Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305 De Witt St Portage, WI 53901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Historic building, 5,928 sq ft, vacant.

    Property size:
    5,928 SF

    Property Features for 305 De Witt St

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    5,928 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1891
    Buildings
    1
    Stories
    3
    Units
    1

    We can help!

    Listing Contact
    Frank Pohlkamp
    Frank Pohlkamp

    Listing Agency: Assist 2 Sell Homes 4 You Realty Listing Agent: Frank Pohlkamp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional three-story commercial building, situated at 305 DeWitt Street in Portage, Wisconsin, presents a unique investment opportunity. Built in 1891, this 5,928 square foot property sits on a 0.44-acre lot (APN 112711264) and boasts a prime downtown location, previously included in the city's historic walking tour. The building features two prominent storefront windows offering excellent visibility and display space. A full basement provides ample storage. The current Commercial (COM) zoning offers flexibility for a variety of commercial uses. A rear alley entrance allows for convenient deliveries. The property is being sold "as-is," and while currently vacant, the upper floors may allow for residential conversion after necessary improvements. With its substantial size and historic charm, this building holds significant potential for the discerning buyer. The asking price is $237,900, translating to $40.13 per square foot. This is a single-unit property with one building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Good Times Used ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Columbia
    State
    Wisconsin
    Longitude
    -89.4595382
    Latitude
    43.5402126

    Nearby Similar for Sale

    • $516,000
      3,000 SF

      Versatile Commercial Building on Bus 51

      3000 sqft Portage building with high visibility and paved parking.
      2626 New Pinery Rd, Portage, WI 53901
      View Details
    • $899,000

      Restaurant, Bar, Event Space

      Fully operational restaurant, bar, and event space in Portage, WI.
      100 W Saddle Rdg, Portage, WI 53901
      View Details
    • $85,000

      Downtown Portage Commercial Property

      Versatile commercial property in downtown Portage, ready for new ideas.
      117 E Cook St, Portage, WI 53901
      View Details
    • $1,600,000

      Turnkey Golf Course and Restaurant

      Golf course and restaurant with multiple income streams and strong upside.
      100a W Saddle Rdg, Portage, WI 53901
      View Details
    • $225,000
      0.16 Acres

      Historic Brick Two-Flat in Portage

      Charming two-flat with updates and income potential in downtown Portage.
      208 W Pleasant St, Portage, WI 53901
      View Details
    • Contact for pricing
      7,800 SF

      Versatile Office Building For Sale

      3,900 SF per floor, suitable for various professional uses.
      115 E Conant St, Portage, WI 53901
      View Details
    • $524,000
      3,150 SF

      Portage Commercial Building - Prime Location

      Established Salon, High Visibility, Great Investment
      2626 New Pinery Rd, Portage, WI 53901
      View Details
    • $300,000
      8,556 SF

      Portage Commercial Building - Great Price!

      Versatile 8,556 sq ft commercial space. Ideal for multiple uses.
      221 Albert St, Portage, WI 53901
      View Details
    • $499,000

      Highway Interchange Commercial Property For Sale

      Commercial property on 4.09 acres with highway visibility.
      W10521 Tritz Rd, Portage, WI 53901
      View Details
    • $750,000
      8,800 SF

      515 Wisconsin St

      Automotive properties • 8,800 SF
      515 Wisconsin St, Portage, WI 53901
      View Details
    • $924,940
      6,000 SF

      Prime Portage Office Building

      1-Story, 6,000 SF Office Building, 100% Occupied
      260 Rdg Rd, Portage, WI 53901
      View Details
    • $80,000
      0.08 Acres

      Downtown Portage Commercial Building

      Prime Portage location, high visibility storefront.
      102 Cook St, Portage, WI 53901
      View Details

    FAQs

    What type of property is this?
    Retail property - Historic building, 5,928 sq ft, vacant.
    Where is this retail property located?
    The property is located at 305 De Witt St Portage, WI.
    What is the asking price?
    The asking price for this property is $237,900.
    What are key features of this property?
    This property features: $237,900 asking price for this vacant executive office building.; 5,928 square feet on a 0.44-acre lot in Portage, WI.; Located at 305 DeWitt St, Portage, WI 53901 (APN: 112711264).
    (608) 225-5954 Call to check price and availability
    Request Owner's contact information
    305 De Witt St Portage, WI 53901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    305 De Witt St
    Portage, WI 53901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    305 De Witt St Portage, WI 53901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Frank Pohlkamp
    Frank Pohlkamp
    Real Estate License ID: 36244-90 1253-10
    (608) 225-5954
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!