220 Wisconsin StPortage, WI 53901

Property Details for 220 Wisconsin St

Year built

1875

Lot size

0.06 AC

Property type

Commercial real estate

APN

11271-1183

APU

112711183

Description

This exceptional 3,656 square foot commercial building at 220 W Wisconsin Street in Portage, WI presents a remarkable investment opportunity. Situated on a 0.06-acre lot, the property boasts significant income potential from its three existing apartments, currently generating over $20,000 annually in rental income. The building's previous use as a bar offers a versatile canvas for a variety of future ventures, including retail, a hair salon, or office spaces. The substantial square footage allows for ample flexibility in adapting the space to meet diverse business needs. The building is equipped with a newer boiler providing radiant heat throughout. The roof is in good condition, with the rear section recently replaced. The seller has maintained ownership for 30 years, demonstrating long-term stability and care. While the current operating income excludes potential revenue from the retail space, this adds further upside to the investment. This property offers a unique blend of immediate rental income and significant future development potential, making it an attractive proposition for discerning investors. Note that all measurements should be independently verified.

• Alternative Use

  Use

  Valuation

  Residential

  $558,226

  Hospitality

  $511,332

  Educational

  $425,422

  Medical

  $440,053

  Retail

  $661,768

Location Insight

City

Portage

County

Columbia

State

Wisconsin

Latitude

43.5389

Longitude

-89.4608

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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