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    1370 Nealon Dr Portage, IN 46368

    Sponsored
    For Sale
    $300,000

    Versatile industrial property near I-94, ideal for business or investment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 0.35-acre property at 1370 Nealon Drive, Portage, Indiana, presents a unique opportunity for diverse uses. Strategically located near the intersection of I-94 and State Road 249, it offers unparalleled access to multiple marinas and Lake Michigan, making it perfect for marine-related businesses or individuals seeking convenient lake access. The property features two spacious units, each equipped with a private office and bathroom, providing flexibility for various needs. Both units are designed for maximum convenience and efficiency. The entire property is completely fenced, ensuring security and peace of mind. Oversized overhead doors allow for easy access and storage of boats, RVs, or other large equipment. The property's zoning allows for a range of commercial and industrial uses. The dual-unit setup offers the potential for owner-occupancy with rental income from the second unit, maximizing return on investment. This prime location, combined with its versatile features, makes this property an attractive option for both business owners and investors seeking a high-return asset in a desirable area. The proximity to major transportation routes and recreational waterways adds significant value and appeal. Priced at $300,000, this property represents a compelling investment opportunity in a thriving market.

    Property Features for 1370 Nealon Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Wholesale Shop Clothing Store Gym & Fitness Auto Parts Store Kitchen & Bath Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.17283
    Latitude
    41.61078

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile industrial property near I-94, ideal for business or investment.
    Where is this commercial real estate located?
    The property is located at 1370 Nealon Dr Portage, IN.
    What is the asking price?
    The asking price for this property is $300,000.
    Request Owner's contact information
    1370 Nealon Dr 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
    1370 Nealon Dr Portage, IN 46368
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