Mixed-Use Building with
301 DeWitt Street Portage, WI 53901
301 DeWitt Street, Portage, WI, 53901
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For Sale
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Three rented upper apartments and a leased main-floor restaurant with 99-person capacity, supported by a newer metal roof.
Property Size7,166 SF
Price / SF$87.20
Days on Market83
Property Features for 301 DeWitt Street
General Information
- Standard status
- Active
- Size
- 7,166 SF
- Property subtype
- Hospitality, Mixed Use
Building Details
- Year Built
- 1873
Listing agency
First Weber Realtors
(608) 742-4897
Listed by
Marcus Mitchell · License #WI 94-56436
Source
Crexi
Added: May 1 Updated: Jul 22 at 8:55AM Checked: Jul 22 at 8:55AM
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 First Weber Realtors
Investment Insights
Based on property information with market context.
This mixed-use property includes three upper apartments and a main-floor restaurant space that is currently leased. The three apartments are all rented with no vacancy, and the units have been updated with quality labor and materials. Building improvements include a newer metal roof and two brand new rooftop AC units.
The main-floor restaurant is leased for $2,550 per month with 4.5 years remaining on the term. Restaurant capacity is stated as 99. Current reported total monthly income is $5,675, consisting of $3,125 from the apartments and $2,550 from the restaurant lease.
For sale at 301 DeWitt Street in Portage, WI, the property is positioned as a cash-flowing building with existing tenant occupancy and in-place operating space.
The main-floor restaurant is leased for $2,550 per month with 4.5 years remaining on the term. Restaurant capacity is stated as 99. Current reported total monthly income is $5,675, consisting of $3,125 from the apartments and $2,550 from the restaurant lease.
For sale at 301 DeWitt Street in Portage, WI, the property is positioned as a cash-flowing building with existing tenant occupancy and in-place operating space.
Key Highlights
- Three upper apartments are currently rented for $3,125/month (under market pricing) with no vacancy reported.
- Main‑floor retail/restaurant space is leased for $2,550/month with 4.5 years remaining.
- Restaurant has a listed capacity of 99.
Local Financial Insights For Apartment 5plus
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 | $110.1k | $15.36 |
| − Vacancy | −$6.1k | −$0.84 |
| EGI | $104.0k | $14.52 |
| − OpEx | −$46.8k | −$6.53 |
| NOI | $57.2k | $7.98 |
7,166 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,388 @ 7.0% cap · market cap 14.78%
Second Best
Mixed Use
$1.22M
$1.06M – $1.42M
NOI $85,132 @ 7.0% cap · market cap 13.62%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,694 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Corner Pocket
Bar & Pub
1873 Grille
Restaurant
1873
Restaurant
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FAQs
What type of property is this?
Triplex - Three rented upper apartments and a leased main-floor restaurant with 99-person capacity, supported by a newer metal roof.
Where is this triplex located?
The property is located at 301 DeWitt Street Portage, WI.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Three upper apartments are currently rented for $3,125/month (under market pricing) with no vacancy reported.; Main‑floor retail/restaurant space is leased for $2,550/month with 4.5 years remaining.; Restaurant has a listed capacity of 99.
