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1501-1503 N Spring St,  Beaver Dam,  WI  53916 $470,000 Sold
1501-1503 N Spring St,  Beaver Dam,  WI  53916
$470,000
Sold
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 Property Type Business/Commercial
 Parcel # 206-1214-3311-013
 County Dodge
 Sub Area F02
 Municipality Beaver Dam
 MLS# 1920684
 Listing Date 09/26/2021
 Sold Price $410,000
 Close Date 06/09/2023 12:00 AM

MLS Public Remarks  High traffic area right through the middle of town on the north side of the business district, you will find this professional office building. Very well maintained building currently rented, but there are options. Set up with 2 entrances, 2 reception areas, separate offices, 2 bathrooms 2 break rooms and lot of parking on site. New siding, new roof and new front entrance in 2014. 5 plus offices on the right side and 3 on left side. Wheel chair accessible with wide hallways and doorways. Right location and right layout, you can't miss!
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Beaver Dam
  • C/T/V  City
  • Unit #  
  • Directions  Business 151, N.spring St. Through The City North On The Right Side Of Street Just Past Beichl Ave
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $13
  • Total Units/Bldg  2
  • Building Gross SqFt  2,902
  • Net Leasable SqFt  2,902
  • Year Built  1994
  • Source for Year Built  PubR
  • Approx Bldg Dimen  78x38
  • Street Frontage  124
  • Parking Fees/Mo.  $0
  • Onsite Parking  20
  • # of Stories  1
  • Ceiling Height Min  12
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  comm
  • Est. Total Acres  0.42
  • Source Of Est Acres  PubR
  • Lot Dimensions  124x150
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $109,300
  • Assessment Year  2022
  • Net Taxes  $5,868
  • Tax Year  2022
  • Improvements  $170,700
  • Total Assessment  $279,900
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,022
  • Gross Operating Income  $38,364
  • Annual Operating Exp  $2,869
  • Net Operating Income  $35,495
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 3 yr 11/2025 Yes $2,715,864 $13 $0 2,000
    2 3 yr 7-31-27 Yes $12,000 $13 $0 900
    3 - 0 0 $0 $0 $0 0
    Items Included N/A
    Items Excluded  Tenants personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partial, Poured concrete foundatn
  • Fuel  Natural gas
  • Seating Capacity  31-50 persons
    • EXTERIOR FEATURES  
  • Type   Office, Service
  • Exterior Treatment  Vinyl
  • Building Parking  21-35 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Internet - Fiber
    • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report
  • Location  Business district, Free standing, Near Major Highway
  • Tenant Pays  Air Conditioning, Electric, Heat, Sewer, Water
  • Present Use  Office
  • Licenses  None
  • Lease Type  Multiple years, Partial net
  • Occupied by  Tenant(s)
  • Sale Includes  Lease(s), Signs
  • Features  Inside storage, Private Restrooms, Reception area, Security lighting, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Sue Braemer Real Estate, Llc