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Fairview Sports Bar & Grill 711 W Racine St 9,379 SF 100% Leased Retail Building Jefferson, WI 53549 $575,000 ($61.31/SF)
INVESTMENT HIGHLIGHTS
- High Visibility on Highway 18 (W Racine Street), near State Highway 26 ramp.
- Two apartments on the second floor, each a two-bed/ one-bath, with private outside entrances.
- Bar/Restaurant area, a large banquet room with an additional bar, and a dining room, all of which have separate entrances.
- Large paved parking lot with a second entrance for easy accessibility.
EXECUTIVE SUMMARY
UPDATED PRICE! Motivated seller ready to retire. This turnkey business opportunity is of a well-known establishment. Many possible streams of revenue. Bar/tavern, restaurant, event venue, and rental units. This well-maintained property includes a bar/restaurant with a dining room and a large banquet room with an additional bar with separate entrances. Furniture and fixtures included. The large kitchen comes with equipment, cookware, and dishes. There is plenty of parking with access to both sides of the building. Two rental units are on the second floor, each two-bedroom/ one-bath with laundry and separate outside entrances.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$19,200
|
$2.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$19,200
|
$2.05
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $2.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $2.05 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,379 SF
Building Class
B
Year Built
1971
Price
$575,000
Price Per SF
$61.31
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.55 AC
Zoning
Commercial
Parking
50 Spaces (5.33 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $407,300 (2024) | |
| Land Assessment | $45,000 (2024) | Total Assessment | $452,300 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$45,000 (2024)
Improvements Assessment
$407,300 (2024)
Total Assessment
$452,300 (2024)
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Fairview Sports Bar & Grill | 711 W Racine St
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