6826 Melton Rd Portage, IN 46368
This exceptional 10.2-acre industrial land parcel in Portage, Indiana, presents a compelling development opportunity. Priced at $960,000 ($94,118/acre), this property boasts a prime location with easy access to I-94, placing it within 45 minutes of Chicago. Its strategic position near the AmeriPlex at the Port Business Park, US Steel, Arcelor Mittal steel mills, the Port of Indiana, and the Gary/Chicago Airport offers unparalleled connectivity and access to a robust industrial network. The property features 600 feet of frontage on US-20, a key thoroughfare in a designated Gateway development district, surrounded by successful businesses. Zoned BP, this site is suitable for subdivision into 1 to 6 lots, catering to diverse development needs. Utilities are readily accessible, with a water main approximately 300 feet east and sanitary sewer access directly across US-20. The property's proximity to Bass Pro Shop, Lake Michigan, and Indiana Dunes National Park adds to its appeal. 2023 paid and 2024 estimated property taxes are $10,225.10. The APN is 64-06-06-401-009.000-016. This is an ideal location for commercial or light industrial development in a thriving market.
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
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