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Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Retail,Office(s),Apartment building
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1910387
Sold Date 09/03/21
Year Built 2004
Tax Year 2021
Property Sub-Type Retail,Office(s),Apartment building
Property Description
Cornerstone Condominium is a high quality 15 unit mixed use property in Stoughton. 2 of the units have been sold. The remaining 13, 10 residential and 3 commercial, are available as a package. Cornerstone is located at the hub of downtown, just steps from the Main Street Arts and Entertainment District, as well as Division Street Park along Yahara River, municipal parking lot, coffee shops, food/beverage, Public Library and acclaimed Stoughton Opera House. Still developer owned, Cornerstone is a solid, respected, well-maintained property with stable tenant base. The commercial space is professional and the residential units are above typical apartment quality. NOI reflects $19,486 in condominium fees paid in 2020. Potential to increase NOI.
Location
State WI
County Dane
Zoning PD
Rooms
Basement Partial, Poured Concrete
Interior
Heating Natural Gas
Cooling Forced Air, Central Air
Exterior
Roof Type Flat,Other
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Others
Special Listing Condition Arms Length
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