538 1st St

New Glarus, WI
MLS # 1895102

Sold price:

$130,000

Sold on 02/16/2021

Listed by Restaino & Associates Era Powered

Description

Looking for an investment with good income potential and long term tenants? One of New Glarus' Downtown Historic Landmarks is for sale! Stately brick building is ready for new owners after 50 years of ownership. The property is currently fully rented. Main level has a retail space holds tall display windows, tall ceilings, small office, work area with access to basement, and balcony. Upstairs is a 1bdrm apartment with bonus room (seller renting as 2bdrm) that has a bright feeling and tall ceilings as well as an efficiency apartment. Property is designated on the Historic Registry. Priced to sell! Property is in need of repairs, Seller will not make repairs. Come check this one out to see if it's a good fit for your investment portfolio! Business is not for sale.

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Property Details

Features Commercial/Business

RE For Sale: Yes Bus. For Sale: No
Lease Only: No Ann. Rent/Sq.Ft.: 9.77
Bldg Gross Sq.Ft.: 3500 Taxes: $4,915

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Listing History

Date Event Change
Feb 16 2021 3:44PM Status Change Sold
Jan 15 2021 9:53AM Status Change Offer-Show
Nov 18 2020 8:44AM Price Change $199,000
Oct 3 2020 12:23PM Price Change $239,000

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