Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

514 S Water St 14,113 SF Retail Building Sparta, WI 54656 $628,164 CAD ($44.51 CAD/SF)

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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
Fast Food
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
IGA
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
281-00786-0000
Land Assessment
$110,340 CAD
Improvements Assessment
$466,759 CAD
Total Assessment
$577,099 CAD
  • Listing ID: 37923390

  • Date on Market: 2025-10-02

  • Last Updated:

  • Address: 514 S Water St, Sparta, WI 54656

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}