REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,999,999
Est. payment /mo
Price Dropped by $300K
3055 State Road 16 La Crosse, WI 54601
5,000 SqFt
UPDATED:
01/20/2025 08:16 AM
Key Details
Property Type Commercial
Sub Type Retail,Special Purpose,Restaurant/Supper Club
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 Sub-Type Retail,Special Purpose,Restaurant/Supper Club
Property Description
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 / Slab
Interior
Heating Natural Gas
Cooling Central Air, Forced Air
Exterior
Exterior Feature Brick, Brick/Stone
Garage Spaces 46.0
Parking On Site 46
Roof Type Metal
Building
Dwelling Type Free Standing
Sewer Municipal Water
New Construction N
Copyright 2025 WIREX - All Rights Reserved
Listed by eXp Realty LLC