1321 Madison Ave, Fort Atkinson, WI 53538 Sold for $500,000 on 08/30/2022

1321 Madison Ave, Fort Atkinson 1.56 Acres $500,000 Sold

  • Commercial/Industrial
  • Status: Sold
  • Est. Square Footage: 4,292
  • Est. Year Built: 1960
  • County: Jefferson
  • Postal Municipality: Fort Atkinson
  • MLS#: 1795009
  • Listing Company: Keller Williams Prestige
  • Price/SqFt: $134
  • Zip Code: 53538

1321 Madison Ave, Fort Atkinson, WI 53538 - Independent 16 unit motel that has great potential for the next investor. Prime location! Right down the road from all the newer retail establishments. Constructed in 1960, operated by the same ownership since 1997. Very clean and well maintained.Has a two bedroom 1 bath home with a 2 car detached garage on site. Opportunity to live there or rent it out for additional revenue.Currently the hotel is run with no advertisement or internet and would therefore offer new ownership strong upside potential. Asset is underperforming the market.

Additional Features
  • None
  • Heating/Cooling: Hot Water/Steam, Natural Gas, Wall/Sleeve Air
  • Water Waste: Municipal Sewer, Municipal Water, Private Well
  • Inclusions: Furniture, bedding, and other inventory items will be delineated on a fixtures and property inventory report as part of the offer to purchase lines 228-229.
  • Roof: Composition
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1795009 Sold ActiveWO Aug 30 2022 12:00AM $500,000 36
1795009 Sold ActiveWO Aug 30 2022 12:00AM $500,000 36
1795009 ActiveWO Active Jun 20 2022 1:28PM 36
1795009 Active May 31 2022 2:38PM $576,000 36

Estimated Monthly Payment

$3,287 per month
Calculate Payment

Make An Appointment

Contact Shorewest

1.800.434.7350

Schedule a Showing

Get More Info

Receive more detailed information on this property

Ask a Question

The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.
REALTOR *MLS* Equal Housing Opportunity