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W7655 County Road V,  Lake Mills,  WI  53551 $625,000 Sold
W7655 County Road V,  Lake Mills,  WI  53551
$625,000
Sold
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 Property Type Business/Commercial
 Parcel # 01807131223025
 County Jefferson
 Sub Area K14
 Municipality Lake Mills
 MLS# 1902537
 Listing Date 02/16/2021
 Sold Price $605,000
 Close Date 05/14/2021 12:00 AM

MLS Public Remarks  This is an excellent location between BP Gas station and Culvers, across from Kwik Trip and at the same intersection as McDonalds and Walgreens. The 3,569 sf building has a long term Tenant/Pizza Pit who has approx (1,500 sf-to be verified by buyer) at the front of the property. The sale includes the Carwash business that is operating successfully in the remainder of the building. Complete financials and existing Leases will be disclosed upon completion/signature of a Confidentiality/NDA. Property is well suited for Retail and possible conversion to a different use, such as a liquor store or other retail. Traffic Count is 11,800 on hwy 89 and 3,000 on CTH V averaged daily.
Documents and Related Links  
* 5 Documents Not Available via MLS
LOCATION  
  • Location  Town
  • Other Marketing Area  
  • Mailing City  Lake Mills
  • C/T/V  Town
  • Unit #  
  • Directions  Exit I-94 At Hwy 89 (lake Mills Exit). Car Wash Is Between Bp Gas Station And Culvers.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $18
  • Total Units/Bldg  1
  • Building Gross SqFt  3,569
  • Net Leasable SqFt  3,569
  • Year Built  1994
  • Source for Year Built  PubR
  • Approx Bldg Dimen  85x45
  • Street Frontage  81
  • Parking Fees/Mo.  $0
  • Onsite Parking  20
  • # of Stories  1
  • Ceiling Height Min  8
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  commercial
  • Est. Total Acres  0.41
  • Source Of Est Acres  PubR
  • Lot Dimensions  81.25x230.31
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $102,400
  • Assessment Year  2020
  • Net Taxes  $5,177
  • Tax Year  2019
  • Improvements  $260,800
  • Total Assessment  $363,200
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,020
  • Gross Operating Income  $135,000
  • Annual Operating Exp  $95,000
  • Net Operating Income  $40,000
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Annual 2020 Yes $27,000 $18 $0 1,500
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Carwash equipment
    Items Excluded  Sellers and Tenants personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  31-50 persons
    • EXTERIOR FEATURES  
  • Type   Automotive, Other, Retail, Shopping center/StripMall
  • Exterior Treatment  
  • Building Parking  11-20 spaces
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Internet - Cable
    • OTHER FEATURES  
  • Documents on File  Lease(s), P & L statement, Property Condition Report, Traffic count
  • Location  Business district, Free standing, Near Major Highway
  • Tenant Pays  Air Conditioning, Electric, Heat, Janitorial, Sewer, Snow removal, Taxes, Trash Services, Water
  • Present Use  Automotive, Other, Retail, Service
  • Licenses  Food, Other
  • Lease Type  Annual, Partial net
  • Occupied by  
  • Sale Includes  Business name, Equipment, Lease(s), Signs
  • Features  Overhead doors, Private Restrooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Lang Group