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240 E Main St,  Sun Prairie,  WI  53590 $1,450,000 Sold
240 E Main St,  Sun Prairie,  WI  53590
$1,450,000
Sold
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 Property Type Business/Commercial
 Parcel # 081105470601
 County Dane
 Sub Area D45
 Municipality Sun Prairie
 MLS# 1932394
 Listing Date 04/20/2022
 Sold Price $1,325,000
 Close Date 08/31/2022 12:00 AM

MLS Public Remarks  Unique ownership and investment property opportunity in Historic Downtown Sun Prairie. This newly remodeled 2 story building boasts a to-the-studs remodel, stunning daylight, & original high ceilings. Established tenants occupy the 2 larger (built-to-suit) suites, and the 2nd floor mini-suites generate ample income. 2017 remodel includes: all new mechanicals, electrical, plumbing, sprinkler system, windows, doors, storefronts, facade improvements, exterior paint. Bring your vision to the unoccupied 2067 sq.ft. storefront, which includes access to the 3000 sq.ft basement! Owner occupy or find the perfect tenant to bring this property to its maximal potential. Seller actively seeking to lease all vacant spaces. Seller open to partnerships or investors.
Documents and Related Links  
1) Floor Plans
2) National Historic Register
3) Parcel Report
4) Flier
5) RECR
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Sun Prairie
  • C/T/V  City
  • Unit #  
  • Directions  East On Main From 151. Building On Left Before Church.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $28
  • Total Units/Bldg  9
  • Building Gross SqFt  11,731
  • Net Leasable SqFt  9,150
  • Year Built  1889
  • Source for Year Built  Othr
  • Approx Bldg Dimen  51x100
  • Street Frontage  51
  • Parking Fees/Mo.  $0
  • Onsite Parking  n/a
  • # of Stories  2
  • Ceiling Height Min  10
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  CC
  • Est. Total Acres  0.12
  • Source Of Est Acres  PubR
  • Lot Dimensions  100x51
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $36,300
  • Assessment Year  2021
  • Net Taxes  $748,822
  • Tax Year  2021
  • Improvements  $307,600
  • Total Assessment  $343,900
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $118,020
  • Annual Operating Exp  $80,000
  • Net Operating Income  $38,020
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Gross 03/31/2024 Yes $35,010 $28 $0 1,250
    2 Gross 12/21/2024 Yes $35,010 $25 $0 1,412
    3 Gross various Yes $0 $0 $0 0
    Items Included 
    Items Excluded  tenants property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Zoned heating
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
  • Fuel  Electric, Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Restaurant/Supper Club, Retail, Service
  • Exterior Treatment  Brick
  • Building Parking  No Parking
  • Roofing  All flat, Rubber/membrane
  • Terms/Option  
  • Miscellaneous  Internet - Fiber
    • OTHER FEATURES  
  • Documents on File  Lease(s)
  • Location  Business district, Near public transportatn, Shopping center
  • Tenant Pays  No expenses
  • Present Use  Office, Retail
  • Licenses  
  • Lease Type  Mixed lease types
  • Occupied by  Tenant(s), Vacant
  • Sale Includes  Lease(s)
  • Features  Private office(s), Shared Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Solidarity Realty, Llc