Property profile

5540 Us-6 Portage, IN 46368

OFF-MARKET
Retail properties & Spaces
4,080 SF 9.9 ac lot Built 1958
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant 4,080-square-foot auto shop building situated on a 9.9-acre lot with 340 feet of frontage along US Highway 6 in Portage, Indiana. Boasting a daily traffic count of 18,305 vehicles, this property offers significant visibility and accessibility. The building, constructed in 1958 and renovated in 2000, features a single story and includes 1,085 square feet of retail/showroom space, a 302-square-foot office, and a 166-square-foot break room. A substantial 2,142-square-foot heated shop/warehouse is also included, featuring a 16-foot clear ceiling height, concrete flooring, and two overhead doors. The property benefits from two convenient road cuts onto US Highway 6 and has completed Phase 1 and Phase 2 improvements, including city sewer connections. The zoning is COMM (with one parcel zoned CH and the other RR), providing flexibility for various commercial uses. Ample parking is available with 20 spaces. This property is priced at $795,000 and is offered vacant. The significant lot size and prime highway location present a compelling opportunity for retail or development.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1958
Total area 4,080 SF
Lot 9.9 ac (431,244 SF)

Cap rate & NOI

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

Location

5540 Us-6 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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