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0 Seq Sterling & Willowcreek Portage, IN 46368

OFF-MARKET Land Google Maps
6.55 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 6.55-acre commercial land parcel presents a remarkable investment opportunity in Portage, Indiana. Located on the south side of Sterling Creek, this site boasts a prime location, zoned PUD (Planned Unit Development) within the Sterling Creek development, and is approved for multi-family construction. All utilities are readily available, making this a truly site-ready property. Its strategic position west of the intersection of Route 6 and Willowcreek Road offers unparalleled accessibility and visibility. The property is conveniently situated just one block from Portage Hospital and a short 2.5-mile drive from Interstate 94, ensuring excellent connectivity to regional transportation networks. Willowcreek Road experiences high traffic volume, with approximately 4,500 vehicles passing daily, providing significant exposure for any development. The parcel number is 64-05-176-021, and estimated annual property taxes are $350. This exceptional offering is priced at $1,499,000. The property's strategic location, combined with its site-ready condition and multi-family approvals, makes it an ideal platform for a variety of commercial ventures. Detailed information and site plans are available upon request.

Property profile

Verified
Property type Land
Lot 6.55 ac (285,318 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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