E13887 Highway DL - Old Schoolhouse Special Event Center
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E13887 Highway DL - Old Schoolhouse Special Event Center
6,000 SF Specialty Building Offered at $750,000 at a 21.78% Cap Rate in Merrimac, WI 53561
Investment Highlights
- Room for expansion
- Picturesque location
- Multiple revenue streams
- Very near popular attractions
Executive Summary
Discover a unique investment opportunity with this charming schoolhouse event venue, perfect for weddings and special events. This enchanting property features a beautifully restored chapel, ideal for ceremonies, and a quaint caboose, adding a touch of whimsy. This venue offers a picturesque backdrop for unforgettable occasions near the scenic Devil’s Lake State Park. Whether you're looking to host magical weddings, corporate gatherings, or private celebrations, this versatile venue promises endless possibilities. Don't miss out on owning this distinctive piece of history, seamlessly blending vintage charm with modern amenities.
This property can have multiple uses
- Restaurant
- Event Venue
- Bar
- Airbnb
This property can have multiple uses
- Restaurant
- Event Venue
- Bar
- Airbnb
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $750,000 | Lot Size | 5.01 AC |
| Price Per SF | $125 | Building Size | 6,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 21.78% | Year Built/Renovated | 1900/2017 |
| Property Type | Specialty | Parking Ratio | 10/1,000 SF |
| Building Class | C |
| Price | $750,000 |
| Price Per SF | $125 |
| Sale Type | Investment or Owner User |
| Cap Rate | 21.78% |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 5.01 AC |
| Building Size | 6,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2017 |
| Parking Ratio | 10/1,000 SF |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
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zoning
| Zoning Code | C (Recreation Commercial and additional Parcel (Buildable)) |
| C (Recreation Commercial and additional Parcel (Buildable)) |
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E13887 Highway DL - Old Schoolhouse Special Event Center
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