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514 S Water St 14,113 SF Retail Building Sparta, WI 54656 $628,164 CAD ($44.51 CAD/SF)
INVESTMENT HIGHLIGHTS
- Seasonal Drive-in Restaurant
- Established local business
- High visibility
EXECUTIVE SUMMARY
Sparta's one and only drive in restaurant is ready for a fresh start and new owner! Prime location on the corner of Hwy 16/21, across from Ben Bikin' and the famous Sparta-Elroy bike trail, this staple in the Sparta community has thrived over the years with locals and tourists alike. Continue with the tradition of burgers, root beer floats and Thursday night cruise nights or bring fresh ideas to a local summer destination. The building is 900 sq. ft. furnished with all the equipment you need, a 30x60 and 15x30 canopy space for cars to park under and order, and an additional 30x27 canopy for outdoor dining. Average daily traffic count of 10,400 in 2024.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
14,113 SF
Building Class
C
Year Built/Renovated
1960/2022
Price
$628,164 CAD
Price Per SF
$44.51 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.32 AC
Zoning
COM
Parking
20 Spaces (1.41 Spaces per 1,000 SF Leased)
Frontage
266’ on State Highway 16 and 21
AMENITIES
- Freeway Visibility
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Rudy's Drive In
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Rudy's Drive In | - | - | - | - |
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 281-00786-0000 | Improvements Assessment | $466,759 CAD |
| Land Assessment | $110,340 CAD | Total Assessment | $577,099 CAD |
PROPERTY TAXES
Parcel Number
281-00786-0000
Land Assessment
$110,340 CAD
Improvements Assessment
$466,759 CAD
Total Assessment
$577,099 CAD
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Presented by
McClain Realty
514 S Water St
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