Flexible Commercial Space
244 West Edgewater Street Portage, WI 53901
244 West Edgewater Street, Portage, WI, 53901
$200,000
For Sale
$200,000
Affordable commercial building offering over 5,000 sq ft suited for retail, office, warehouse, or industrial use.
Property Size5,000 SF
Price / SF$40
Days on Market338
Property Features for 244 West Edgewater Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Business/Comm / Apartment building
Building Details
- Year Built
- 999
Listing agency
Weichert, Realtors - Great Day
(608) 393-9372
Listed by
Mike Weyh · License #47937-94
(608) 393-9372
Source
Compass
Added: Aug 18, 2025 Updated: Jul 21 at 5:35AM Checked: Jul 21 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert, Realtors - Great Day
Investment Insights
Based on property information with market context.
This for-sale commercial property provides over 5,000 sq ft of space positioned as flexible for multiple operating models, including retail, office, warehouse, or industrial uses.
The offering is marketed as Affordable Commercial space, with a substantial area intended to accommodate a variety of commercial requirements.
While specific interior configurations and site details are not provided, the building’s size supports the potential for tenants or buyers seeking a larger footprint that can be adapted to different commercial functions.
The offering is marketed as Affordable Commercial space, with a substantial area intended to accommodate a variety of commercial requirements.
While specific interior configurations and site details are not provided, the building’s size supports the potential for tenants or buyers seeking a larger footprint that can be adapted to different commercial functions.
Key Highlights
- Over 5,000 sq ft affordable commercial space suited for retail, office, warehouse, or industrial uses
- Brick and steel exterior
- Full basement with walkout/outside entrance and poured concrete foundation
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $4.08 |
| − Vacancy | −$367 | −$0.07 |
| EGI | $20.0k | $4.01 |
| − OpEx | −$7.0k | −$1.40 |
| NOI | $13.0k | $2.60 |
5,000 SF · lease $4.08/SF/yr · vacancy 1.80% · expense 35.00%
Alternative Uses
Best Use
Retail
$730.2K
$638.9K – $851.9K
NOI $51,112 @ 7.0% cap · market cap 25.56%
Second Best
Warehouse
$573.8K
$502.1K – $669.5K
NOI $40,168 @ 7.0% cap · market cap 20.08%
Theoretical Best
Office A
$1.12M
$982.9K – $1.31M
NOI $78,631 @ 7.0% cap · market cap 39.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Gourmet Shroomery
Food Processing Plant
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Affordable commercial building offering over 5,000 sq ft suited for retail, office, warehouse, or industrial use.
Where is this flex space located?
The property is located at 244 West Edgewater Street Portage, WI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Over 5,000 sq ft affordable commercial space suited for retail, office, warehouse, or industrial uses; Brick and steel exterior; Full basement with walkout/outside entrance and poured concrete foundation
