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0 Portage Ave Portage, IN 46368

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

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 20.49 ac (892,675 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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