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$430,000 -$20,000 (-4.44%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 900 Sq. Ft.
  • Updated 1 hour ago
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Sparta's one and only drive in restaurant is ready for a fresh start and new owner! Prime location on the corner of Hwy 16/21, across from Ben Bikin' and the famous Sparta-Elroy bike trail, this staple in the Sparta community has thrived over the years with locals and tourists alike. Continue with the tradition of burgers, root beer floats and Thursday night cruise nights or bring fresh ideas to a local summer destination. The building is 900 sq. ft. furnished with all the equipment you need, a 30x60 and 15x30 canopy space for cars to park under and order, and an additional 30x27 canopy for outdoor dining. Average daily traffic count of 10,400 in 2024.

Full Property Details for 514 S Water St

General

  • Price: $430,000
  • Taxes: $6,367 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1937692
  • Updated: 1/19/2026
  • Added to Site: 108 day(s) ago

Additional Information

  • Other Features: Fixtures, Handicap Access, Inside Storage, Office(s), Other, Restrooms

Parking

  • Total Spaces: 20

Location

  • Municipality: City
  • County: Monroe
  • Driving Directions: Corner of Water St and Wisconsin St. (Hwy 16).
  • Dist. to Freeway: Less than 1 Mile
  • Location Details: Corner, Freestanding

Heating & Cooling

  • Heating/Cooling: Central Air Conditioning, Natural Gas

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Structure Type: Other
  • Exterior Const.: Brick
  • Basement Desc.: Block, Full
  • Roof: Metal
  • Ceiling Height: 8 to 10 Feet
  • Drive-In Clearance: No Truck Door
  • Stories Description: 1
  • Square Feet: 900
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.32
  • Frontage: High Visibility, Paved Lot, Paved Road, State Road
  • Zoning: G2-Com

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Tax Amount: $6,367.13
  • Tax Year: 2024

Listed by McClain Realty

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— 514 S Water St —

  • McClain Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 514 S Water St

School District:Sparta Area School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 514 S Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/19/2026
Price Reduced
$430,000
-4.44%
MLS
10/03/2025
Listed
$450,000
38.46%
MLS
2/08/2021
Sold
$325,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 514 S Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,367
8%
$409,000
10%
2023
$5,890
4%
$371,800
14%
2022
$5,653
33%
$325,700
43%
2021
$4,264
-4%
$228,200
—
2020
$4,448
-4%
$228,200
23%
2019
$4,612
1%
$185,500
—
2018
$4,559
3%
$185,500
—
2017
$4,419
4%
$185,500
—
2016
$4,231
—
$185,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by McClain Realty

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514 S Water St -, Sparta, WI 54656 (MLS# 1937692) is a Commercial property. 514 S Water St - is currently listed for $430,000 and was received on October 03, 2025. Want to learn more about 514 S Water St -? Do you have questions about finding other Commercial real estate for sale in Sparta? You can browse all Sparta real estate or contact a Coldwell Banker agent to request more information.

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