315 Main St E, Ashland, WI 54806 | The Real Estate Book® | The Real Estate Book

315 Main St E
Ashland, WI 54806

$259,000

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Status Active
Listing Commercial
Style Other
Year Built 1946
MLS® 6093438
Original Listing Open Link
Commercial For Sale

Property Features
An Ashland Gem now available. This storied property has a long and proud Ashland history. Originally "Cabbies" Bar, the Stagecoach has provided live-entertainment, food and drink to generations of Ashlanders. Located in the heart of the city, with a main street location, this business has been lovingly updated and refreshed, and is currently very profitable and in excellent condition inside and out. Soon to be the site of Ashland's newest mural by Sue Martinsen, this property offers everything a business owner needs to make a great living in a great community. The business and the building are in excellent condition. Highlights include a custom mahogany bar designed and installed by Mark Margetta, and a matching mahogany server station. Recent updates include a roof replacement last year, all electrical replaced six years ago. 45 floor joists were replaced to ensure long term strength and a solid foundation. The dry, solid, poured concrete foundation offers a 1300 sf basement for ample storage. A commercial kitchen contains a 36" South Bend grill top with 2 burners and 2 ovens, a 2 basket fryer, a True Brand commercial double door stainless refrigerator, True brand 4 bay stainless steel sink, a stainless cold-well with 2 doors of refrigeration beneath, a full-sized, professional ventilation system, three new freezers in 2018, complete plumbing replacement 6 years ago, a walk-in cooler with a new compressor 2 years ago and a Glycol system to keep every beverage cold from the first pour to the last. A new Air conditioning compressor and new furnace were installed 6 years ago, all coolers were new in 2014, the 400 pound ice-o-matic ice machine is also new in 2018. The floors were given a new, durable, epoxy coating this year. The establishment has multiple streams of income. 70% of food and drink sales are currently from food. Additional on-site income streams include 5 video poker machines, an ATM, a iTunes Jukebox, a dart board, a pinball machine, and 2 pool tables. There are also 5 flat screen TV's for sporting events, and excellent Bose speakers. The security system includes internet streaming, and is owned by the business. The 2 station Point of Sale system is also owned. Parking has never been a problem, even with regular events of over 200 people. Several overflow lots are within a dozen steps from the site, and additional parking exists at the Catholic Church. Financial data will be shared with qualified, serious purchasers.
Key Features
Lot Size 0.13 acres
Property Type Commercial
Year Built 1946
Style Other
Stories 1.0
Interior Features
Heating Forced Air
Cooling Central A/C
Exterior Features
Lot Size 0.13 acres
Roof Unknown
The Neighborhood
County Ashland County

Disclaimer: Copyright © 2021 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Interested in this listing?
Kevin Porter
Listing Agent
Kevin Porter
By the Bay Realty
Direct: 715-256-7077
Broker: (715) 413-1354
By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed or use prerecorded and artificial voice), and email, from TREB.com and real estate professionals and their network of service providers about your inquiry and other home-related matters. Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.
Kevin Porter
Listing Agent
Kevin Porter
By the Bay Realty
Direct: 715-256-7077
Broker: (715) 413-1354
Get Connected
By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed or use prerecorded and artificial voice), and email, from TREB.com and real estate professionals and their network of service providers about your inquiry and other home-related matters. Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.
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Information deemed reliable but not guaranteed. All measurements are approximate. MLS® numbers are provided where available. NewPoint Media Group, LLC is not affiliated or associated with The Canadian Real Estate Association or any other owner of the MLS® word or design mark in any geographic area.