Mixed-Use Building with
For Sale
Contact for pricing
301 DeWitt Street, Portage, WI 53901
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 Market175
Property Features for 301 DeWitt Street
General Information
Standard status
Active
Size
7,166 SF
Total Parking Spaces
10
Property subtype
Hospitality, Mixed Use
Zoning
Commercial
Occupancy
100%
Investment Type
Stabilized
Additional Details
Multifamily Units
3
Building Details
Year Built
1873
Stories
2
Tenancy
Multi
Listing Agency:
First Weber Inc
Listed By:
Dixon Scheibach Team
(608) 683-9109
Source:
Crexi
Added: May 1
Changed: Oct 8
Last Checked: Oct 20 at 8:47PM
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 Inc
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,209
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,180
$1.1M
Cap Rate 7%
$817,271
$817.3K
Cap Rate 9%
$635,656
$635.7K
Market Conditions
NOI Build-Up for 7,166 SF
Gross rent
$110.1K $15.36/SF
− Vacancy
−$6.1K −$0.84/SF
EGI
$104.0K $14.52/SF
− OpEx
−$46.8K −$6.53/SF
NOI
$57.2K $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%
$1,144,180
Cap Rate 7%
$817,271
Cap Rate 9%
$635,656
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 authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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.
