MLS Public Remarks Established turn key restaurant in the heart of "America's Little Switzerland" near 2 major highways built in 1853 is truly a distinctive piece of New Glarus. Main flr features dance hall, stage, chalet bar, service bar, dining w/ fireplace, private banquet rm, full kitchen, and balcony sunporch dining. Walkout street level has retail/office space & a Pizzeria. Third level has office, 2 bedroom apartment w/ private entrance, 4 fully furnished modest hotel rooms with bathrooms that could also be owners living quarters, a linen laundry room, plus 5th hotel room currently used for storage. Past business offered banquets, catering, holiday parties, wedding receptions, live music, and weekend buffets. TIF funds maybe available through the Village for a qualified potential Buyer w/ due process.
Location Village
Other Marketing Area
Mailing City New Glarus
C/T/V Village
Unit #
Directions Hwy 69 To West On Hwy 39 To Corner Of Hwy 39 And 6th Ave
Real estate for sale Yes
Business for sale Yes
For lease only No
Ann. Rent/SqFt $15
Total Units/Bldg 4
Building Gross SqFt 15,655
Net Leasable SqFt 10,763
Year Built 1853
Source for Year Built Appr
Approx Bldg Dimen 67x105
Street Frontage 172
Parking Fees/Mo. $0
Onsite Parking 0
# of Stories 3
Ceiling Height Min 10
Ceiling Height Max 14
Number of Loading Docks 0
Zoning C-1
Est. Total Acres 0.21
Source Of Est Acres Plat
Lot Dimensions 69x132
Owner
Tradename New Glarus Hotel Restaura
Land Assessment $47,800
Assessment Year 2022
Net Taxes $19,215
Tax Year 2022
Improvements $597,200
Total Assessment $645,000
Income/Expenses Year $0
Gross Operating Income $0
Annual Operating Exp $0
Net Operating Income $0
| Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
| 1 |
apartment |
monthly |
Yes |
$6,600 |
$15 |
$0 |
450 |
| 2 |
store frnt |
Sept 2023 |
0 |
$10,800 |
$0 |
$0 |
620 |
| 3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included See equipment list, built in safe, various decor items, beds and furniture in hotel rooms, POS system, Piano, various uniforms.
Items Excluded Rental equipment are 2 water softeners 2 water heaters 3 dishwashers, sellers personal property, office furniture, equipment in offices.
Heating/Cooling Central air, Forced air, Radiant, Steam, Wall AC, Wall Furnace, Zoned heating
Water/Waste Municipal sewer, Municipal water
Basement Block foundation, Other foundation, Partial, Poured concrete foundatn
Fuel Electric, Natural gas
Seating Capacity Over 100 persons
Type Apartment building, Motel/Hotel/Bed & Brkfst, Restaurant/Supper Club, Retail, Tavern
Exterior Treatment Aluminum, Block, Stone, Stucco, Wood
Building Parking No Parking
Roofing Composition, Rubber/membrane
Terms/Option
Miscellaneous Internet - DSL
Documents on File Fixtures & equipment, Property Condition Report
Location Business district, Near Major Highway
Tenant Pays Electric
Present Use Apartment building, Restaurant/Supper Club, Retail, Tavern
Licenses Beer, Food, Liquor, Wine
Lease Type Month to month
Occupied by Owner, Tenant(s)
Sale Includes Business name, Equipment, Furniture, Inventory, Lease(s), Signs
Features 3 phase electric, 440+ volt, Display window, Inside storage, Private Restrooms, Private office(s), Public rest rooms, Reception area, Residential unit(s), Signage available
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Restaino & Associates Era Powered
