Bought with Keller Williams Realty-Milwaukee Southwest
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625 S Wells St Lake Geneva, WI 53147
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Key Details
Sold Price $1,924,400
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1808022
Sold Date 10/31/22
Annual Tax Amount $12,016
Tax Year 2021
Lot Size 3.490 Acres
Acres 3.49
Property Description
Established 28 unit motel with large in-ground pool + 4 bedroom home on nearly 3.5 acres in the city of Lake Geneva. Great location with approx. 430' of frontage on high-traffic Wells Street. Just a few blocks to the beautiful waters of Lake Geneva & downtown. Numerous improvements completed throughout ownership including new blacktop, select roofs/siding, multiple room updates and more. Stand alone 4 bed/2 bath home offers 3,056 sqft of living space and serves as the owner's live-in/office. Rentals are currently comprised of 10 buildings: a 13 unit building, a 6 unit building, a 2 unit building and 7 individual cabins. Potential for 4 additional rentals via the home and renovation of the rear building and 8th cabin. Proposed split of parcel also available via MLS 1808037 and MLS 1808036.
Location
State WI
County Walworth
Zoning Commercial
Rooms
Basement Partial
Interior
Heating Forced Air, Hot Water/Steam, Indiv. Heating Units, Natural Gas, Wall/Sleeve Air
Cooling Forced Air, Hot Water/Steam, Indiv. Heating Units, Natural Gas, Wall/Sleeve Air
Flooring No
Exterior
Exterior Feature Aluminum, Brick, Vinyl, Wood
Roof Type Composition,Rubber
Building
Water Municipal Sewer, Municipal Water
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