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Paula Dollard
Mobile: (608) 469-3374
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115 W Pearl Street,  New Lisbon,  WI  53950 $689,000 Active
115 W Pearl Street,  New Lisbon,  WI  53950
$689,000
Active
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 Property Type Business/Commercial
 Parcel # 292610616.1
 County Juneau
 Sub Area L20
 Municipality New Lisbon
 MLS# 1970051
 Listing Date 01/22/2024

MLS Public Remarks  Invest in a piece of history with this charming brick 10-plex apartment building, formerly known as The Park Motel. Tons of work into this building Recent upgrades include freshly paved lot, new decking and stairs, and installation of an 800 amp electrical service. The property boasts a stellar occupancy record with long term renters. The owner covers water and sewer expenses, while tenants are responsible for their own electric and gas bills. Seven units occupied units feature 2 updated laundry areas for added convenience. The sale includes all refrigerators, ranges, and on-site maintenance materials. Embrace the historical significance and modern amenities offered by this unique property. 2 Parcels Classified as G2 - COMMERCIAL
Documents and Related Links  
1) Lead Paint
2) Summary
3) Rent Roll
4) Condition Repoprt
* 1 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  New Lisbon
  • C/T/V  City
  • Unit #  
  • Directions  115 W. Pearl Street. 1 Block Off 12/16
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $91,056
  • Total Units/Bldg  10
  • Building Gross SqFt  999
  • Net Leasable SqFt  999
  • Year Built  1876
  • Source for Year Built  Othr
  • Approx Bldg Dimen  999
  • Street Frontage  350
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  G3
  • Est. Total Acres  0.64
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $22,200
  • Assessment Year  2023
  • Net Taxes  $2,359
  • Tax Year  2022
  • Improvements  $256,900
  • Total Assessment  $279,100
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $3,337
  • Gross Operating Income  $91,056
  • Annual Operating Exp  $10,381
  • Net Operating Income  $80,675
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 m 30 0 $711 $91,056 $0 1
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Exterior Treatment  Brick
  • Building Parking  6-10 spaces, Paved
  • Roofing  Metal
  • Terms/Option  Seller may assist
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Fixtures & equipment, Lease(s), Property Condition Report
  • Location  Business district, Corner, Free standing, Residential area
  • Tenant Pays  Air Conditioning, Electric, Heat
  • Present Use  Apartment building
  • Licenses  
  • Lease Type  Annual, Month to month, Renewal options
  • Occupied by  Tenant(s)
  • Sale Includes  Equipment, Lease(s), Other
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of @properties Christies International Real Estate