41
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$399,000
Est. payment /mo
2,305 SqFt
New
121 N Water Street Albany, WI 53502
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Key Details
Property Type Commercial
Sub Type Retail,Motel/Hotel/Bed & Brkfst
Listing Status Active
Purchase Type For Sale
Square Footage 2,305 sqft
Price per Sqft $173
MLS Listing ID 2028813
Annual Tax Amount $1,372
Tax Year 2025
Lot Size 2,831 Sqft
Acres 0.065
Property Sub-Type Retail,Motel/Hotel/Bed & Brkfst
Property Description
Mixed use investment opportunity in the heart of downtown Albany, Wisconsin. This well maintained and extensively updated building features two income producing units in a highly desirable location along the Sugar River. The commercial space is occupied by an established hemp shop under a long-term 5 year lease, providing stable rental income. The second unit is a fully furnished 2 bedroom, 2 bath Airbnb overlooking the Sugar River and Albany Dam, offering guests stunning water views and a unique destination experience. The residential unit includes in unit laundry and is being offered fully furnished for a seamless transition to new ownership. The property has benefited from numerous capital improvements, including new floor joists and support beams throughout the building, extensive exterior tuckpointing, and separate central forced air HVAC systems for each unit. Additional features include a full basement with approximately 10.5' ceilings and walkout access to the river.
Location
State WI
County Green
Zoning comm
Rooms
Basement Full, Walk Out/Outer Door
Interior
Heating Natural Gas
Cooling Forced Air, Central Air
Inclusions Everything in the AIR BNB.
Exterior
Roof Type Other
Building
Story 1
Sewer Municipal Water, Municipal Sewer
New Construction N
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Listed by ALTUS Commercial Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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