E13887 County Road Dl Merrimac, WI 53561
- Wedding venues
- 6,000 SF
- 5.00 lot acres
Current Use by Public Records
- The Old Schoolhouse Special Events / Event Venue
Property Details for E13887 County Road Dl
- Lot size
- 5.00 lot acres
- Property size
- 6,000 SF
- Property type
- Wedding venues
- Property subtype
- Mixed-use properties
Description
This unique mixed-use property in Merrimac, Wisconsin, presents a compelling investment opportunity. The 6,000 square foot venue, situated on a 5-acre lot, consists of two buildings: a beautifully restored chapel ideal for ceremonies and a charming caboose adding a whimsical touch. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $163,344, representing a 21.78% cap rate. The asking price is $750,000, or $125 per square foot. The property boasts 56 parking spaces and is zoned for commercial use. Its prime location near Devil's Lake State Park and a ski resort provides exceptional visibility and access to a large pool of potential clients. The property includes a small dwelling, offering additional income potential. This versatile venue is perfect for weddings, corporate events, and private celebrations, offering numerous income streams. The sale may include the existing business. This is a rare chance to acquire a profitable, established event venue with significant growth potential in a desirable Wisconsin location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrimac
- County
- Sauk
- State
- Wisconsin
- Longitude
- -89.631
- Latitude
- 43.4091
