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420 W Maple,  Lancaster,  WI  53813-1639 $569,900 Sold
420 W Maple,  Lancaster,  WI  53813-1639
$569,900
Sold
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 Property Type Business/Commercial
 Parcel # 246-00852-0000
 County Grant
 Sub Area G23
 Municipality Lancaster
 MLS# 1926821
 Listing Date 01/27/2022
 Sold Price $580,000
 Close Date 04/29/2022 12:00 AM

MLS Public Remarks  Former Best Western Hotel. 38 room hotel and 1 Managers unit. Managers room included 2 bedrooms, kitchen, dining and living rooms. Each guest room includes PTAC for heating and cooling. Newer boiler system for additional heat back up. Spectrum for all cable, internet, phone, TV. Good opportunity for someone.
Documents and Related Links  
* 1 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Lancaster
  • C/T/V  City
  • Unit #  
  • Directions  Hwy 61 Into Lancaster, West On Maple
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  39
  • Building Gross SqFt  22,300
  • Net Leasable SqFt  18,200
  • Year Built  1950
  • Source for Year Built  PubR
  • Approx Bldg Dimen  146x52
  • Street Frontage  187
  • Parking Fees/Mo.  $0
  • Onsite Parking  50
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  15
  • Number of Loading Docks  0
  • Zoning  Commercial
  • Est. Total Acres  0.73
  • Source Of Est Acres  PubR
  • Lot Dimensions  187x180/140
  • Owner  
  • Tradename  Welcome Inn
    • ASSESSMENT & TAXES  
  • Land Assessment  $62,900
  • Assessment Year  2020
  • Net Taxes  $11,119
  • Tax Year  2021
  • Improvements  $497,200
  • Total Assessment  $560,100
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 daily 0 Yes $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Other, Radiant
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
  • Fuel  Electric, Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Motel/Hotel/Bed & Brkfst
  • Exterior Treatment  Brick
  • Building Parking  36-55 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Internet - Cable
    • OTHER FEATURES  
  • Documents on File  P & L statement, Property Condition Report
  • Location  Business district, Free standing
  • Tenant Pays  N/A
  • Present Use  Motel/Hotel/Bed & Brkfst
  • Licenses  Food, Special use
  • Lease Type  Mixed lease types
  • Occupied by  
  • Sale Includes  Business name, Equipment, Furniture, Inventory, Signs
  • Features  3 phase electric, Private Restrooms, Public rest rooms, Reception area, Residential unit(s), Security system, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Metro Brokers Les Benedict R E