Portage, WI Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Portage, Wisconsin Market population: 49K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Portage MI Properties: 1.6000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Portage MI
Common questions from investors exploring commercial real estate in Portage MI.
What is the overall investment potential of Portage, MI, considering its demographic and economic factors?
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The 6.4% poverty rate and $63,419 median household income in Portage, MI, indicate a relatively stable market, while the top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing suggest a diverse economy. With a high health insurance coverage rate of 96.2% and a short average commute time of 20.4 minutes, the quality of life for residents is high, making it an attractive location for investors. The city's ethnic diversity, with 88.1% White, 4.5% Black or African American, and 3.8% Asian populations, also contributes to its appeal.
How does the housing market in Portage, MI, look for real estate investors, given its current trends and statistics?
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The housing market in Portage, MI, appears promising, with a median property value of $173,400 and a homeownership rate of 74.2%, indicating a strong demand for housing. The median property taxes of $2,845 and the average commute time of 20.4 minutes also suggest a relatively affordable and convenient location. Additionally, the city's employed population of 24,449 and top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing contribute to a stable tenant base.
What are the key factors that contribute to the stability of the rental market in Portage, MI, for investors?
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The stability of the rental market in Portage, MI, can be attributed to several factors, including the low poverty rate of 6.4%, high health insurance coverage rate of 96.2%, and short average commute time of 20.4 minutes. The city's diverse economy, with top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing, also contributes to a stable tenant base. Furthermore, the median household income of $63,419 and the relatively low GINI coefficient of 0.443 suggest a relatively equal distribution of income, which can lead to a more stable rental market.
How does the ethnic diversity of Portage, MI, impact the demand for housing and the overall investment potential of the city?
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The ethnic diversity of Portage, MI, with 88.1% White, 4.5% Black or African American, and 3.8% Asian populations, contributes to a culturally rich and vibrant community, which can attract a wide range of residents and businesses. This diversity, combined with the city's strong economy and high quality of life, can lead to a high demand for housing, making it an attractive location for real estate investors. The foreign-born rate of 5.3% also suggests a potential for international investment and cultural exchange.
What are the implications of the commute patterns and health insurance coverage on the quality of life and investment potential of Portage, MI?
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The short average commute time of 20.4 minutes and the high health insurance coverage rate of 96.2% in Portage, MI, indicate a high quality of life for residents, making it an attractive location for investors. The top commute methods, including driving alone, carpooling, and working from home, also suggest a flexible and convenient transportation system. Additionally, the low percentage of residents without health insurance, at 3.8%, contributes to a stable and healthy population, which can lead to a more stable and attractive investment environment.
Portage MI Real Estate & City Facts
Key facts and real estate information about Portage MI.
What are some of the best neighborhoods to live in Portage?
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Some of the best neighborhoods to live in Portage, MI, include Coachlite & Wood Glen Estates, Lexington Green, Holiday Village, Woodbridge Hills, Austin Lake, Portage Creek, Amberly, Westnedge Hill, South Westnedge, Ramona Park, and Oakland Hills Community. Each neighborhood has its own unique character and amenities, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Portage?
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There are plenty of fun things to do in Portage, MI, including visiting The Ice Rink at Millennium Park, Air Zoo, Celebration Cinema, Crossroads Mall, Romona Park, and Long Lake. You can also explore the Air Zoo Aerospace & Science Center, which features interactive exhibits, historic aircraft, and thrilling experiences. Additionally, the city has several parks and outdoor spaces, perfect for picnics, walks, or other activities.
What is the food scene like in Portage?
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The food scene in Portage, MI, is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include Latitude 42 Brewing Co., Fieldstone Grill, Erbelli's Gourmet Pizza, Italian Bistro, Bab El Salam, Café 36, Cravings Deli, Black Rock, Red Lobster, Brick and Brine, Burdick's, Comensoli's Italian Bistro, and Dabney & Co. There are also plenty of great food trucks and local eateries to try, so you're sure to find something that suits your taste and budget.
What are the pros and cons of living in Portage?
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Living in Portage, MI, has its pros and cons. On the plus side, the city has a strong sense of community, with plenty of family-friendly activities and events throughout the year. The cost of living is relatively low, and there are many affordable housing options available. However, some residents may find the city's limited job opportunities and lack of public transportation to be drawbacks. Additionally, the city's weather can be quite cold and snowy during the winter months, which may not be ideal for everyone.
Is Portage a good place to live?
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Overall, Portage, MI, is a great place to live, with a lot to offer residents. The city's strong sense of community, affordable housing, and family-friendly activities make it an attractive option for families and individuals alike. While there may be some drawbacks, such as limited job opportunities and cold winters, the city's pros outweigh its cons. If you're looking for a welcoming and affordable place to call home, Portage is definitely worth considering.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Portage MI Commercial Property: $63,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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