Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    260 Hupp Rd La Porte, IN 46350

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12.4 Acres, M2 Zoning, Kingsbury Industrial Park

    Property Features for 260 Hupp Rd

    General Information

    Property type
    Land
    Lot Size
    540,144 SF

    We can help!

    Listing Contact
    Sherry Ritter-Banic
    Sherry Ritter-Banic

    Listing Agency: Banic Real Estate & Appraisal Services Listing Agent: Sherry Ritter-Banic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 12.4-acre commercial and industrial land parcel is ideally situated within the Kingsbury Industrial Park in La Porte, Indiana, and zoned M2-Heavy Industrial. Boasting unparalleled potential, this site offers easy access to major thoroughfares, placing businesses within an hour of Chicago and providing convenient access to Midwest markets. The property benefits from high traffic counts exceeding 7,000 vehicles daily on Highways 6 and 35, and is conveniently located near a new CN Railroad spur, ensuring efficient transportation options via CN, CSX, and JBC railroads servicing the park. The Kingsbury Industrial Park itself encompasses over 20 square miles and 8,000 acres, home to a diverse range of established industrial businesses. This site presents a unique opportunity for various uses, including heavy industrial facilities, warehouses, distribution centers, or other commercial ventures. Previously a county park, the land features two existing pavilions and two temporary lined ponds, easily removable to suit development needs. Municipal water and sewer services are readily available. The official address is at the corner of Hupp Rd and Pin Oak Drive, though the listed address is not official. APN is 461506176003000066. Asking price is $620,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Dental Office Big Box & Wholesale Store Nail Salon Storage Facility Garden Center Wine and Liquor Store Plumbing Service Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.68897959345
    Latitude
    41.517584888909

    Nearby Similar for Sale

    • $145,000
      1,330 SF

      Versatile Commercial Space on Indiana

      Adaptable commercial property on a high-traffic street.
      1025 Indiana Ave, La Porte, IN 46350
      View Details
    • $298,000
      3,643 SF

      La Porte Commercial Opportunity

      Versatile commercial property in downtown La Porte, Indiana.
      107 Lincolnway, La Porte, IN 46350
      View Details
    • New
      $199,000
      2,329 SF

      LaPorte Fourplex with Rental Upside

      Well-maintained fourplex in LaPorte with income potential.
      508 Jefferson Ave, La Porte, IN 46350
      View Details
    • New
      $175,000
      2,519 SF

      LaPorte Triplex: Income Potential

      Income-producing triplex in LaPorte with immediate cash flow potential.
      307 State St, La Porte, IN 46350
      View Details
    • New
      $205,000
      3,240 SF

      LaPorte Fourplex Investment Opportunity

      Fully occupied four-unit property in LaPorte with immediate cash flow.
      101 Bond St, La Porte, IN 46350
      View Details
    • $2,999,000
      14,015 SF

      Drive-Thru Restaurant For Sale

      15-year absolute net lease, new construction, near major highway.
      150 Pine Lake Ave, La Porte, IN 46350
      View Details
    • $725,000

      Historic Downtown Multi-Tenant Building

      Multi-tenant building in LaPorte's historic downtown with development potential.
      La Porte, IN 46350
      View Details
    • $999,000

      La Porte Office Building Opportunity

      Three-story office building in La Porte's Downtown Business District.
      Lincolnway 901, La Porte, IN
      View Details
    • $1,500,000

      Former Northwest Health Occupational Building

      13,049 SF building suitable for various uses.
      311 Boyd Blvd, La Porte, IN 46350
      View Details
    • $9,539,000
      260,480 SF

      Well-Kept Manufacturing Building For Sale

      Clean manufacturing building with high ceilings and ample parking.
      229 Factory St, La Porte, IN 46350
      View Details
    • Contact for pricing
      3,726 SF

      La Porte Medical Investment Property

      New construction medical property with long-term lease and escalations.
      1320 W State Road 2, La Porte, IN 46350
      View Details
    • Contact for pricing
      3,991 SF

      New 7-Eleven NNN Investment

      New construction 7-Eleven with long-term NNN lease.
      201 Pine Lake Ave, La Porte, IN 46350
      View Details

    FAQs

    What type of property is this?
    Land - 12.4 Acres, M2 Zoning, Kingsbury Industrial Park
    Where is this land located?
    The property is located at 260 Hupp Rd La Porte, IN.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: $620,000 asking price.; 12.4-acre land parcel.; M2-Heavy Industrial zoning.
    (219) 608-4387 Call to check price and availability
    Request Owner's contact information
    260 Hupp Rd La Porte, IN 46350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    260 Hupp Rd
    La Porte, IN 46350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    260 Hupp Rd La Porte, IN 46350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sherry Ritter-Banic
    Sherry Ritter-Banic
    Real Estate License ID: RB14033363
    (219) 608-4387
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!