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 City
Other Marketing Area
Mailing City Sparta
C/T/V City
Unit #
Directions Located On W Wisconsin St (hwy 16) In Sparta - Near Walmart
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
Land Assessment $130,200
Assessment Year 2020
Net Taxes $4,505
Tax Year 2020
Improvements $108,700
Total Assessment $238,900
Income/Expenses Year $2,019
Gross Operating Income $85,000
Annual Operating Exp $28,797
Net Operating Income $56,203
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
Heating/Cooling Forced air, Steam, Window AC
Water/Waste Municipal sewer, Municipal water
Basement Partial
Fuel Natural gas
Seating Capacity
Type Motel/Hotel/Bed & Brkfst
Exterior Treatment Brick
Building Parking 11-20 spaces, Onsite, Paved
Roofing Composition
Terms/Option
Miscellaneous
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