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Listed by eXp Realty LLC
$ 1,999,999
Est. payment /mo
Active
3055 State Road 16 - La Crosse, WI 54601
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $399
MLS Listing ID 1902550
Year Built 1982
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
Rooms
Basement None
Interior
Heating Central Air, Forced Air, Natural Gas
Cooling Central Air, Forced Air, Natural Gas
Flooring No
Exterior
Exterior Feature Brick
Garage Spaces 46.0
Roof Type Metal
Building
Water Municipal Water
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