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Listed by Karl McKillip Great Lakes Real Estate Svs
$ 1,750,000
Est. payment /mo
New
256 E Chestnut St Burlington, WI 53105
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $218
MLS Listing ID 1980528
Year Built 1900
Annual Tax Amount $7,637
Tax Year 2025
Acres 0.1
Property Sub-Type Commercial/Industrial
Property Description
Exceptional mixed-use investment opportunity in Downtown Burlington! Fully gutted, renovated and repurposed in 2021 with extensive updates including roof, exterior, mechanicals and interiors. Property features 2 commercial suites with tenants recently signing new 3-year leases, plus an established, fully furnished Airbnb operation consisting of 4 units: three 2BR/1BA units and one studio. All Airbnb furnishings included in the sale for a turnkey opportunity. Seller reports total property NOI of approximately $185,000-$200,000 annually, with additional value-add and revenue growth potential. Strong diversified income stream with major capital improvements already completed.
Location
State WI
County Racine
Zoning B-2
Direction Corner of Chestnut and Dodge St
Rooms
Basement Full
Interior
Inclusions All Airbnb furnishings, as well as commercial leases and short-term rental agreements.
Exterior
Roof Type Rubber
Building
Building Description Brick, Security Equipment,Sprinkler System,Freight Elevator,Rest Rooms
Sewer Municipal Sewer
Water Municipal Water
Structure Type Brick
Others
Tax ID 206031932400600
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