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497 Lake St 3,500 SF Health Care Building Offered at $585,000 in Montello, WI 53949
Investment Highlights
- Two well-designed residential buildings totaling 16 rooms, offering versatile layout options for multiple uses.
- Each building includes two full baths, with select units featuring additional half baths for added convenience.
- Property features modern conveniences including electric heat, window air units, sprinkler system, laundry facilities, walk-out patios, and more.
- Spacious common areas with large living rooms, full kitchens, and dining rooms in each building create a functional living environment.
- Private office spaces in both buildings enhance flexibility for administrative or management purposes.
- Situated on a large lot with blacktop parking and a two-car detached garage for ample vehicle accommodation.
Executive Summary
Former CBRF, Community based Residential facility, 2 units 8 rooms each. 16 total rooms large living rooms, Kitchens and dining rooms, new carpet front building, 2 full baths in each building, plus Apt. 1 and 6 each have a half bath, private office in each building, all electric heat, window air, sprinkler system in place, no basements, laundry, pantry's and walk out patios. Black top parking out-front on a large lot, 2 car detached garage. Current tenant is relocating. Currently no income. Set your own rents. Great extra income property. many different uses, nursing home, apt. building, efficiency rental. Located in a great historical city of Montello Wi. located near the fox river system. Quiet neighborhood. great investment! Built in 1997. Brick and vinyl exterior. Easy to maintain.
Property Facts
| Price | $585,000 | Lot Size | 0.46 AC |
| Price Per Bed | $36,563 | Building Size | 3,500 SF |
| Sale Type | Investment or Owner User | No. Beds | 16 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built | 1990 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Zoning | G2 - Commercial | ||
| Price | $585,000 |
| Price Per Bed | $36,563 |
| Sale Type | Investment or Owner User |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 3,500 SF |
| No. Beds | 16 |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | G2 - Commercial |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 251-00067-0005 | Improvements Assessment | $209,000 |
| Land Assessment | $24,200 | Total Assessment | $233,200 |
Property Taxes
Parcel Number
251-00067-0005
Land Assessment
$24,200
Improvements Assessment
$209,000
Total Assessment
$233,200
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497 Lake St
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