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5875 Main Street,  Gratiot,  WI  53541 $67,000 Sold
5875 Main Street,  Gratiot,  WI  53541
$67,000
Sold
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 Property Type Business/Commercial
 Parcel # 131-0166-0000
 County Lafayette
 Sub Area M15
 Municipality Gratiot
 MLS# 1950699
 Listing Date 02/27/2023
 Sold Price $50,000
 Close Date 11/15/2023 12:00 AM

MLS Public Remarks  Investment Op!! Your chance to own a commercial store front with a 1 bdrm apartment above. Add. unfinished space upstairs could be finished as an efficiency apartment or used to expand existing unit. Comm. space was recently used as a Bar leased at $800/month while the apartment is rented at $400/month (plus utilities). This property is in a prime location, closely fronted by two state hwys, near a highly used atv trail and Wolf Creek Campground. So close to the Wolf Creek that your customers can literally cast a line, from the Bars deck, while enjoying their favorite beverage. Adjacent Village lot and on street parking provide ample parking for your patrons/residents. Sellers leased building and have no financials for Bar business. Bar furn/AC Unit 3 yrs old, roof 7 yrs old
LOCATION  
  • Location  Village
  • Other Marketing Area  
  • Mailing City  Gratiot
  • C/T/V  Village
  • Unit #  
  • Directions  Hwy 11 To Main Street/Hwy 78 South. Property On The Right.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  2
  • Building Gross SqFt  3,000
  • Net Leasable SqFt  3,000
  • Year Built  1878
  • Source for Year Built  PubR
  • Approx Bldg Dimen  25x60
  • Street Frontage  25
  • Parking Fees/Mo.  $0
  • Onsite Parking  0
  • # of Stories  2
  • Ceiling Height Min  18
  • Ceiling Height Max  20
  • Number of Loading Docks  0
  • Zoning  Commercial
  • Est. Total Acres  0.03
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $5,000
  • Assessment Year  2022
  • Net Taxes  $1,506
  • Tax Year  2022
  • Improvements  $52,000
  • Total Assessment  $57,000
    • 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 NA 00/00/0000 0 $0 $0 $0 1,500
    2 M2M 00/00/0000 0 $4,800 $0 $0 1,500
    3 - 0 0 $0 $0 $0 0
    Items Included Main Bar, Back Bar, Wood Stove
    Items Excluded  Bar- Scoreboard, beer signs, exterior bus. sign, wall speakers, mini refrigerator, wood stove. Apt-Refrigerator. Remainder of personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air, Other, Wall AC
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric, Liquid propane
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Motel/Hotel/Bed & Brkfst, Office, Retail, Tavern
  • Exterior Treatment  Brick
  • Building Parking  No Parking
  • Roofing  Rubber/membrane
  • Terms/Option  
  • Miscellaneous  Waterfront
    • OTHER FEATURES  
  • Documents on File  Property Condition Report
  • Location  Business district, Near Major Highway
  • Tenant Pays  N/A
  • Present Use  All vacant
  • Licenses  None
  • Lease Type  None
  • Occupied by  Vacant
  • Sale Includes  N/A
  • Features  Less than 440 volt, Public rest rooms, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Keller Williams Realty Signature