Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

408 S River St,  Janesville,  WI  53548 $225,000 Sold
408 S River St,  Janesville,  WI  53548
$225,000
Sold
More Photos
 Property Type Business/Commercial
 Parcel # 0136300402
 County Rock
 Sub Area P14
 Municipality Janesville
 MLS# 1926994
 Listing Date 12/07/2021
 Sold Price $215,000
 Close Date 02/01/2022 12:00 AM

MLS Public Remarks  Sold before published. Very well cared for property that is fully rented, and has been owner occupied for over 2 decades. Set up as suites and contains businesses that include tax services, beauty shop, spa, art studio, tattoo shop, office supply & repair, and electrolysis services. Private parking for approximately 12 vehicles. Non metered on street parking and city parking lot with 17 spaces available directly across the street. Beautiful views of the river, green space & river walk. Rents are lower than market, but several renters have occupied for over 30 years. This property needed no major repairs, was nicely updated, and has great curb appeal. Easy access to I-90/39/42 makes this a very desirable location.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Janesville
  • C/T/V  City
  • Unit #  
  • Directions  Racine To W On River
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $2
  • Total Units/Bldg  7
  • Building Gross SqFt  6,624
  • Net Leasable SqFt  5,250
  • Year Built  1964
  • Source for Year Built  PubR
  • Approx Bldg Dimen  73x48
  • Street Frontage  67
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  O2
  • Est. Total Acres  0.2
  • Source Of Est Acres  PubR
  • Lot Dimensions  67x133
  • Owner  
  • Tradename  Riverfront Suites
    • ASSESSMENT & TAXES  
  • Land Assessment  $33,200
  • Assessment Year  2021
  • Net Taxes  $3,504
  • Tax Year  2021
  • Improvements  $108,100
  • Total Assessment  $14,130
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,020
  • Gross Operating Income  $27,703
  • Annual Operating Exp  $26,148
  • Net Operating Income  $1,555
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Long Term 2027 Yes $625 $2 $0 1,400
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Radiant, Wall AC
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Beauty/barber, Office, Retail, Service
  • Exterior Treatment  Block, Brick, Glass
  • Building Parking  11-20 spaces, Onsite, Paved
  • Roofing  Rubber/membrane
  • Terms/Option  
  • Miscellaneous  Internet - Cable, Internet - Satellite/Dish
    • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report
  • Location  Business district, Free standing, Near public transportatn
  • Tenant Pays  Electric
  • Present Use  Beauty/barber shop, Office, Retail, Service
  • Licenses  None
  • Lease Type  Annual, Gross, Mixed lease types, Month to month, Multiple years, Renewal options
  • Occupied by  Owner, Tenant(s)
  • Sale Includes  Lease(s)
  • Features  440+ volt, Display window, Inside storage, Private office(s), Public rest rooms, Reception area, Shared Restrooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Coldwell Banker The Realty Group