0 Northwood Trl, Portage, IN 46368
This exceptional 28.4-acre parcel presents a remarkable opportunity for residential development. Located in Portage, Indiana, at 0 Northwood Trails, this property is an approved and platted 80-lot subdivision, ready for immediate construction. Situated off US 20/Melton Road, it enjoys unparalleled convenience, being just half a mile from I-94 and a third of a mile from Crissman Road (IN 249). All utilities are already in place, making this a truly "shovel-ready" project. The property's residential zoning ensures a straightforward development process. This 28.4-acre site offers significant potential for builders and investors seeking a prime location with exceptional infrastructure and accessibility. Furthermore, there's an option to expand your investment by acquiring an adjacent 4.8-acre commercial parcel located directly north on Melton/US 20. The asking price for this exceptional development opportunity is $1,200,000. Don't miss this chance to acquire a highly desirable and strategically located land parcel in a thriving Indiana community. The zip code is 46368, and the property is located in Porter County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.