2875 Village Rd Portage, WI 53901

Property Details for 2875 Village Rd

Year built

2003

Lot size

1.15 lot acres

Property size

9,000 SF

Property type

Commercial real estate

Description

This exceptional 9,000 square foot commercial building, situated on a 1.15-acre lot at 2875 Village Road in Portage, WI, presents a compelling investment opportunity. Constructed in 2003, the property boasts a diverse tenant mix, anchored by a newly signed, 10-year lease with the Social Security Administration. This lease includes annual rent increases tied to the Consumer Price Index (CPI), mirroring the standard General Services Administration (GSA) structure, ensuring consistent revenue growth and protection against rising operating costs. The Social Security Administration's commitment is further solidified by a firm 5-year lease term. Adding to the stability, the Department of Workforce Development recently exercised a three-year lease renewal, extending their tenancy through December 31, 2025. Other tenants include Hearing Care Associates and Wilkinson Law. The building has recently undergone significant upgrades, including a new roof and air conditioning unit, as well as the installation of 3M solar film, significantly reducing future operating expenses and enhancing energy efficiency. Its prime location, conveniently situated off Interstate 39, provides exceptional visibility and accessibility. The property benefits from proximity to a variety of national and regional retailers, including Walmart, Kwik Trip, Festival Foods, Northridge Plaza, Goodwill, Tractor Supply, Pizza Ranch, Culver's, Madison Area Technical College – Portage campus, and Aspirus Divine Savior Hospital, ensuring high traffic and strong tenant demand. This investment offers a blend of secure, long-term income and significant upside potential. The asking price is $1,050,000.

Location Insight

City

Portage

County

COLUMBIA

State

Wisconsin

Longitude

-89.4718

Latitude

43.5676