Listing provided courtesy of Arthur Real Estate
- MLS#1894435
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Request Info108 E Merrimac St
Dodgeville, WI 53533
Commercial · 0.19 Acres$599,000 Active
Overview
- Time on Site:
- 545 days
- Visits:
- 62
Come be the new chapter of the long and interesting history of this SW Wisconsin Icon. The Red Room Bar and Restaurant since 1934 this location has served countless local people and even more travelers. Featured on the PBS In Wisconsin episode Tavern League episode. Located in the heart of Dodgeville this establishment is a gathering place for birthday parties, anniversary celebrations or just a cold beer and a hot meal after a long day at work. New covered patio area for safe social distancing. The only location with outdoor seating in the downtown area. Lower level which once was a four lane bowling alley, the lanes are still there. Lots of room for many events. Multiple events already on the books for 2022. Come see for yourself.
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Facts & Features
- Type Commercial
- Lot 0.19 Acres
General
Income/Expenses
- Net Operating Income: 0
- Operating Expense: 0
Listing Information
- Sale Includes: Business name, Equipment, Signs, Furniture
Building Information
- Fuel: Natural gas
- Water/Waste: Municipal water, Municipal sewer
- Year Built: 1920
Business Information
- Business Name: Red Room Bar & Restaurant
- Current Use: Restaurant/Supper Club, Tavern
Location/Region
- County Or Parish: Iowa
- Postal City: Dodgeville
Parking Information
- Parking Fees/Mo.: 0
Rent/Lease Information
- Lease Type: None
- Tenant Pays: N/A
Tax Information
- Tax Annual Amount: $7,855.00
- Tax Assessed Value: $293,700.00
- Tax Year: 2019
General Information
- Business Sale: Yes
- Exclusions: pool tables and penny slots are leased
- Features: Loading dock(s), Overhead doors, Public rest rooms, 440+ volt, Signage available, Security system
- Inclusions: All bar and restaurant equipment. All tables, chairs, furniture, fixtures, liquor licenses and food licenses. See complete list with listing broker
- Parcel Number: 216-0380 216-0265 216-0374
- Property Sub Type: Business/Commercial
- Property Type: Business/Comm
- Type: Restaurant/Supper Club, Tavern
- Zoning: Comm
Interior
Building Information
- Heating/Cooling: Forced air, Central air
- Number of Loading Docks: 2
Building Interior
- Building Area Source: Assessor
- Building Area Total: 7844
- Ceiling Height Max: 12
- Ceiling Height Min: 9
- In Unit Laundry Level: Yes
- Seating Capacity: Over 100 persons
General Information
- Stories Total: 1
Unit Information
- Unit 4 Half Baths: 0
Exterior
Parking Information
- Onsite Parking: 10
- Parking Features: 6-10 spaces
Lot Information
- Street Frontage: 140
- Lot Size Acres: 0.19
- Lot Size Dimensions: 70x103
- Lot Size Source: Assessor
Waterfront/View
- Lake/River: Red Room Bar & Restaurant
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Rubber/membrane
Monthly Cost
Market Data
Based on the last 30 days in this zip code
$653,278
Median Sales Price
$219
Median Price per Square Foot
10
Properties Sold
12
New on Market
40
Average Days on Market
19
Properties for Sale
History
| Date | Value | Agent |
|---|---|---|
| 1/19/2023Source: South Central Wisconsin MLS | Active |
|
| 12/31/2022Source: South Central Wisconsin MLS | Expired |
|
| 8/25/2022Source: South Central Wisconsin MLS | August 25, 2022 |
|
| 8/4/2022Source: South Central Wisconsin MLS | March 31, 2022 |