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431 Broad St
Lake Geneva, WI 53147
Investment / Development Opportunity · Retail Property For Sale

Investment Highlights

  • Lake Geneva, WI Central Business District. Rehabbed 2 story 2 -tenant Blgd. w/ high traffic & foot exposure. Parking lot on premises. Former Grocery &
  • Heavy Auto & Foot Traffic. Lake Geneva, WI Central Business District, Adjacent Buildable lots included with subject Property
  • Cafe. Two Buildable lots are part of the subject Property. Owner put all 3 lots under 1 tax key. Site Plans were approved to build on by Lake Geneva

Property Facts

Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,600 SF
Building Class
B
Year Built/Renovated
1969/2007
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
8’
Building FAR
0.28
Lot Size
0.30 AC
Zoning
Commercial - CBD - Central Business District of the City Lake Geneva, WI Existing Renovated Blgd. with additional Land /Lots for Blgd. Expansion & Development
Parking
11 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
101’ on Broad St

Amenities

  • Corner Lot
  • Courtyard
  • Restaurant
  • Security System
  • Tenant Controlled HVAC
  • Accent Lighting
  • Recessed Lighting
  • Air Conditioning

About 431 BROAD ST , LAKE GENEVA, WI 53147

Lake Geneva, WI Commercial Property for Sale. Property was a Former Neighborhood Grocery, building was rehabbed to open a Local organic fresh foods grocer and small cafe. Available as is or Build out your very own Lake Geneva Business Property. Versatile Property is well maintained and complete with all Newer Mechanicals. There is a rear paved parking lot which is a rarity in Lake Geneva. Property was owner occupied since 2006. CURRENT OWNER IS RESPONSIBLE FOR COMPLETE REHAB. Property is comprised of 3 city parcels on one tax key. Property has additional land to be further developed. Complete Site Plans and Drawings are included with the Sale. Site plans were previously approved by the City of Lake Geneva. Partial Building Improvements / Highlights All New Plumbing Fawcett Fixtures 2019 All 1st S/S sinks 2011 All 1st floor Cabinetry installed 2011 Grease Trap 2011 All New Electrical Lines & Outlets 2007 & 2011 All New Data lines and network service 2007 & 2011 New HVAC & Water Heaters 2006 & 2011 Exterior Stucco & Dry Vit ADDED 2011 Exterior Block Walls last Tuck-pointed 2019 Exterior Block last Freshly Painted 2019 Installed Front Concrete Verandah 2007 Installed Block Patio & Courtyard Garden 2011 Walk-in Cooler 2006 The Grocery store closed in 2014 and then was used an additional space for the owners other businesses and storage. The 1st fl. space can be divided into 2 spaces. The 2nd fl was always used as office. The addition of a shower would comply with the local laws for an occupancy permit.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • ZOP00114
  • ZOP00112
  • ZOP00113
Land Assessment
$196,500
Improvements Assessment
$428,000
Total Assessment
$624,500
  • Listing ID: 19029930

  • Date on Market: 3/27/2020

  • Last Updated:

  • Address: 431 Broad St, Lake Geneva, WI 53147

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