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    217 S Main Street

    Medford, WI 54451
    • $118,500
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: 22105041
    UPDATED: 5 min ago
    $118,500
    • 0
      BEDS
    • 0.03
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,320
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Business opportunity! Versatile business space on Main Street in Medford - currently set up as a bar (Bogey’s Bar) w/ a 1-bed, 1-bath remodeled apartment above (rents for $400-$500 per month). Approximately 1,500 main level sq ft featuring an open & versatile space, custom wooden bar w/ included stools (new in 2020), commercial refrigerator, dual sink area and ample cabinet / bar storage space. The jukebox, pool tables, poker machines are owned by the respective vendors (but the bar owner produces a portion of the income generated for each unit, although they are not owned). This turn-key business opportunity can also include all the business inventory (estimated at over $5,000) negotiable with the sale. Other values include the brand new central A/C, 4 new windows (2020), new roof (2015) - resealed in 2020, and included security camera system. Ample parking w/ a city-owned lot along the back of the property and street parking along the front. The owner is willing to train and work with the next owner to transfer business knowledge & industry experience (if desired), current owner looking for a change. The future owner could renovate this space for another business venture or purchase the bar & manage their own business. Positive cash flow and business financial information available - contact for more information. Upstairs features an updated 1 bd, 1 bath apartment w/ private exterior access (side stairs from Main St) approximately 900 sq ft w/ new vinyl plank flooring, fresh paint, cozy kitchen w/ included range & refrigerator, and a nice-sized bath w/ full tub/shower. Currently rented month-to-month at $400 per month w/ the tenant paying electric & heat separately (market rents could be higher approx. $400-$550 per month). Separate electric & gas meters, 2 electric panels, 2 furnaces, 1 water heater & 1 water meter. Unfinished full stone basement - great storage space w/ included commercial-grade freezer (included). Overall, this business opportunity offers tons of potential for a turn-key operation or local business to flourish in Downtown Medford. Schedule your showing today! Copy and paste this link into your browser to view the virtual tour for the upper apartment - https://my.matterport.com/show/?m=Btx93sa23Ff&mls=1

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    © 2021 Central Wisconsin Board of Realtors. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2021-09-24T20:31:32.017
    www.exitmidstate.com/homes/121190739
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    217 S Main Street Medford, WI 54451

    • Price: $118,500
    • Status: Active
    • Updated: 5 min ago
    • MLS #: 22105041
    0
    Beds
    3
    Baths
    0
    ½ Baths
    0.03
    Acres
    2,320
    SQFT
    $51
    $/SQFT
    Neighborhood:
    Medford
    County:
    Taylor
    Area:
    Medford
    Property Description
    Business opportunity! Versatile business space on Main Street in Medford - currently set up as a bar (Bogey’s Bar) w/ a 1-bed, 1-bath remodeled apartment above (rents for $400-$500 per month). Approximately 1,500 main level sq ft featuring an open & versatile space, custom wooden bar w/ included stools (new in 2020), commercial refrigerator, dual sink area and ample cabinet / bar storage space. The jukebox, pool tables, poker machines are owned by the respective vendors (but the bar owner produces a portion of the income generated for each unit, although they are not owned). This turn-key business opportunity can also include all the business inventory (estimated at over $5,000) negotiable with the sale. Other values include the brand new central A/C, 4 new windows (2020), new roof (2015) - resealed in 2020, and included security camera system. Ample parking w/ a city-owned lot along the back of the property and street parking along the front. The owner is willing to train and work with the next owner to transfer business knowledge & industry experience (if desired), current owner looking for a change. The future owner could renovate this space for another business venture or purchase the bar & manage their own business. Positive cash flow and business financial information available - contact for more information. Upstairs features an updated 1 bd, 1 bath apartment w/ private exterior access (side stairs from Main St) approximately 900 sq ft w/ new vinyl plank flooring, fresh paint, cozy kitchen w/ included range & refrigerator, and a nice-sized bath w/ full tub/shower. Currently rented month-to-month at $400 per month w/ the tenant paying electric & heat separately (market rents could be higher approx. $400-$550 per month). Separate electric & gas meters, 2 electric panels, 2 furnaces, 1 water heater & 1 water meter. Unfinished full stone basement - great storage space w/ included commercial-grade freezer (included). Overall, this business opportunity offers tons of potential for a turn-key operation or local business to flourish in Downtown Medford. Schedule your showing today! Copy and paste this link into your browser to view the virtual tour for the upper apartment - https://my.matterport.com/show/?m=Btx93sa23Ff&mls=1
    Exterior Features

    Building Type 2 Story Construction WoodMetalStone Land Sq Ft 1-10000 Number Of Entry Doors 3 Parking PavedMunicipalStreet Parking Roof FlatMetal Street Frontage Yes

    Interior Features

    Basement FullStone Cooling Central Heat Type Forced Air Seating Capacity 31-50 Persons Sq Footage Basement 1426 Sq Footage Building 2001-5000 Sq Footage Other 894

    Property Features

    Auction No Dba Bogey's Bar Electrical Communications 200 AMP Foreclosure No Fuel Type Natural Gas Lease Type Month To Month Licenses LiquorBeer Location Business District Miscellaneous Gas Hot Water HeaterUtility Separate MeterHigh Traffic LocationHigh Visibility Municipality MedfordCity Of Parking Spaces Yes Possible Use RetailRestaurant/BarOfficeBusinessGroceryBeauty/BarberMixed UseBeer/LiquorDay CarePizza ParlorRestaurantSpecialty/Gift ShopSupper Club/Cocktail LngeTavern/Bar Present Use Restaurant/Bar Property Type Business Opportunity W/Re Sale Includes Business NameLease(S)All EquipmentInventorySigns Sale Or Rent For Sale Sewer And Water Municipal Water Short Sale No Tax Amount $1989 Tax Year 2020 Tenant Pays HeatElectric Zoning Commercial Zoning Description G-2 Commercial

    Listing information © 2021 Mid America Regional Information Systems, Inc.
    Listing provided courtesy of Austin Solomon of Coldwell Banker Action.


    © 2021 Central Wisconsin Board of Realtors. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2021-09-24T20:31:32.017
     
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