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    Stevens Point Commercial Building For Sale Title is generated by Realmo AI

    143 N DIVISION STREET, Stevens Point, WI 54481

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    For Sale
    $1,300,000

    Real Estate For Sale - Stevens Point, WI

    Property size:
    5,520 SF
    Lot size:
    1.14 Acres
    Price / SF:
    $235/SF
    Added:
    Dec 10, 2025
    Days on Market:
    162
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 143 N DIVISION STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Paved or Surfaced
    Standard status
    Active
    Size
    5,520 SF
    Lot size
    1.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    0

    Building Details

    Number of units
    1
    Building materials
    Brick, Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    TEAM KITOWSKI

    Listing agent TEAM KITOWSKI License #52728-90

    Listing office KPR BROKERS, LLC 2417 Post Rd, Stevens Point, WI

    Listing date Dec 10, 2025

    MLS# 22505699 Listing URL

    Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with high visibility, near the University of Wisconsin‑Stevens Point, hotels, and I‑39.
    • Equipped as a restaurant with a large, efficient kitchen including grill/fry, expo, and dishwashing stations, plus a large prep area.
    • Substantial storage space with a walk‑in cooler/freezer and ample dry storage.
    • Updated with a Fiber Tile flat roof (2008), HVAC units (2013), and water softener/tankless water heaters (2025).
    • Currently zoned as B4 Commercial.
    • Capacity to serve over 100 customers.

    Overview

    This commercial building offers a prime location with high visibility and the capacity to serve over 100 customers. Currently set up as a restaurant, the property is situated within walking distance of the University of Wisconsin-Stevens Point and hotels, and is located two minutes from I-39. Upon entry, there is a waiting area and greeting station with a display case. The dining area features an assortment of booths and tables. The kitchen area allows for an efficient work environment with the possibility of a grill/fry station, an expo station, and a dishwashing station, along with a large back prep area. Storage space includes a walk-in cooler/freezer and dry storage. According to the seller, updates include the flat roof in 2008 with a Fiber Tile system. In 2013, an 8.5-ton HVAC unit, a 17.5 Ton HVAC unit, and a 1.5 Ton HVAC unit were replaced. In 2025, the water softener and 2 tankless water heaters were replaced. The property is currently zoned as B4 Commercial, and other business types should consult with Stevens Point Planing and Zoning before purchase. The property size is 5520 square feet and the lot size is 1.14 acres.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $835.5K
    NOI $75,198 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.07M
    NOI $75,198 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.50M
    NOI $75,198 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $104.7k $18.96
    − Vacancy −$4.4k −$0.80
    EGI $100.3k $18.16
    − OpEx −$25.1k −$4.54
    NOI $75.2k $13.62
    5,520 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $1.07M
    $940.0K – $1.25M (±1% cap)
    NOI $75,198 @ 7.0% cap · market cap 5.78%
    Second Best
    Retail
    $786.6K
    $688.3K – $917.7K (±1% cap)
    NOI $55,062 @ 7.0% cap · market cap 4.24%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perkins Restaurant & Bakery Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • BroKogi Korean Fusion Restaurant Stevens Point — 108 Division St, Stevens Point, WI 54481

    Location Insight

    • Map
    • Local Demand
    City
    Stevens Point
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.574444
    Latitude
    44.537

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    FAQs

    What type of property is this?
    Restaurant - Prime location commercial building suitable for restaurant or retail.
    Where is this restaurant located?
    The property is located at 143 N DIVISION STREET Stevens Point, WI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime location with high visibility, near the University of Wisconsin‑Stevens Point, hotels, and I‑39.; **Equipped as a restaurant with a large, efficient kitchen** including grill/fry, expo, and dishwashing stations, plus a large prep area.; Substantial storage space with a walk‑in cooler/freezer and ample dry storage.
    (715) 598-6367
    We can help!
    Listing Contact
    TEAM KITOWSKI
    Real Estate License ID: 52728-90
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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