3055 State Rd La Crosse, WI 54601
Bluffside NeighborhoodEstimated payment $12,016/month
About This Home
SELLER FINANCING available with adequate down payment! Prime opportunity to own highly desired real estate right along Highway 16. Own a turnkey building with a rock solid national tenant that has been a pillar restaurant in the community for decades. Modified lease in place and priced at a 6.4 cap rate. Tenant responsible for ALL expenses except property taxes. Lease with current tenant runs through February 2027 which allows landlord to adjust monthly rent to account for property taxes. Over .75 acre lot with excellent visibility off of HWY 16 and tons of parking. Don't miss out on this investment opportunity!
Property Details
Property Type
- Other
Est. Annual Taxes
- $19,318
Lot Details
- 0.77 Acre Lot
- Property fronts a state road
Parking
- 46 Parking Spaces
Home Design
- 5,000 Sq Ft Home
- Brick Exterior Construction
- Metal Roof
Additional Features
- Handicap Accessible
- Central Air
Community Details
- Net Operating Income $147,600
Listing and Financial Details
- Exclusions: Tenants personal property
- Assessor Parcel Number 017010315050
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/18/2025 01/18/25 | Price Changed | $1,999,999 | -13.0% | $400 / Sq Ft |
| 12/26/2024 12/26/24 | For Sale | $2,300,000 | -- | $460 / Sq Ft |
Source: Metro MLS
MLS Number: 1902550
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