MLS Public Remarks Income based on Rentals only. Excellent investment opportunity. Keep it as Bar, (closed since 11/2019) Put in a retail shop, Hair salon. It has plenty of sq. footage for office spaces. Restaurant? Opportunities are endless. While you are taking your time for that perfect idea, collect over Twenty Thousand Dollars per year in rent from the 3 apartments. With a nice down payment with today's mortgage rates your payments could be less than the income from the apartments alone. The entire building is heated by radiant heat. Boiler is newer. The roof in the back is newer and the front is still in good condition. Seller's have owned property for 30 years. Measurements should be verified if important to buyer. Operating income does not include potential income from the retail space.
| * 1 Documents Not Available via MLS |
Location City
Other Marketing Area
Mailing City Portage
C/T/V City
Unit #
Directions Downtown Portage... From Hwy 33 Take Hwy 16 South (wisconsin St) Property On Right.
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 4
Building Gross SqFt 3,656
Net Leasable SqFt 0
Year Built 999
Source for Year Built Othr
Approx Bldg Dimen 22x112
Street Frontage 54
Parking Fees/Mo. $0
Onsite Parking 0
# of Stories 2
Ceiling Height Min 7
Ceiling Height Max 12
Number of Loading Docks 0
Zoning B2
Est. Total Acres 0.06
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename
Land Assessment $5,900
Assessment Year 2020
Net Taxes $2,347
Tax Year 2020
Improvements $88,400
Total Assessment $94,300
Income/Expenses Year $0
Gross Operating Income $21,900
Annual Operating Exp $4,300
Net Operating Income $17,600
| Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
| 1 |
annual |
0 |
Yes |
$5,700 |
$0 |
$0 |
500 |
| 2 |
1 yr |
0 |
Yes |
$7,800 |
$0 |
$0 |
575 |
| 3 |
annual |
0 |
Yes |
$8,400 |
$0 |
$0 |
700 |
Items Included Each rental unit includes a range/oven and a refrigerator. Bar has some items that may be included with an offer.
Items Excluded Sellers, tenants personal property
Heating/Cooling Central air, Radiant, Wall AC
Water/Waste Municipal sewer, Municipal water
Basement
Fuel Natural gas
Seating Capacity 51-75 persons
Type Apartment building, Office, Retail, Tavern
Exterior Treatment Brick
Building Parking Offsite
Roofing All flat, Rubber/membrane
Terms/Option Seller may assist
Miscellaneous Internet - Cable
Documents on File
Location Business district, Near Major Highway
Tenant Pays No expenses
Present Use Apartment building
Licenses None
Lease Type Month to month
Occupied by Tenant(s)
Sale Includes Options
Features Alley, Private Restrooms, Residential unit(s), Security system
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Weichert, Realtors - Great Day Group
