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506 1st St,  New Glarus,  WI  53574 $715,000 Expired
506 1st St,  New Glarus,  WI  53574
$715,000
Expired
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 Property Type Business/Commercial
 Parcel # 161-0009.0000
 County Green
 Sub Area H20
 Municipality New Glarus
 MLS# 1944738
 Listing Date 10/06/2022

MLS Public Remarks  Here's your opportunity to own a completely renovated turnkey business with potential for additional income with the restoration of the beautiful apartment above. This building sits right in center of New Glarus, America's Little Switzerland. There are hundreds of thousands of visitors annually coming for the almost weekly festivals, the Sugar River trail, state park and renowned area businesses such as the New Glarus Brewery. This property has been known for it's great food and drinks for decades so you'll hit the ground running. All parties involved in this transaction understand that list agent is a WI real estate licensee who is related to the seller.
Documents and Related Links  
1) RECR
LOCATION  
  • Location  Village
  • Other Marketing Area  
  • Mailing City  New Glarus
  • C/T/V  Village
  • Unit #  
  • Directions  Highway 69 To New Glarus. Turn West Into Town And Take The Second Right. Property Is At The End Of The First Block On The Right.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  1
  • Building Gross SqFt  2,688
  • Net Leasable SqFt  2,688
  • Year Built  999
  • Source for Year Built  PubR
  • Approx Bldg Dimen  24x66
  • Street Frontage  32
  • Parking Fees/Mo.  $0
  • Onsite Parking  0
  • # of Stories  2
  • Ceiling Height Min  9
  • Ceiling Height Max  11
  • Number of Loading Docks  0
  • Zoning  C-1
  • Est. Total Acres  0.06
  • Source Of Est Acres  PubR
  • Lot Dimensions  32x79
  • Owner  
  • Tradename  Dba - Sportsman'S Bar
    • ASSESSMENT & TAXES  
  • Land Assessment  $15,800
  • Assessment Year  2021
  • Net Taxes  $3,150
  • Tax Year  2021
  • Improvements  $100,000
  • Total Assessment  $115,800
    • 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 N/A 00/00/00 No $0 $0 $0 1,584
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included building, business and all equipment except leased and remaining food, drink and supplies inventory
    Items Excluded  seller's personal property, ATM and leased items - hot water heater, dishwashers, video gaming machines, juke box
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal water
  • Basement  Full, Walkout/Outside entrance
  • Fuel  Electric, Natural gas, Solar
  • Seating Capacity  76-100 persons
    • EXTERIOR FEATURES  
  • Type   Restaurant/Supper Club, Tavern
  • Exterior Treatment  Brick, Concrete, Vinyl, Wood
  • Building Parking  Other
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Free standing, Near Major Highway
  • Tenant Pays  N/A
  • Present Use  Restaurant/Supper Club, Tavern
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  None
  • Occupied by  
  • Sale Includes  Business name, Equipment, Furniture, Inventory, Signs
  • Features  Alley, Inside storage, Public rest rooms, Residential unit(s), Security lighting, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Realty Group