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115 State St,  Madison,  WI  53703 $149,900 Expired
115 State St,  Madison,  WI  53703
$149,900
Expired
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 Property Type Business/Commercial
 Parcel # Not Assigned
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1902263
 Listing Date 02/11/2021

MLS Public Remarks  Inviting Northwoods themed restaurant in downtown Madison. The authenticity is true to Wisconsin. The dining room features a two sided fireplace with enough seating to accommodate any game day crowd. Outdoor patio seating overlooks the Capitol building. Bar features 20+ craft beers, full kitchen. Street frontage is 53 feet. Transferable lease, includes all inventory and is turn key.
Documents and Related Links  
1) Real Estate Condition Report
2) Lease
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Broom St To Mifflin St To State St
    • BUILDING DESCRIPTION  
  • Real estate for sale  No
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $28
  • Total Units/Bldg  1
  • Building Gross SqFt  3,000
  • Net Leasable SqFt  0
  • Year Built  999
  • Source for Year Built  Slr
  • Approx Bldg Dimen  40x40
  • Street Frontage  53
  • Parking Fees/Mo.  $0
  • Onsite Parking  None
  • # of Stories  1
  • Ceiling Height Min  10
  • Ceiling Height Max  14
  • Number of Loading Docks  0
  • Zoning  DC
  • Est. Total Acres  0.12
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  Buck And Badger Northwood
    • ASSESSMENT & TAXES  
  • Land Assessment  $0
  • Assessment Year  2020
  • Net Taxes  $0
  • Tax Year  2020
  • Improvements  $0
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $502,661
  • Annual Operating Exp  $223,941
  • Net Operating Income  $137,058
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Modified 04/30/27 Yes $84,000 $28 $0 3,000
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Point of sale system, dishwasyer, ice machine
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
  • Fuel  Natural gas
  • Seating Capacity  76-100 persons
    • EXTERIOR FEATURES  
  • Type   Restaurant/Supper Club, Tavern
  • Exterior Treatment  
  • Building Parking  Offsite
  • Roofing  Rubber/membrane
  • Terms/Option  Other
  • Miscellaneous  Internet - Satellite/Dish
    • OTHER FEATURES  
  • Documents on File  Fixtures & equipment, Inventory list, Lease(s), P & L statement, Property Condition Report
  • Location  Business district
  • Tenant Pays  Air Conditioning, Electric, Heat, Janitorial, Trash Services, Water
  • Present Use  Restaurant/Supper Club, Tavern
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  Annual, Month to month, Renewal options
  • Occupied by  
  • Sale Includes  Business name, Furniture, Inventory, Lease(s), Signs
  • Features  Alley, Display window, Inside storage, Internal sprinkler, Security system, Shared Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of First Weber Inc