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    220 Wisconsin St Portage, WI 53901

    For Sale
    $260,000

    Prime Portage location, high rental income, versatile space.

    Property size:
    3,656 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 3,656 square foot commercial building at 220 W Wisconsin Street in Portage, WI presents a remarkable investment opportunity. Situated on a 0.06-acre lot, the property boasts significant income potential from its three existing apartments, currently generating over $20,000 annually in rental income. The building's previous use as a bar offers a versatile canvas for a variety of future ventures, including retail, a hair salon, or office spaces. The substantial square footage allows for ample flexibility in adapting the space to meet diverse business needs. The building is equipped with a newer boiler providing radiant heat throughout. The roof is in good condition, with the rear section recently replaced. The seller has maintained ownership for 30 years, demonstrating long-term stability and care. While the current operating income excludes potential revenue from the retail space, this adds further upside to the investment. This property offers a unique blend of immediate rental income and significant future development potential, making it an attractive proposition for discerning investors. Note that all measurements should be independently verified.

    Property Features for 220 Wisconsin St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,656 SF
    Lot Size
    2,614 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    COLUMBIA
    State
    Wisconsin
    Longitude
    -89.46074
    Latitude
    43.53896

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Portage location, high rental income, versatile space.
    Where is this commercial real estate located?
    The property is located at 220 Wisconsin St Portage, WI.
    What is the asking price?
    The asking price for this property is $260,000.
    (608) 356-0120
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    220 Wisconsin St Portage, WI 53901
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    Portage, WI 53901
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    220 Wisconsin St Portage, WI 53901
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