508 Central Avenue Florence, WI ^$ 255,000

508 Central Avenue

^$ 255,000

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508 Central Avenue

Florence, WI, 54121

^$ 255,000

Studio Baths0.0 Sq 4,030

Monthly Estimate*

^$ 1,781

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Studio

Commercial Property for sale in Florence, WI

for $255,000. This 4,030 square foot building was built in 1950 on a lot size of 0.33.

Dina Mia of Florence, restaurant and bar has been serving the area for over 30 years in traditional Wisconsin Supper Club fashion. They closed operation on January 1, 2024 but previously served a full menu, including take out, specializing in made to order pizzas, Italian cuisine, steaks & seafood. The wrap around bar seats 26-30 patrons, the dining room seats over 80 & the adjacent party room adds additional 40 seats . The owners have now retired, but had kept pace over the years with various improvements and updates to bar/kitchen/dining room. Real estate includes the 4000 + sf building and the adjacent parking lot with over 20 spaces. Additional parking available in the bank lot across the road. This business is located on the ATV/Snowmobile trail in the center of Florence.

Commercial Active

Price

^$ 255,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

0.33

Year Built

1950

Town/City

Florence

County/Region

Florence

MLS | Web ID

50094836

Features

General

Heating Electric Heat Forced Air

Cooling Central A/C

Roof Composite Rubber Shingles

Zoning G2 Commercial Commercial

Water Public Water

Status Active Active

Year Built 1950

Parking 11-20 Spaces

Water Heater Gas

County Florence-WI

Class COM/IND/BUS OPP

Type Business

Business Type Bar/Restaurant

Business Name Dina Mia of Florence

Percent Ownership Private

Municipality Florence T-WI

Subdivision WI

Commercial Features 220 Volt Power Alley Cable TV Available Cafe/Kitchen Ceramic Floor Delivery Area Fixtures Meeting Rooms Occupied Off Street Loading Private Restrooms Public Restrooms Restroom(s) Roof Sign Sidewalks

Area Florence T-WI

Primary City Florence

Location Main Street

Directions US 2 & 141 in Downtown Florence

City Florence T-WI

Street Name Central

Financial Terms Cash Commercial Loan Conventional

Legal Description S21 T40N R18E LOTS 15-16-17 & 18 BLK 14 OF PLAT OF THE VILLAGE OF FLORENCE

DOM 539

Postal Code 54121

Price Per Sq Ft 63.28

Coming Soon Dina Mia of Florence restaurant and bar has been serving the area for over 30 years in traditional Wisconsin Supper Club fashion. They closed operation on January 1

Exterior

Exterior Stucco Vinyl Siding

Frontage 120

Lot Size Area 0.33

Lot Dimensions 120x120

Water Features None

Roads U.S. Highway

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

MICHAEL GOTSTEIN

Listing Agent

Coldwell Banker Real Estate Group

Broker

mgotstein@coldwellhomes.com

Affordability Calculator

$1,781

Per Month

Monthly Principal & Interest: $1,781
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Florence, WI

Average List Price ^$500,980

Percent of Sale Price 96%

About Florence, WI

669 Population

-9% Since 2002

^$39,429 Median Income

49.77 Median Age

15% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/29/2024	$255,000	-13.56%	Price Down
9/7/2023	$295,000	-10.06%	Price Down
6/5/2023	$328,000	-2.09%	Price Down
3/27/2023	$335,000	-2.90%	Price Down
11/2/2022	$345,000		Listed Price

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508 Central Avenue, Florence, WI, 54121 is a Commercial Property for sale at $255,000 with 4,030 sqft and a lot size of 0.33. 508 Central Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 54121 which is in Florence, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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508 Central Avenue

Commercial Property for sale in Florence, WI

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