Place Perfect Realty

FOR SALE: $205,000 - 315 main st e, ashland, WI

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Waterfront

0.0 to .499

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Waterfront

And Ashland original 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 offers a unique opportunity for a new owner to carry on its legacy and get an incredible deal on this beloved local institution. It is the site of Ashland's final mural by Sue Martinsen and features a custom mahogany bar and matching server station, both designed and installed by local craftsman Mark Margetta. The building has strong bones, with major upgrades over the years including full electrical replacement in 2015, 45 new floor joists to ensure long-term structural strength, and a poured concrete foundation supporting a spacious 1,300 sq. ft. dry basement?ideal for storage or expansion. The commercial kitchen is fully outfitted with a 36" South Bend grill top with 2 burners and 2 ovens, a 2-basket fryer, a True brand double-door stainless refrigerator, a True brand 4-bay stainless steel sink, a stainless cold-well with refrigerated storage below, three freezers (added in 2018), a walk-in cooler with a new compressor (2019), and a professional-grade ventilation system. A Glycol system keeps drinks cold from keg to tap. The establishment previously had multiple streams of income, with approximately 70% of sales coming from food. The building is equipped with a Bose speaker system, five flat-screen TVs, and an internet-streaming security system, all of which are owned by the business. The space previously hosted multiple revenue-generating features, including 5 video poker machines, an ATM, an iTunes jukebox, a dart board, a pinball machine, and 2 pool tables. These machines were leased from North Lakes, who are ready and willing to bring in new equipment per the next owner's preferences. While the building has been well cared for over the years, it is being sold strictly as-is, and there are a few deferred maintenance items to be aware of. The epoxy floor coating was done in 2019, and although an area was cut out during a previous project, the flooring company has agreed to repair it at no charge. All plumbing was replaced in 2015 after a freeze, but the furnace now needs replacement. The refrigerator requires new shelving, and the fryer is heavily used and likely needs replacement. The ice machine (installed in 2018), coolers, and all equipment should be tested.