2701-2733 Irving St, Portage, IN 46368
Invest in this exceptional 1.194-acre commercial land parcel situated in the heart of Portage, Indiana, at 2701-2733 Irving St., zip code 46368. This strategically located property boasts over 375 feet of frontage on Irving Street, offering significant visibility and accessibility. The property's Commercial Mixed Use zoning (CM-CABD) within the Portage Central Avenue Business District allows for a diverse range of development opportunities. Permitted uses include various residential options such as detached or multi-unit homes, fair-housing facilities, and home occupations. Commercial possibilities are equally abundant, encompassing office spaces, low-intensity retail establishments, and restaurants. Further development options may be available through special permits or variances from the city. This prime location offers unparalleled convenience, situated just one block from Willowcreek Avenue and Central Avenue, two of Portage's busiest thoroughfares. Essential utilities are readily available, including electricity, natural gas, high-speed internet access, and municipal water and sewer services. The property's APN is 64-05-13-154-019.000-016. This is an exceptional opportunity to acquire a substantial land parcel in a thriving business district, presenting a compelling investment prospect for both residential and commercial ventures. The asking price is $179,900.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.