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501 Water St, Genoa, WI 54632

$229,900

  • For Sale
  • Active
  • Commercial
  • 5,544 Sq. Ft.
  • Updated 8 days ago
501 Water St, Genoa, WI 54632 View this property at 501 Water St, Genoa, WI 54632
501 Water St Genoa WI 54632

Property Description

Turn-Key Hotel located on the state Snowmobile Trail and across the road from a Boat Launch to the Mississippi River. There are a nice variety of basic rooms and suites with kitchens and even a coin operated laundry room. You could keep one suite for living quarters for an owner or manager. The net income supports a 15% Cap Rate. There is a restaurant right next door and a nice village park across the street. This may not be the most modern hotel but it is certainly a very successful one. Rates are also on the low side, so the potential for an immediate increase in gross income is very good.

Full Property Details for 501 Water St

  • Price: $229,900
  • Taxes: $3,041 (2015)
  • Status: Active
  • Type: Commercial
  • MLS ID: 1792958
  • Updated: 5/19/2017
  • Added: 134 day(s) ago

Property History

  • 501 Water St, Genoa, WI
  • Listed at $229,900 on 1/13/17

Business

  • Business For Sale: Yes

Additional Information

  • Other Features: Restroom(s), Private Restrooms, Residential Unit(s), Reception Area

Parking

  • Parking Features: 11 to 20 Spaces, Paved Lot

Location

  • County: Vernon
  • Driving Directions: 501 Water St. / Genoa, Wi. / 54632

Heating & Cooling

  • Heating Fuel: Electric
  • Heating/Cooling: Radiant, Wall Air Conditioning

Utilities

  • Water/Sewer: Municipal Water, Municipal Sewer

Structural Information

  • Roof: Composition/Fiberglass
  • Square Feet: 5,544
  • Square Feet Range: 5001 or More
  • Sq. Ft. Source: Owner

Unit Information

  • Units in Building: 12

Lot Features

  • Zoning: Comm.

Financial Considerations

  • Tax Amount: $3,041
  • Tax Year: 2015

Listed by Castle Rock Realty LLC

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501 Water St, Genoa, WI 54632 (MLS# 1792958) is a Commercial property. 501 Water St is currently listed for $229,900 and was received on January 13, 2017. Want to learn more about 501 Water St? Do you have questions about finding other Commercial real estate for sale in Genoa? You can browse all Genoa real estate or contact a Coldwell Banker agent to request more information.

Listed by Castle Rock Realty LLC