Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6245 Us Highway 6 Portage, IN 46368

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    10,800 SF retail space in Portage, Indiana for lease.

    Property size:
    10,800 SF
    Lot size:
    1.25 Acres

    Property Features for 6245 Us Highway 6

    General Information

    Size
    10,800 SF
    Lot size
    1.25 Acres

    We can help!

    Listing Contact
    Brett Mcdermott
    Brett Mcdermott
    Source: Moodyscre

    Listing Agency: Latitude Commercial Listing Agent: Brett Mcdermott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space on US 6

    This is a 10,800 square foot retail space available for rent in Portage, Indiana. Constructed in 2015, the open-concept store is a free-standing, well-maintained all-brick building situated on 1.25 acres. The property is an outlot to a Planet Fitness anchored center. It features a drive-in door for product delivery and is located on US 6 in the heart of Portage retail, offering maximum exposure.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1737849
    Latitude
    41.5499626

    Nearby Similar for Lease

    • $2,500 /Mo

      Office and Warehouse Space Available

      Office and warehouse space for lease with highway access.
      5680 Central Ave, Portage, IN 46368
      View Details
    • $22,500
      18,000 SF

      Portage Commercial Buildings For Lease

      Two commercial buildings totaling 18,000 SF in Portage, Indiana.
      6610 Shepherd Dr, Portage, IN 46368
      View Details
    • Contact for pricing
      28,875 SF

      Retail Space in Portage Center

      Retail space available in Portage's sub-regional trade area.
      Us Highway 6, Portage, IN 46368
      View Details
    • Contact for pricing
      1,690 SF

      Retail/Office Space on US 6

      Class A retail and office spaces available for lease.
      6650-6656 Us Highway 6, Portage, IN 46368
      View Details
    • Contact for pricing

      Portage Warehouse Space Available

      88,500 sqft warehouse/industrial space for lease in Portage, Indiana.
      1680 Jensen Dr, Portage, IN 46368
      View Details
    • $11 SF/Yr

      Portage Commercial Space on Highway

      Conveniently located flex, industrial, and retail spaces available for lease.
      5347-5383 E Us Highway 6 U.S, Portage, IN 46368
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in Portage, Indiana

      Retail space available in a multi-use planned development.
      750 N 500 W, Portage, IN 46368
      View Details
    • $14 SF/Yr
      2,134 SF

      Compact Office Suite For Rent

      1,144 RSF office suite suitable for small teams.
      1605 Adler Cir, Portage, IN 46368
      View Details
    • Contact for pricing
      2,255 SF

      Retail Space Near Menards

      2,255 SF retail space for lease in Portage, Indiana.
      6200 Us Highway 6, Portage, IN 46368
      View Details
    • $15 SF/Yr
      15,930 SF

      Grand Pointe Plaza: Last Unit Available

      Portage, IN Retail Space - Prime Location
      6540 Us Highway 6, Portage, IN 46368
      View Details
    • $14 SF/Yr
      23,755 SF

      Halsted Building Office Suites

      Portage, IN Office Space Available
      1605 Adler Cir, Portage, IN 46368
      View Details
    • $22 SF/Yr
      126,777 SF

      Meadows Shopping Center Retail Space

      Portage, IN Power Center - Lease Available
      2563 Willowcreek Rd, Portage, IN 46368
      View Details

    FAQs

    What type of property is this?
    Retail space - 10,800 SF retail space in Portage, Indiana for lease.
    Where is this retail space located?
    The property is located at 6245 Us Highway 6 Portage, IN.
    What are key features of this property?
    This property features: - High-visibility location on US 6 in the heart of Portage retail.; - 10,800 SF open concept store on 1.25 acres.; - Outlot to a Planet Fitness anchored center.
    (219) 864-0200 Call to check price and availability
    Request Owner's contact information
    6245 Us Highway 6 Portage, IN 46368
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6245 Us Highway 6
    Portage, IN 46368
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6245 Us Highway 6 Portage, IN 46368
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brett Mcdermott
    Brett Mcdermott
    Real Estate License ID: RB14050416
    (219) 864-0200 (219) 545-4328 (209) 864-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!