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 Property Type Business/Commercial
 Parcel # 281-02584-0000
 County Monroe
 Sub Area U23
 Municipality Sparta
 MLS# 1892708
 Listing Date 09/01/2020
 Sold Price $349,900
 Close Date 04/26/2022 12:00 AM

MLS Public Remarks  The Spartan Motel, Sparta Wisconsin is an 8-unit, one story, motel. This property is very well maintained and also features a nice 3 bedroom/ 1.5 bath owner/manager quarters on-site along with a large lot with ample parking. This property has a strong upside potential as it sits on nearly and acre with 250' of frontage on one of two main arterial streets into the expanding side of town. Each room offers the convenience of an outside entrance, refrigerator and microwave. This property is suitable for a home-based business. The Spartan Motel serves leisure, interstate travelers, and a nearby military installation clients.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Sparta
  • C/T/V  City
  • Unit #  
  • Directions  Located On W Wisconsin St (hwy 16) In Sparta - Near Walmart
  • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  8
  • Building Gross SqFt  3,300
  • Net Leasable SqFt  0
  • Year Built  1940
  • Source for Year Built  Slr
  • Approx Bldg Dimen  100x33
  • Street Frontage  250
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  1
  • Ceiling Height Min  9
  • Ceiling Height Max  9
  • Number of Loading Docks  0

  • Zoning  Comm
  • Est. Total Acres  0.97
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  Spartan Motel
  • ASSESSMENT & TAXES  
  • Land Assessment  $130,200
  • Assessment Year  2020
  • Net Taxes  $4,505
  • Tax Year  2020
  • Improvements  $108,700
  • Total Assessment  $238,900
  • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $85,000
  • Annual Operating Exp  $28,797
  • Net Operating Income  $56,203
  • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 N/A N/A 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Refrigerator, Microwave in each room (8), washer & Dryer, Appliances in residence - Refrigerator, Range, Microwave.
    Items Excluded  Sellers personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air, Steam, Window AC
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partial
  • Fuel  Natural gas
  • Seating Capacity  
  • EXTERIOR FEATURES  
  • Type   Motel/Hotel/Bed & Brkfst
  • Exterior Treatment  Brick
  • Building Parking  11-20 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
  • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing, Near Major Highway
  • Tenant Pays  N/A
  • Present Use  Motel/Hotel/Bed & Brkfst
  • Licenses  
  • Lease Type  None
  • Occupied by  
  • Sale Includes  Business name, Customer list, Easements, Equipment, Furniture
  • Features  Reception area



  • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Coldwell Banker River Valley, Realtors