0 Portage Ave, Portage, IN 46368
This exceptional 20.493-acre parcel presents a remarkable opportunity for residential development. Strategically located near the I-80 gateway off Willowcreek Road, just north of Portage, Indiana's downtown area, this property boasts a highly desirable commuter location. Preliminary concepts suggest the potential for a residential subdivision, mirroring the style of Phase III of Dunewood Trails. Currently zoned M1, the property comprises three separate parcels plus a portion of a fourth, offering flexibility for either single-family or multi-family/attached/paired patio home development. Buyers are responsible for verifying zoning suitability with the city to ensure alignment with their development plans. The property's proximity to Lake Michigan and the South Shore adds significant appeal. Given the limited availability of developable land with convenient access to water and sewer connections, this presents a rare chance to create a thriving residential community. The buyer will be responsible for all aspects of development, including obtaining necessary entitlements, engineering, and verifying utility hookups. The asking price for this exceptional opportunity is $500,000. APN: 64-05-12-301-003.000-016.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.