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    2563 Willowcreek Rd Portage, IN 46368

    Sponsored
    For Lease
    $22 SF/Yr

    Portage, IN Power Center - Lease Available

    Lot size:
    126,777 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents itself at The Meadows Shopping Center, a thriving power center located at 2563 Willowcreek Rd, Portage, IN 46368. Boasting a total of 126,777 square feet, this C1-zoned property sits on an expansive 11.8-acre lot at the high-traffic intersection of Willowcreek Road and Central Avenue. Currently, there are two available spaces ranging from 1,632 to 9,690 contiguous square feet, with a total of 12,290 square feet currently vacant. The center is anchored by Strack & Van Til and features a strong tenant mix including national brands such as Dunkin' Donuts, Family Dollar, Leslie's Pool Supplies, and Pet Supplies Plus, ensuring high foot traffic and visibility. Situated in Portage, Indiana – the largest city in Porter County and the third largest in Northwest Indiana – this location benefits from a substantial population base (approximately 37,000 residents according to the 2010 census) and its strategic proximity to Chicago (35 miles via I-80/94). Portage's robust industrial sector and recent significant developments further enhance the area's economic strength. This grocery-anchored shopping center offers an unparalleled opportunity for businesses seeking a prime retail location within a thriving community. The minimum divisible space is 1,632 square feet.

    Property Features for 2563 Willowcreek Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    126,777 SF
    Total Rate
    232424.5

    Unit(s) available at that property

    Space
    6034
    Size
    1,250 SF
    Rate per SF
    $22
    Space
    Central Avenue inline space
    Size
    8,440 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1829821
    Latitude
    41.5772257

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    FAQs

    What type of property is this?
    Power center - Portage, IN Power Center - Lease Available
    Where is this power center located?
    The property is located at 2563 Willowcreek Rd Portage, IN.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    Request Owner's contact information
    2563 Willowcreek 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
    2563 Willowcreek Rd Portage, IN 46368
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