Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5740 Us-6 Portage, IN 46368
    Back to Search
    Property profile & analytics

    5740 Us-6 Portage, IN 46368

    View on Map
    • Retail properties & Spaces
    • 58,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5740 Us-6

    Property size
    58,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    Jenny's Landing presents a unique opportunity for retail businesses seeking a prominent location in Portage, Indiana. This expansive property, situated on a substantial 26-acre lot at 5740 US-6, offers a total of 58,000 square feet of vacant retail space. The property is zoned for multiple tenancies, allowing for flexibility in lease arrangements. Spaces are available ranging from a minimum of 2,000 square feet to a maximum contiguous space of 50,000 square feet, catering to a variety of business needs and scales. The property's location in Porter County, with easy access to US-6, ensures high visibility and convenient access for customers. This is an exceptional opportunity to establish or expand a retail presence in a thriving Indiana community. The property is currently entirely vacant, providing a blank canvas for a new retail development or a multi-tenant complex. With its ample space and strategic location, Jenny's Landing offers significant potential for growth and profitability. Contact us today to learn more about leasing opportunities and explore the possibilities this exceptional property presents.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1722
    Latitude
    41.5965

    Comparable in this City

    • Value Estimation by Request
      9.00 Acres

      6 And Airport Rd

      Land • 9.00 Acres
      6 And Airport Rd, Portage, IN 46368
      View Details
    • Value Estimation by Request
      28.40 Acres

      Northwood Trl

      Land • 28.40 Acres
      0 Northwood Trl, Portage, IN 46368
      View Details
    • Value Estimation by Request
      0.97 Acres

      6035 Lute Rd

      Land • 0.97 Acres
      6035 Lute Rd, Portage, IN 46368
      View Details
    • Value Estimation by Request
      6.55 Acres

      Seq Sterling & Willowcreek

      Land • 6.55 Acres
      0 Seq Sterling & Willowcreek, Portage, IN 46368
      View Details
    • Value Estimation by Request
      68.00 Acres

      5000 Us-6

      Farms • 68.00 Acres
      5000 Us-6, Portage, IN 46368
      View Details
    • Value Estimation by Request

      5060 Us-6

      Land
      5060 Us-6, Portage, IN 46368
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Construction Starbucks Investment Opportunity

      New construction Starbucks in Chicago MSA with long-term lease.
      6051 Central Ave, Portage, IN 46368
      View Details
    • $350,000
      2.50 Acres

      Prime Commercial Development Opportunity

      2.5 acres with high visibility on Highway Route 6.
      3567 Scottsdale St, Portage, IN 46368
      View Details
    • $290,000
      Pending

      Versatile Commercial Building with Vacant Lot

      5,400 SF commercial building with vacant lot included.
      5960 Evergreen Ave, Portage, IN 46368
      View Details
    • $32,000
      0.44 Acres

      Portage, IN Land Available

      Land available to build a new home in Portage.
      2796 Willowcreek Rd, Portage, IN 46368
      View Details
    • $69,900
      2.07 Acres

      Portage, IN Land Opportunity

      2+ acre corner lot in Porter County, Indiana.
      County Line/Sr 130, Portage, IN 46368
      View Details
    • $40,000

      Vacant Land Near I-94

      Vacant land with I-94 access and highway frontage.
      6672 Melton Rd, Portage, IN 46368
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Outparcels in Portage, Indiana

      Outparcels available for lease, sale, or build-to-suit.
      6 And Airport Rd, Portage, IN 46368
      View Details
    • Contact for pricing

      Retail Space in Augusta Center

      Retail space for lease in Portage, Indiana near Menards.
      6200 Us Highway 6, Portage, IN 46368
      View Details
    • $15 SF/Yr
      10,800 SF

      Retail Space on US 6

      10,800 SF retail space in Portage, Indiana for lease.
      6245 Us Highway 6, Portage, IN 46368
      View Details
    • Contact for pricing

      Retail Space in Augusta Center

      Retail space available in Portage, Indiana near Menards.
      6200 Us Highway 6, Portage, IN 46368
      View Details
    • Contact for pricing
      28,875 SF

      Retail Space in Portage Center

      Retail space available in Portage's sub-regional trade area.
      Us Highway 6, Portage, IN 46368
      View Details
    • Contact for pricing

      Portage Commercial Property For Rent

      Commercial property available for rent in Portage, Indiana.
      6 And Airport Rd, Portage, IN 46368
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5740 Us-6
    Portage, IN 46368
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5740 Us-6, Portage, IN, 46368
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!