Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

 Property Type Business/Commercial
 Parcel # 11271 1263
 County Columbia
 Sub Area B25
 Municipality Portage
 MLS# 1885677
 Listing Date 06/12/2020

MLS Public Remarks  Excellent income property for sale in Portage. Perfect location and the exposure is unbelievable. Over 12,000 cars drive by this building everyday. There are four rental units in the building. There are three upstairs apartments and one main level area currently being used as a popular restaurant. The building has never had any vacancies. This is a family owned building that has been very well maintained and updated over the years. The current owners purchased the building in 1998. They take pride in ownership. You will see when you walk through. Call today to set up a private showing with the owner. The annual rent for all four units is $48,000. This is an investors dream property.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Portage
  • C/T/V  City
  • Unit #  
  • Directions  From Highway 51, North On Dewitt To The Corner Of Dewitt And Cook. (highway 51 & 33)
  • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  4
  • Building Gross SqFt  11,454
  • Net Leasable SqFt  11,454
  • Year Built  1873
  • Source for Year Built  Slr
  • Approx Bldg Dimen  46x83
  • Street Frontage  130
  • Parking Fees/Mo.  $0
  • Onsite Parking  Street
  • # of Stories  2
  • Ceiling Height Min  14
  • Ceiling Height Max  14
  • Number of Loading Docks  0

  • Zoning  Commercial
  • Est. Total Acres  0.7
  • Source Of Est Acres  PubR
  • Lot Dimensions  3,049
  • Owner  
  • Tradename  The Corner Pocket Bar
  • ASSESSMENT & TAXES  
  • Land Assessment  $7,000
  • Assessment Year  2019
  • Net Taxes  $5,123
  • Tax Year  2019
  • Improvements  $190,300
  • Total Assessment  $197,300
  • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
  • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Yearly Yearly Yes $1,000 $0 $0 1,000
    2 Monthly Monthly Yes $750 $0 $0 800
    3 Yearly Yearly Yes $700 $0 $0 800
    Items Included The fourth rental unit is the restaurant area (3,818) The rent for the restaurant is $1,550 monthly. The owner has indicated that the unit is currently being under rented. Other buildings in Portage that are approximately the same size rent for 2-4 times the $1,550 number.
    Items Excluded  All personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Wall Furnace
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured concrete foundatn
  • Fuel  Natural gas
  • Seating Capacity  51-75 persons
  • EXTERIOR FEATURES  
  • Type   Apartment building, Restaurant/Supper Club
  • Exterior Treatment  
  • Building Parking  Onsite
  • Roofing  All flat, Metal, Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
  • OTHER FEATURES  
  • Documents on File  Fixtures & equipment, Inventory list, Lease(s), P & L statement, Property Condition Report
  • Location  Business district, Corner, Near Major Highway
  • Tenant Pays  N/A
  • Present Use  Apartment building, Restaurant/Supper Club
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  Renewal options
  • Occupied by  
  • Sale Includes  Business name, Customer list, Equipment, Furniture, Inventory, Lease(s), Signs
  • Features  Display window, Inside storage, Private Restrooms, Residential unit(s), Security lighting, Security system, Shared Restrooms, Signage available



  • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of High End Homes, Llc