Assisted Living Facility with
2525 Hamilton Street, Portage, WI 53901
For Sale
Contact for pricing
The licensed operation includes 22 resident rooms, a commercial kitchen, dining space, and shared gathering areas.
Property Size16,953 SF
Lot Size2.91 Acres
Price / SF$176.96
Days on Market47
Property Features for 2525 Hamilton Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Business Included
Currently Operating
Amenities
secure controlled entrance
reception area
gathering rooms
dedicated staff area
public restrooms
beauty salon
full commercial kitchen
dining area
Building Details
Year Built
Buildings
Stories
Listing Agency:
The Property Advisor
Listed By:
Jerry Erdmann · License #WI 38211
(262) 569-5922
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 3:45PM
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 The Property Advisor
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Investment Insights
Based on property information with market context.
The sale combines the real estate and operating business of a single-story assisted living facility on 2.91 acres in Portage, Wisconsin. Constructed in 2014, the 16,953-square-foot building is licensed as a Community-Based Residential Facility. Its 22 resident rooms are supported by a controlled-access entrance, reception area, gathering rooms, staff area, public restrooms, beauty salon, commercial kitchen, and dining room. The facility is licensed for 29 beds, with 27 installed and 25 occupied. Staff are in place, and the current payer mix is approximately 60% private pay, with the remainder through contracted state managed-care programs.
The property includes undeveloped land identified for a potential memory care building with 20 to 24 resident rooms. Existing kitchen and dining capacity was designed to serve the additional volume, avoiding the need to duplicate those facilities for the proposed expansion.
The property includes undeveloped land identified for a potential memory care building with 20 to 24 resident rooms. Existing kitchen and dining capacity was designed to serve the additional volume, avoiding the need to duplicate those facilities for the proposed expansion.
Key Highlights
- 2.91‑acre assisted living property in Portage, Wisconsin
- 16,953‑square‑foot, single‑story building constructed in 2014
- Licensed CBRF with 29 beds; 27 beds in place and 25 occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,342
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,840
$2.7M
Cap Rate 7%
$1,933,457
$1.9M
Cap Rate 9%
$1,503,800
$1.5M
Market Conditions
NOI Build-Up for 16,953 SF
Gross rent
$260.4K $15.36/SF
− Vacancy
−$14.3K −$0.84/SF
EGI
$246.1K $14.52/SF
− OpEx
−$110.7K −$6.53/SF
NOI
$135.3K $7.98/SF
Area
Columbia County, WI
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,840
Cap Rate 7%
$1,933,457
Cap Rate 9%
$1,503,800
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.26M
NOI $135,342 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,607 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53901, WI
14,924
Population
6,550
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
91%
High-School Grad
147.3 sq mi
ZIP Area
101
Density / Sq Mi
$72,244
Median Household Income
$40,914
Median Earnings
$969
Median Rent
$214,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - The licensed operation includes 22 resident rooms, a commercial kitchen, dining space, and shared gathering areas.
Where is this assisted living facility located?
The property is located at 2525 Hamilton Street Portage, WI.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 2.91‑acre assisted living property in Portage, Wisconsin; 16,953‑square‑foot, single‑story building constructed in 2014; Licensed CBRF with 29 beds; 27 beds in place and 25 occupied
