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Archived over 1 year ago

$750,000

rooms 1 ba 6000 sqft

E13887 County Road DL, Merrimac, WI 53561

Commercial Commercial

Current Rent **

$10,000+

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Event Venue

Discover a unique investment opportunity with this charming schoolhouse event venue, perfect for weddings and special events. This enchanting property features a beautifully restored chapel, ideal for ceremonies, and a quaint caboose, adding a touch of whimsy. This venue offers a picturesque backdrop for unforgettable occasions near the scenic Devil’s Lake State Park. Whether you're looking to host magical weddings, corporate gatherings, or private celebrations, this versatile venue promises endless possibilities. Don't miss out on owning this distinctive piece of history, seamlessly blending vintage charm with modern amenities.
*Can be bought with S6549 Bluff Rd, Merrimac, WI for $1,700,000*
** Cap rate based off of 2023 net income/month**

Location:

E13887 County Road DL, Merrimac, WI 53561

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.