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    5540 Us Highway 6 Portage, IN 46368

    For Sale
    $797,000

    Prime Hwy 6 location, 9.9 acres, high traffic.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 9.93-acre commercial property presents a remarkable retail or development opportunity in Portage, Indiana. Boasting an impressive 340 feet of frontage on US Highway 6, this location benefits from a substantial daily traffic count of 18,305 vehicles. The property includes a 4,080 square foot commercial building, strategically situated across two parcels. Recent improvements have been completed in phases one and two, culminating in city sewer connection in 2024. The existing building offers versatile space, including 1,085 square feet of retail/showroom area, a 302 square foot office, and a 166 square foot break room. A significant asset is the inclusion of a 2,142 square foot heated shop/warehouse, constructed by FBI, featuring a 16-foot clear ceiling height, concrete flooring, and two overhead doors. This substantial space is ideal for various commercial uses. Two convenient road cuts provide direct access to US Highway 6, ensuring excellent visibility and accessibility for customers and employees. The property's size and location make it an ideal candidate for expansion or redevelopment, presenting significant potential for future growth and profitability. This is a rare opportunity to acquire a high-traffic, well-located commercial property with existing infrastructure and significant development potential.

    Property Features for 5540 Us Highway 6

    General Information

    Property type
    Retail properties
    Lot Size
    431,244 SF

    Building Details

    Year Built
    1958
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.20074
    Latitude
    41.55114

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    FAQs

    What type of property is this?
    Retail property - Prime Hwy 6 location, 9.9 acres, high traffic.
    Where is this retail property located?
    The property is located at 5540 Us Highway 6 Portage, IN.
    What is the asking price?
    The asking price for this property is $797,000.
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    5540 Us Highway 6 Portage, IN 46368
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    Portage, IN 46368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5540 Us Highway 6 Portage, IN 46368
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