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135 W Main St,  Stoughton,  WI  53589 $699,900 Sold
135 W Main St,  Stoughton,  WI  53589
$699,900
Sold
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 Property Type Business/Commercial
 Parcel # 0511-082-1804-2
 County Dane
 Sub Area D44
 Municipality Stoughton
 MLS# 1913111
 Listing Date 06/25/2021
 Sold Price $665,000
 Close Date 06/30/2022 12:00 AM

MLS Public Remarks  Great downtown property in the heart of Stoughton. Mixed use building with great income and potential for growth with 1 open unit! Great sunlight in the atrium gives an inviting feel for clients, customers, and tenants alike. New plank flooring in 2 units, fresh paint in common areas, newer water heater, 4 new heat exchanges on the roof 18/19, security system, and new water fountain/bottle filler. Front access on Main Street as well as the rear, with parking in the municipal lot.
Documents and Related Links  
1) Financials
* 2 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Stoughton
  • C/T/V  City
  • Unit #  
  • Directions  East On Main Street From South Page Street
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $8
  • Total Units/Bldg  9
  • Building Gross SqFt  10,000
  • Net Leasable SqFt  9,708
  • Year Built  1999
  • Source for Year Built  PubR
  • Approx Bldg Dimen  64x100
  • Street Frontage  65
  • Parking Fees/Mo.  $0
  • Onsite Parking  65
  • # of Stories  2
  • Ceiling Height Min  10
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  commercial
  • Est. Total Acres  0.17
  • Source Of Est Acres  PubR
  • Lot Dimensions  66x133
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $56,700
  • Assessment Year  2021
  • Net Taxes  $13,834
  • Tax Year  2020
  • Improvements  $598,700
  • Total Assessment  $655,400
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,020
  • Gross Operating Income  $62,516
  • Annual Operating Exp  $25,991
  • Net Operating Income  $36,525
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Modified 8/22 Yes $21,600 $8 $0 2,871
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Items in restaurant per lease (on file), ATM, 1 computer, security system (3 cameras)
    Items Excluded  Tenants property
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal water
  • Basement  Partial, Poured concrete foundatn
  • Fuel  Natural gas
  • Seating Capacity  51-75 persons
    • EXTERIOR FEATURES  
  • Type   Beauty/barber, Office, Restaurant/Supper Club, Retail, Shopping center/StripMall
  • Exterior Treatment  Block, Brick, Concrete
  • Building Parking  Onsite, Paved
  • Roofing  Tar & gravel
  • Terms/Option  
  • Miscellaneous  Internet - Fiber
    • OTHER FEATURES  
  • Documents on File  Lease(s), P & L statement
  • Location  Near Major Highway, Shopping center
  • Tenant Pays  Air Conditioning, Electric, Heat, Sewer, Water
  • Present Use  Beauty/barber shop, Office, Restaurant/Supper Club, Retail
  • Licenses  
  • Lease Type  Multiple years, Renewal options
  • Occupied by  Tenant(s)
  • Sale Includes  Lease(s)
  • Features  Display window, Passenger elevator, Private Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Stark Company, Realtors