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Listed by Spenser Nickelatti • eXp Realty LLC
$1,999,999
Est. payment /mo
5,000 SqFt
Active
3055 State Road 16 La Crosse, WI 54601-1824
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3501 or more,3501-5000,2501 or more
Square Footage 5,000 sqft
Price per Sqft $399
Municipality LA CROSSE
MLS Listing ID 1902550
Year Built 1982
Building Age 21+ Years
Annual Tax Amount $19,318
Tax Year 2023
Lot Size 0.770 Acres
Acres 0.77
Property Description
SELLER FINANCING available with adequate down payment! Prime opportunity to own highly desired real estate right along Highway 16. Own a turnkey building with a rock solid national tenant that has been a pillar restaurant in the community for decades. Modified lease in place and priced at a 6.4 cap rate. Tenant responsible for ALL expenses except property taxes. Lease with current tenant runs through February 2027 which allows landlord to adjust monthly rent to account for property taxes. Over .75 acre lot with excellent visibility off of HWY 16 and tons of parking. Don't miss out on this investment opportunity!
Location
State WI
County La Crosse
Zoning Commercial
Direction North on Hwy 16 from La Crosse, Property on Left just before Onalaska
Rooms
Basement None / Slab
Interior
Heating Natural Gas
Cooling Central Air, Forced Air
Exterior
Garage Spaces 46.0
Parking On Site 46
Roof Type Metal
Total Parking Spaces 46
Building
Dwelling Type Free Standing
Sewer Municipal Water
Structure Type Brick,Brick/Stone
New Construction N
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