Office-Warehouse Mixed-Use
For Sale
$425,000
2593 Hamstrom Rd, Portage, IN 46368
A commercial building and ranch home provide distinct business and residential components on one Portage property.
Property Size3,360 SF
Price / SF$126.49
Days on Market18
Property Features for 2593 Hamstrom Rd
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Commercial
Zoning
Commercial Mixed
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
1
Building Details
Year Built
1959
Buildings
2
Building Size
3,360 SF
Listing Agency:
The Chatwell Group Real Estate
Listed By:
Jason Chatwell · License #RB14045111
(219) 465-8819
Source:
Jason.northwestindianahomelistings
Added: Sep 18
Changed: Oct 5
Last Checked: Oct 4 at 10:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Chatwell Group Real Estate
Investment Insights
Based on property information with market context.
The property combines a 3,360-square-foot commercial building with a 988-square-foot ranch home at 2593 Hamstrom Rd in Portage. The commercial building has a reception area, six private offices, warehouse space, storage rooms, and attic storage. The warehouse features approximately 12-foot ceilings, an overhead garage door, and an oversized man door. The ranch home contains three bedrooms and one bathroom, while a parking lot serves the property.
Zoned Commercial Mixed, the property is across from two gas stations and near Founders Square. Its mix of office, warehouse, storage, and residential space brings several distinct components together at one address.
Zoned Commercial Mixed, the property is across from two gas stations and near Founders Square. Its mix of office, warehouse, storage, and residential space brings several distinct components together at one address.
Key Highlights
- 3,360‑square‑foot commercial building with six private offices and warehouse space
- 988‑square‑foot ranch home with 3 bedrooms and 1 bathroom
- Warehouse has approximately 12‑foot ceilings, an overhead garage door, and an oversized man door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,794
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,880
$615.9K
Cap Rate 7%
$439,914
$439.9K
Cap Rate 9%
$342,156
$342.2K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$52.4K $15.60/SF
− Vacancy
−$3.1K −$0.94/SF
EGI
$49.3K $14.66/SF
− OpEx
−$18.5K −$5.50/SF
NOI
$30.8K $9.17/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,880
Cap Rate 7%
$439,914
Cap Rate 9%
$342,156
Alternative Uses
Best Use
Mixed Use
$439.9K
$384.9K – $513.2K
NOI $30,794 @ 7.0% cap · market cap 7.25%
Second Best
Flex RnD
$285.2K
$249.6K – $332.8K
NOI $19,967 @ 7.0% cap · market cap 4.70%
Theoretical Best
Healthcare Medical
$1.27M
$1.11M – $1.49M
NOI $89,143 @ 7.0% cap · market cap 20.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 46368, IN
39,837
Population
16,870
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
1,575
Density / Sq Mi
$72,638
Median Household Income
$42,508
Median Earnings
$1,140
Median Rent
$213,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial building and ranch home provide distinct business and residential components on one Portage property.
Where is this mixed-use property located?
The property is located at 2593 Hamstrom Rd Portage, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,360‑square‑foot commercial building with six private offices and warehouse space; 988‑square‑foot ranch home with 3 bedrooms and 1 bathroom; Warehouse has approximately 12‑foot ceilings, an overhead garage door, and an oversized man door
