$265,000

3853 N Richards St

Milwaukee WI, 53212

Description

Great investment opportunity in Riverwest. Vintage bar & restaurant in beautiful condition. 80 person capacity. License has been permitted to lapse on food service as Seller's prepare to divest the property. All FF & is included - see attached list. Bar/restaurant is about 2,150 sf. Transfer/re-establishment of any licensure is responsibility of buyer. Property also contains a 2 bdrm apartment unit & a 12 room rooming house on 2nd floor. Bar & rooming house bathrooms recently remodeled. New vinyl replacement windows throughout except bar storefront windows. Property has ability to be a cash cow for an investor or safely hedge carry/occupancy costs for a user. See attached pro forma & FF & E rider. Apartment & rooming house vacant. Seller will vacate bar upon closing.

Details

MLS#1669459
Sub-TypeResale
StatusActive
Year1920
Days On Site2

Features

SQ Feet5,151
Story(s)2
ZoningIL2

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Area Information

StateWI
CountyMilwaukee
CityMilwaukee
Zip Code53212
AreaMilwaukee
Listing VS Median (in 53212)
Price:
$265,000
low | high
Med:
$99,900
100% of Average
SqFt:
5,151
low | high
Med:
0
100% of Average
$ / SqFt:
$51
low | high
Med:
$0
100% of Average
On Site:
2
low | high
Med:
170
2% of Average
Listing Updated: 12/04/2019
MLS Number: 1669459
Listing Provided By:
Jay D Schmidt  of  Keller Williams Realty-Milwaukee North Shore

Listing data provided by Metro MLS. Copyright 2019, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.