916 Madison AveFort Atkinson, WI 53538

  • Other commercial real estate
  • 0.30 AC
For Sale
$349,000 View listing

Property Details for 916 Madison Ave

Lot size
0.30 AC
Property type
Other commercial real estate
APN
226-0614-3334-074
APU
22606143334074

Description

This exceptional mixed-use property in downtown Fort Atkinson, Wisconsin, presents a unique investment opportunity. The building, formerly Kent's Big Bar, boasts a total of 2,653 square feet across two stories. The upper level comprises a spacious 1,440-square-foot apartment featuring three bedrooms plus a den, perfect for residential use or generating rental income. The ground floor offers 2,561 square feet of versatile commercial space, ideal for a variety of businesses. This level includes a valuable two-car garage, a convenient overhead canopy, an outdoor storage shed, and a whole-facility generator ensuring reliable power. Ample asphalt parking is also available. Situated on a major thoroughfare in Jefferson County, this property enjoys excellent visibility and accessibility. Its prime location offers easy access to Jefferson (10 minutes away), the scenic Lake Koshkonong, and Madison (a 35-minute commute). The property's address is 916 Madison Ave, Fort Atkinson, WI 53538, and its APN is 226-0614-3334-074. This is a rare chance to acquire a well-situated mixed-use property with significant upside potential in a thriving community. The asking price is $349,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,664,853
    Hospitality
    $2,440,991
    Educational
    $2,030,876
    Medical
    $2,100,721
    Retail
    $3,159,140
916 Madison Ave, Fort Atkinson, Wisconsin

Location Insight

City
Fort Atkinson
County
Jefferson
State
Wisconsin
Latitude
42.9348
Longitude
-88.8496
CBSA code
48020
CBSA name
WATERTOWN-FORT ATKINSON, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,236
$107,000
$244,600
$351,600
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