Redeveloped Medical Office
For Sale
Contact for pricing
6150 Central Ave, Portage, IN 46368
2020 redevelopment for Northwest Medical Group, with a 10-year lease commitment through October 2030.
Property SizeContact for details
Days on Market123
Property Features for 6150 Central Ave
General Information
Standard status
Active
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2020
Listing Agency:
Greenstone Partners
(312) 234-0371
Listed By:
Jason St. John · License #IL 475142612
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:42PM
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 Greenstone Partners
Investment Insights
Based on property information with market context.
This medical office building was completely re-developed to Northwest Medical Group’s specifications in 2020. The tenant has committed to a 10-year lease through October 2030, along with three, five-year options. Ownership is structured for secure going-in cash flow with rental escalations of 2% per annum.
Northwest Medical Group is a wholly owned subsidiary of Community Health Systems (NYSE: CYH). Northwest Medical Group and Northwest Health support a regional network that includes three hospitals and more than 30 physician office locations across Northwest Indiana, with multiple urgent care, emergency, outpatient surgery, occupational medicine, and inpatient rehabilitation services. The property is positioned on Central Avenue, just east of Willowcreek Road, approximately 0.7 miles south of Interstate 80/90 and 2.2 miles north of U.S. Route 6, and about 4 miles south of the South Shore Line commuter rail. Nearby retail includes Walgreens, Family Dollar, and Strack & Van Til.
Northwest Medical Group is a wholly owned subsidiary of Community Health Systems (NYSE: CYH). Northwest Medical Group and Northwest Health support a regional network that includes three hospitals and more than 30 physician office locations across Northwest Indiana, with multiple urgent care, emergency, outpatient surgery, occupational medicine, and inpatient rehabilitation services. The property is positioned on Central Avenue, just east of Willowcreek Road, approximately 0.7 miles south of Interstate 80/90 and 2.2 miles north of U.S. Route 6, and about 4 miles south of the South Shore Line commuter rail. Nearby retail includes Walgreens, Family Dollar, and Strack & Van Til.
Key Highlights
- Completely redeveloped in 2020 for Northwest Medical Group’s specifications
- 10‑year lease commitment through October 2030 with three, five‑year options
- 2% per annum rental escalations and secure going‑in cashflow benefits to ownership
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - 2020 redevelopment for Northwest Medical Group, with a 10-year lease commitment through October 2030.
Where is this medical office space located?
The property is located at 6150 Central Ave Portage, IN.
What are key features of this property?
This property features: Completely redeveloped in 2020 for Northwest Medical Group’s specifications; 10‑year lease commitment through October 2030 with three, five‑year options; 2% per annum rental escalations and secure going‑in cashflow benefits to ownership
