Multi-Tenant Flex
5830 Us Highway 6, Portage, IN 46368
For Sale
$670,000
Commercial Sale, Portage, IN
Property Size10,358 SF
Lot Size0.60 Acres
Price / SF$64.68
Days on Market89
Property Features for 5830 Us Highway 6
General Information
Property type
Property subtype
Parking
Parking features
Security features
Interior features
Lot features
View
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Listing Agency:
McColly Real Estate
(219) 762-8578
Listed By:
Judith Posiadlik
(219) 921-6316
Added: Aug 14
Changed: Oct 19
Last Checked: Nov 10 at 11:06AM
MLS# 843862
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.
Built in 1984, this 10,358-square-foot flex building contains four multi-tenant units across main- and upper-level areas. Unit 1 offers 3,000 square feet with updated siding, windows, and lighting, along with office space and public and private bathrooms. Unit 2 includes 1,200 square feet, newer windows, two storage closets, updated electrical, and coded access. Unit 3 provides 3,000 square feet with an 8-foot bay overhead door and a back staircase leading to a service door. Unit 4 contains 1,500 square feet, a 10-foot bay overhead door, a side service door, and plumbing for a bathroom.
Shared space between Units 1 and 4 includes an L-shaped storage area, unfinished office space, one two-compartment sink, and one three-compartment sink. A forklift remains with the sale. The property occupies 0.6 acres at 5830 US Highway 6 in Portage, with alley and on-street parking, public water, public sewer, and natural gas heat.
Shared space between Units 1 and 4 includes an L-shaped storage area, unfinished office space, one two-compartment sink, and one three-compartment sink. A forklift remains with the sale. The property occupies 0.6 acres at 5830 US Highway 6 in Portage, with alley and on-street parking, public water, public sewer, and natural gas heat.
Key Highlights
- 10,358‑square‑foot flex building on 0.6 acres
- Four multi‑tenant units with main- and upper‑level space
- Unit 3 includes a 3,000‑square‑foot upper level and 8‑foot bay overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,552
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,040
$1.2M
Cap Rate 7%
$879,314
$879.3K
Cap Rate 9%
$683,911
$683.9K
Market Conditions
NOI Build-Up for 10,358 SF
Gross rent
$103.2K $9.96/SF
− Vacancy
−$8.5K −$0.82/SF
EGI
$94.7K $9.14/SF
− OpEx
−$33.1K −$3.20/SF
NOI
$61.6K $5.94/SF
Area
Porter County, IN
Vacancy
8.21%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,040
Cap Rate 7%
$879,314
Cap Rate 9%
$683,911
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.07M
NOI $124,433 @ 7.0% cap · market cap 18.57%
Second Best
Flex RnD
$879.3K
$769.4K – $1.03M
NOI $61,552 @ 7.0% cap · market cap 9.19%
Theoretical Best
Healthcare Medical
$3.93M
$3.44M – $4.58M
NOI $274,804 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Under-served
Demand for This Use
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Four-unit flex building with office areas, storage, overhead doors, and shared utility space.
Where is this flex space located?
The property is located at 5830 Us Highway 6 Portage, IN.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 10,358‑square‑foot flex building on 0.6 acres; Four multi‑tenant units with main- and upper‑level space; Unit 3 includes a 3,000‑square‑foot upper level and 8‑foot bay overhead door
