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    6672 Melton Rd Portage, IN 46368

    Sponsored
    For Sale
    $40,000

    0.63 Acres, Highway Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.63-acre commercial land parcel, located at 6672 Melton Rd, Portage, IN 46368 (APN: 64-06-06-329-001.000-016), presents a compelling development opportunity. Situated on US Highway 20, this property boasts over 100 feet of frontage, benefiting from an average daily traffic count exceeding 13,000 vehicles. Its Highway Commercial (HC) zoning allows for a variety of uses. The site offers convenient access to all utilities directly along US Highway 20, and enjoys excellent proximity to major transportation arteries, including the I-94 interchange (less than a mile away), I-90 (two miles via Route 249), and the Port of Indiana (three miles). The relatively level terrain simplifies development. The surrounding area features a mix of light industrial, manufacturing, office, retail, and hospitality businesses. This prime location, combined with its high visibility and accessibility, makes this property an ideal investment for businesses seeking a strategic presence in a thriving commercial corridor. The asking price is $40,000, translating to approximately $63,492 per acre.

    Property Features for 6672 Melton Rd

    General Information

    Property type
    Land
    Lot Size
    27,443 SF

    HighLights

    • 0.63‑acre commercial lot at 6672 Melton Rd, Portage, IN, with over 100' of US Hwy 20 frontage and over 13,000 ADT.
    • Three miles to the Port of Indiana.
    • All utilities available along US Hwy 20.
    Property Profile Location Intelligence

    Current Use by Public Records

    PSC Machining & Engrg Machine Shop

    Suggested Use

    Realty agency Restaurant Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Skin Care Clinic Wholesale Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1583397
    Latitude
    41.5993144

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    FAQs

    What type of property is this?
    Land - 0.63 Acres, Highway Commercial Zoning
    Where is this land located?
    The property is located at 6672 Melton Rd Portage, IN.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: 0.63-acre commercial lot at 6672 Melton Rd, Portage, IN, with over 100' of US Hwy 20 frontage and over 13,000 ADT.; Three miles to the Port of Indiana.; All utilities available along US Hwy 20.
    Request Owner's contact information
    6672 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
    6672 Melton Rd Portage, IN 46368
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