Property Description for 319 S Division St, Stoughton, WI 53589
Real Estate sell only; Current lease is 10 years up to 6/30/2026, with one 10-year option. $1500 rent per month including 1st floor restaurant and 2nd floor residential unit till 2026; 3% annual rent increase if Option is exercised. Current business is a successful restaurant since 2016. First floor was newly remolded in 2016. The kitchen was completely built-up from floor to ceiling, front to back in 2016. Two walk-in coolers, wok, SS sinks and much more; Upstairs is a 3-bedroom apartment with a spacious living room, a kitchen and a bathroom. Seller has relocated out of state for quite a few years, would like to sell and reinvest.
- Present Use: Restaurant/Supper Club
- Total Operating Expense: $4,000
- Gross Sales: $0
- Location: Business district, Near Major Highway
- Taxes: $2,141
- County: Dane
- Zoning: Com
- Net Leasable SqFt: 3,000
- MLS Number: 1933471
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