5540 Us-6, Portage, IN 46368
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.