Office Building with
For Sale
$850,000
3060 Willowcreek Rd, Portage, IN 46368
C1-zoned office property with flexible access, dedicated parking, and a partially finished basement.
Property Size3,290 SF
Price / SF$258.36
Days on Market90
Property Features for 3060 Willowcreek Rd
General Information
Standard status
Active
Size
3,290 SF
Total Parking Spaces
12
Property subtype
Commercial
Zoning
C1
Additional Details
Road Access
Yes
Amenities
waiting room/lobby
conference room
lunch room
kitchenette
handicapped accessible bathroom
front covered porch
back porch
natural gas grill
private wooded backyard
public walking trail
storage shed
bricked and lighted display
handicap ramp
Building Details
Year Built
1957
Buildings
1
Construction
brick
Listing Agency:
Envision Real Estate Services,
Listed By:
Saba Mohammed
(219) 588-5092
Source:
Jason.northwestindianahomelistings
Added: Jul 20
Changed: Oct 1
Last Checked: Oct 16 at 9:16AM
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 Envision Real Estate Services,
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Investment Insights
Based on property information with market context.
This brick office building is configured for professional operations across the main level, with a welcoming entry, lobby, conference room, lunch room, kitchenette with sink and cabinetry, five offices, and a handicap-accessible bathroom. The office area includes a separate entrance and covered front porch, while the garage can be reached from inside the building or through its overhead door. A full and partially finished basement provides additional area, with interior and exterior access.
The property includes 270 feet of frontage, a lighted brick display feature for business advertising, and a 12-space parking lot with 2 designated handicapped spaces beside a ramp with railing. A rear porch with an attached natural gas grill opens to a private wooded backyard that abuts a public walking trail. Additional site features include a storage shed and C1 zoning.
The property includes 270 feet of frontage, a lighted brick display feature for business advertising, and a 12-space parking lot with 2 designated handicapped spaces beside a ramp with railing. A rear porch with an attached natural gas grill opens to a private wooded backyard that abuts a public walking trail. Additional site features include a storage shed and C1 zoning.
Key Highlights
- 270 feet of frontage on Willow Creek Road
- C1 zoning
- 12‑space parking lot, 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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Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - C1-zoned office property with flexible access, dedicated parking, and a partially finished basement.
Where is this office building located?
The property is located at 3060 Willowcreek Rd 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: 270 feet of frontage on Willow Creek Road; C1 zoning; 12‑space parking lot, including 2 designated handicapped spaces
