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    5740 Us-6 Portage, IN 46368

    Sponsored
    For Sale
    Contact for pricing

    Prime US-6 location, various lot sizes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land development opportunity in Portage, Indiana, presents a unique chance to capitalize on a high-traffic location. Situated at the intersection of Main & Main, this property boasts 1.52 to 5.7 acres of land, offering flexible lot sizes ranging from 1 acre to 10 acres. The site features approximately 1,245 feet of frontage along US-6, a major thoroughfare with an estimated 20,000 vehicles per day (VPD). This prime location provides unparalleled visibility and accessibility for businesses. A significant advantage is the planned traffic signal at Zurich and US-6, ensuring convenient access to the development. The area already boasts a robust retail environment, with established businesses including Meijer, Menards, Walmart, Aldi, Texas Roadhouse, Panera Bread, Discount Tire, and Applebee's, creating a strong and established customer base. The property is ideal for a variety of commercial uses, including big box or junior box retail developments, offering the potential for a prominent monument sign. This is a rare opportunity to secure a highly visible and strategically located parcel in a thriving Indiana community. The property's size and location make it an attractive investment for developers seeking to establish a new commercial center or expand existing operations.

    Property Features for 5740 Us-6

    General Information

    Property type
    Land
    Lot Size
    66,211 SF

    HighLights

    • 26‑acre commercial land development with ±1,245 feet of frontage on US‑6 (approx. 20,000 VPD).
    • Lots available ranging from 1 to 10 acres.
    • Opportunity for big‑box or junior‑box retail development with monument signage.
    • Proposed traffic signal at Zurich and US‑6 will provide convenient site access.
    • Strong surrounding retail environment including Meijer, Menards, Walmart, Aldi, Texas Roadhouse, Panera Bread, Discount Tire, and Applebee's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1722037
    Latitude
    41.596455

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    FAQs

    What type of property is this?
    Land - Prime US-6 location, various lot sizes.
    Where is this land located?
    The property is located at 5740 Us-6 Portage, IN.
    What are key features of this property?
    This property features: 26-acre commercial land development with ±1,245 feet of frontage on US-6 (approx. 20,000 VPD).; Lots available ranging from 1 to 10 acres.; Opportunity for big-box or junior-box retail development with monument signage.
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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
    5740 Us-6 Portage, IN 46368
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