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Rachel Bennett

Beiser Realty, LLC

rachel.bennett@beiserrealty.com +1(715) 281-1118

$ 1,395,000

Est. payment | -/mo

20 Beds

6 Baths

7,500 SqFt

Save

$ 1,395,000

Est. payment | -/mo

Save

20 Beds

6 Baths

7,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $186

MLS Listing ID 22605417

Style 2 Story

Bedrooms 20

Year Built 1890

Annual Tax Amount $21,102

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Other

Property Description

Incredible opportunity to own a piece of history in Downtown Stevens Point. This mixed-use investment property boasts timeless character, modern functionality, and phenomenal rental history. The property features three main floor commercial suites along Main St and five residential second-floor units. With staple businesses consisting of Polito's Pizza, Icon Entertainment Venue, and Agora Makers Market step into ownership knowing commercial tenancy will remain a constant. The residential units offer between four and six bedrooms and have all been updated in the last few years with fresh finishes, appliances, and a shared laundry room. The commercial suites have access to the basement of the building for additional storage and use. With rents totaling $164,347 and expenses around than 15% the DSCR is approximately 1.4 and the Cap Rate is 10.0. Call today to request additional information and add this property to your investment property to your portfolio!

Location

State WI

County Portage County

Area Stevens Point

Zoning Commercial

Rooms

Basement Block, Partially Finished

Interior

Interior Features Vaulted Ceiling, Smoke Detector

Hot Water Natural Gas

Heating Forced Air, Baseboard, Hot Water/Steam

Appliance Refrigerator, Range, Washer, Dryer

Laundry Available On Site, Coin-Op Dryer, Coin-Op Washer, Common Laundry Area

Exterior

Roof Type Flat

Building

Lot Description This information is compiled from miscellaneous sources and is believed accurate but not warranted. Neither the listing broker nor its agents, subagents or property owner are responsible for the accuracy of the information. Buyers are advised to verify all information.

Sewer Pb Sewer/Pb Water

Water Meter (s)

Others

Tax ID 281-24-083220158

Energy Description Natural Gas

Listed by FIRST WEBER

956-964 MAIN STREET Stevens Point, WI 54481