Madison St,  Lancaster,  WI  53813 $289,900 Sold
114 S Madison St,  Lancaster,  WI  53813
$289,900
Sold
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 Property Type Business/Commercial
 Parcel # 246-00162-0000
 County Grant
 Sub Area G23
 Municipality Lancaster
 MLS# 1892682
 Listing Date 09/03/2020
 Sold Price $295,000
 Close Date 11/02/2020 12:00 AM

MLS Public Remarks  Two-2 story commercial buildings that are connected as a Mixed Use. Main level is leased by a well established dental practice(3,860sq ft). 2nd level features 2 apartments(total 3,860 sq ft) with separate entrances and birds eye view of the court house. #1)4 bdrm, 2 bath, open kitchen, dining and large living room. #2)2 bdrm, 1 bath, galley kitchen with dinette and living room. Full basement for additional storage. Tenants have back patio area and parking. 24 hr notice for showings, Preapproval or proof of funding for ALL showings. All measurements are estimated. 2 addresses 114 & 120 S Madison St Lancaster and 2 parcels#246-00162-000 & 246-00163-0000
Documents and Related Links  
1) RECR
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Lancaster
  • C/T/V  City
  • Unit #  
  • Directions  On The Square In Lancaster
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  3
  • Building Gross SqFt  11,607
  • Net Leasable SqFt  7,738
  • Year Built  1900
  • Source for Year Built  Appr
  • Approx Bldg Dimen  irreg
  • Street Frontage  45
  • Parking Fees/Mo.  $0
  • Onsite Parking  1
  • # of Stories  2
  • Ceiling Height Min  9
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  C-2
  • Est. Total Acres  0.11
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $10,400
  • Assessment Year  2019
  • Net Taxes  $3,242
  • Tax Year  2019
  • Improvements  $146,900
  • Total Assessment  $157,300
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $58,000
  • 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 apartment 0 0 $0 $0 $0 2,362
    2 apartment 0 0 $0 $0 $0 900
    3 Business 0 0 $0 $0 $0 3,800
    Items Included Some appliances for the apartments
    Items Excluded  Renters/tenants and sellers personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Radiant
  • Water/Waste  Municipal sewer
  • Basement  Full
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Service
  • Exterior Treatment  
  • Building Parking  6-10 spaces, No Parking, Onsite, Paved
  • Roofing  Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district
  • Tenant Pays  All expenses
  • Present Use  Office, Service
  • Licenses  None
  • Lease Type  Mixed lease types, Renewal options
  • Occupied by  
  • Sale Includes  N/A
  • Features  Private Restrooms, Public rest rooms, Ramp, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Tim Slack Auction & Realty, Llc - Lancaster