Property profile

6200 Melton Rd Portage, IN 46368

OFF-MARKET
Land
4.5 ac lot
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Property summary

AI-generated overview

This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in Portage, Indiana. Strategically located directly off I-94 with unparalleled visibility from the interstate, this site boasts an enviable position for high-impact development. The property's commercial zoning allows for a wide range of uses, making it particularly attractive for hotel development. With 44 million drivers passing through Portage annually, this location guarantees significant exposure and accessibility. The site's proximity to numerous retail centers further enhances its appeal and potential for success. This exclusive offering is ideal for developers seeking a high-traffic, high-visibility location to capitalize on the substantial volume of daily interstate traffic. The land is situated at 6200 Melton Rd, Portage, IN 46368, in Porter County. The asking price for this exceptional property is $800,000. Don't miss this chance to secure a prime location for your next commercial venture.

Property profile

Verified
Property type Land
Lot 4.5 ac (196,020 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

6200 Melton Rd Portage, IN 46368
Portage metro
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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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