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MLS# 5001147
231 5th Street NW
Clear Lake, WI 54005
0.5 acres
Built 1976  ●  Clear Lake schools
Info: 763-576-8286
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    Description:   The Stillwater Bridge will change property values forever. Get ahead of other Commercial/Residential Investors while prices are still low! You'll never have this opportunity again to invest in an exploding market! Rentals are hard to come by, and this one has been rented nearly continuously since this owner purchased in 2005. Great location just a stone's throw from grocery and hardware stores. New steel roof in 2005-06 and nice looking brick exterior in great condition. Wall A/C in each unit.
    List Price: $374,900
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1976
    City: Clear Lake
    Zip Code: 54005


    Building Fin Sq Ft: 5,840 ft²
    Appliances Included: Range, Refrigerator
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: None


    Air Conditioning: Wall
    Heating System: Boiler
    Foundation Size: 2,920 ft²
    Shared Amenities: Coin-op Laundry Owned
    Unit Amenities: Local Area Network
    Road Frontage: City, Paved Streets
    Handicap Accessible: None
    Exterior Material: Metal, Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 10
    Roof Details: Pitched, Age Over 8 Years, Metal


    Acres: 0.5
    Lot Description: Tree Coverage - Light
    Latitude: 45.25452900
    Longitude: -92.27026100
    Lot Size Dim.: 180 x 120
    Zoning: Business/Commercial


    School District: 1127 - Clear Lake
    District Phone: 715-263-2114


    Annual Caretaker Expense: $2,400
    Annual Electric Expense: $744
    Annual Fuel Expense: $2,100
    Annual Insurance Expense: $2,250
    Annual Maintenance Expense: $2,720
    Annual Repair Expense: $1,880
    Annual Gross Expense: $20,039
    Total Annual Expenses: $20,039
    Annual Trash Expense: $1,200
    Annual Water/Sewer Expense: $2,040
    Owner Expenses: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn

    Financial & Taxes

    Tax Year: 2017
    Annual Taxes: $5,905
    Assessment Pending: No
    Taxes w/ Assessments: $5,905


    Annual Gross Income: 41100.00


    Annual Net Income: $21,061


    Total Rooms in Unit 1: 7
    Total Units: 8
    Number of Efficiencies: 1


    Current Use: Residential
    Fuel System: Natural Gas
    Sale Includes: Building, Land, Leases
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Von Itter
    Bay Equity
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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