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    1408 Madison Rd Beloit, WI 53511

    For Sale
    $499,000

    Historic Tavern, 1.0 acre, high rental potential.

    Property size:
    1,620 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property presents a rare opportunity to acquire a piece of Beloit's rich history. The iconic Mouse Tavern, established in 1933, occupies the main building at 1408 Madison Road, boasting a long-standing reputation as a beloved local establishment. The current owners, who purchased the property in 1986, have successfully maintained its welcoming atmosphere and strong community ties. The sale includes two adjacent properties, significantly enhancing the investment potential. 1426 Ritsher generates a monthly rental income of $600. The vacant lot at 1420 Madison Road is zoned for commercial use, offering further income-generating possibilities. The main building encompasses 1,620 square feet and sits on a one-acre lot. In recent years, the property has undergone several upgrades, details of which are available upon request. These improvements include the addition of a valuable outdoor patio area, enhancing the tavern's appeal and functionality. This combined property offers a unique blend of established business, rental income, and significant development potential, making it an attractive investment opportunity in the heart of Beloit.

    Property Features for 1408 Madison Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,620 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1928
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    ROCK
    State
    Wisconsin
    Longitude
    -89.0642
    Latitude
    42.51699

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Tavern, 1.0 acre, high rental potential.
    Where is this commercial real estate located?
    The property is located at 1408 Madison Rd Beloit, WI.
    What is the asking price?
    The asking price for this property is $499,000.
    (608) 365-1481
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1408 Madison Rd Beloit, WI 53511
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