514 S Water St, Sparta, WI 54656 - Photo 1

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$446,000 -$1,000 (-0.22%) Price Reduced

For Sale
Active
Commercial Service
950 Sq. Ft.
Updated 4 days ago

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Property Description

A very active and bustling business is what I observed the day I listed RUDY's Drive-In, the only drive-in in Sparta & is well-known for their burgers, ice cream, dessert specialties & service. A perfect location right on the main thoroughfare through town. This is a well-maintained building, with a full basement for storage as well. 15 vehicle ordering menus & lots of room for outdoor seating under the spacious canopy. The sellers have been operating RUDY'S for 6 years and are ready to move on to new adventures out of state. RUDY'S operates from April thru August and has 35 employees. Multiple coolers & freezers, 2 restrooms, office, central air & updated equipment. Complete list of inclusions listed under Documents. Located directly across from access to THE bike trail in the State of Wisconsin, the Sparta-Elroy Trail with its 3 tunnels and passages through small little villages. An enjoyable tradition for RUDYS has been their Thursday Cruise Nights. Traffic count - over 10,000/day.

Full Property Details

Full Property Details for 514 S Water St

General

Price: $446,000
Taxes: $6,793 (2026)
Status: Active
Type: Commercial Service
Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
MLS ID: 2028474
Updated: 10/2/2026
Added to Site: 78 day(s) ago

Business

Business For Sale: Yes

Additional Information

Other Features: Restroom(s), Public Restrooms, Private Restrooms

Parking

Parking Features: 21 to 35 Spaces, On-Site Parking, Paved Lot

Location

Municipality: Sparta
County: Monroe
Driving Directions: Corner of Water St and Wisconsin St (Hwy 16)

Heating & Cooling

Heating Fuel: Natural Gas
Heating/Cooling: Forced Air, Central Air Conditioning

Utilities

Water/Sewer: Municipal Water, Municipal Sewer

Structural Information

Description/Design: Freestanding
Basement Desc.: Full
Roof: Metal
Square Feet: 950
Square Feet Range: 751 to 1000
Sq. Ft. Source: Owner
Year Built: 1960

Unit Information

Units in Building: 1

Lot Features

Zoning: Comm

Financial Considerations

Tax Amount: $6,793
Tax Year: 2026

Disclosures and Reports

Exclusions: Personal property of seller
Inclusions: See Inclusion List

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Schools

Schools serving 514 S Water St

School District:Sparta Area School District

Name	Grades	Distance
Southside Elementary School, Sparta, WI 1023 Walrath Street, Sparta, WI 54656	PK-K	0.9 mi
Sparta Elementary 925 North Black River Street, Sparta, WI 54656	1-4	1.2 mi
Sparta Meadowview Middle School 1225 North Water Street, Sparta, WI 54656	5-8	1.3 mi
Sparta High School, Sparta, WI 506 North Black River Street, Sparta, WI 54656	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions 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

10/02/2026

Price Reduced

$446,000

-0.22%

MLS

9/14/2026

Price Reduced

$447,000

-0.22%

MLS

9/02/2026

Price Reduced

$448,000

-0.39%

MLS

8/11/2026

Price Reduced

$449,750

-0.06%

MLS

7/20/2026

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

Tax History for 514 S Water St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,793

$429,500

2024

$6,367

$409,000

10%

2023

$5,890

$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

$185,500

—

2018

$4,559

$185,500

—

2017

$4,419

$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.

Estimate the Cost

Estimate the Cost for 514 S Water St

514 S Water St, Sparta, WI 54656 (MLS# 2028474) is a Commercial Service property. 514 S Water St is currently listed for $446,000 and was received on July 20, 2026. Want to learn more about 514 S Water St? Do you have questions about finding other Commercial Service 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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514 S Water St Sparta, WI 54656