Brick Office Building with
3060 Willowcreek Road, Portage, IN 46368
For Sale
$850,000
Commercial Sale, Portage, IN
Property Size3,290 SF
Lot Size1.13 Acres
Price / SF$258.36
Days on Market78
Property Features for 3060 Willowcreek Road
General Information
Property type
Property subtype
Zoning description
Rooms
Parking
Parking features
Interior features
Exterior features
Basement
Accessibility
Subdivision
Lot features
View
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
conference room
lunch room
kitchenette
garage
covered porch
backyard
public walking trail
storage shed
bricked and lighted display
Building Details
Year built
Additional Structures
Buildings
Listing Agency:
Envision Real Estate Services,
(219) 973-2004
Listed By:
Saba Mohammed
(219) 588-5092
Added: Aug 25
Changed: Oct 26
Last Checked: Nov 10 at 11:06AM
MLS# 844291
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,290-square-foot office building, constructed in 1957, provides a main-level reception area, waiting room, conference room, lunch room, kitchenette with sink and cabinetry, five offices, and a handicapped-accessible bathroom. The office area has both a primary entrance and a separate entry serving the five offices. A garage connects to the main level and includes an overhead door, while the full basement is partially finished and accessible from inside and outside.
The property includes 1.13 acres and 270 feet of frontage on Willow Creek Road, with C1 zoning. Its site includes 12 parking spaces, including 2 designated handicapped spaces, an accessible ramp with railing, a covered front porch, rear porch with an attached natural gas grill, storage shed, and private wooded yard adjoining a public walking trail. Public water and public sewer serve the property, and a brick, lighted display is positioned along the frontage for business signage.
The property includes 1.13 acres and 270 feet of frontage on Willow Creek Road, with C1 zoning. Its site includes 12 parking spaces, including 2 designated handicapped spaces, an accessible ramp with railing, a covered front porch, rear porch with an attached natural gas grill, storage shed, and private wooded yard adjoining a public walking trail. Public water and public sewer serve the property, and a brick, lighted display is positioned along the frontage for business signage.
Key Highlights
- 3,290‑square‑foot office building on 1.13 acres
- C1 zoning with 270' of frontage on Willow Creek Road
- 12 slot parking spaces, including 2 designated handicapped spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,523
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,460
$790.5K
Cap Rate 7%
$564,614
$564.6K
Cap Rate 9%
$439,144
$439.1K
Market Conditions
NOI Build-Up for 3,290 SF
Gross rent
$56.1K $17.04/SF
− Vacancy
−$3.4K −$1.02/SF
EGI
$52.7K $16.02/SF
− OpEx
−$13.2K −$4.00/SF
NOI
$39.5K $12.01/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,460
Cap Rate 7%
$564,614
Cap Rate 9%
$439,144
Alternative Uses
Best Use
Office B
$564.6K
$494.0K – $658.7K
NOI $39,523 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.25M
$1.09M – $1.45M
NOI $87,286 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
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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
$213,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Porter County, IN
Properties on Market for Office buildings in Porter County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office property with flexible suites, accessible entry, on-site parking, and a wooded private yard adjoining a public walking trail.
Where is this office building located?
The property is located at 3060 Willowcreek Road Portage, IN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,290‑square‑foot office building on 1.13 acres; C1 zoning with 270' of frontage on Willow Creek Road; 12 slot parking spaces, including 2 designated handicapped spaces
