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    6340 Melton Rd Portage, IN 46368

    Sponsored
    For Sale
    $649,000

    4 Acres, Highway Commercial Zoning, Ready to Develop

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.97-acre parcel at 6340 Melton Road in Portage, Indiana, presents a unique opportunity for commercial or industrial development. Located in Porter County, zip code 46368, this property boasts a highly desirable Highway Commercial zoning designation within a Tax Increment Financing (TIF) district. The land is completely cleared and ready for immediate construction, offering significant advantages for developers seeking a prime location with excellent visibility. Its strategic position provides exceptional exposure, situated near major highways and roadways, ensuring maximum accessibility for businesses, employees, and customers. The surrounding area is thriving, with established businesses including several hotel brands, Bass Pro Shops, Dunkin' Donuts, and a Luke gas station, creating a strong commercial environment. The asking price for this exceptional development opportunity is $649,000. This property's size and location offer endless possibilities for multiple ventures on a single parcel, making it an ideal investment for those seeking high-impact commercial development in a rapidly growing area. The site's previous building has been demolished and the land is cleared, eliminating the need for costly demolition and site preparation.

    Property Features for 6340 Melton Rd

    General Information

    Property type
    Land
    Lot Size
    172,933 SF

    HighLights

    • 3.97‑acre commercial/industrial parcel in Portage, IN (46368).
    • Highway Commercial zoning in a TIF district.
    • Cleared and ready for immediate construction.
    • Excellent visibility and accessibility near major highways.
    • Strong commercial environment with nearby established businesses (e.g., Bass Pro Shops, hotels).
    • Asking price: $649,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1706851
    Latitude
    41.5989502

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    FAQs

    What type of property is this?
    Land - 4 Acres, Highway Commercial Zoning, Ready to Develop
    Where is this land located?
    The property is located at 6340 Melton Rd Portage, IN.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: 3.97-acre commercial/industrial parcel in Portage, IN (46368).; Highway Commercial zoning in a TIF district.; Cleared and ready for immediate construction.
    Request Owner's contact information
    6340 Melton Rd Portage, IN 46368
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    Portage, IN 46368
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    Realmo Value Estimation

    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.

    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.

    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
    6340 Melton Rd Portage, IN 46368
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