1370 Nealon DrPortage, IN 46368

  • Other commercial real estate
  • 2,156 SF
For Sale
$300,000 View listing

Property Details for 1370 Nealon Dr

Year built
1987
Construction
WOOD
Lot size
0.35 AC
Property size (Sq ft)
2,156 SF
Property type
Other commercial real estate
APN
64-02-36-451-003.000-016
APU
640236451003000016

Description

This exceptional 0.35-acre property at 1370 Nealon Drive, Portage, Indiana, presents a unique opportunity for diverse uses. Strategically located near the intersection of I-94 and State Road 249, it offers unparalleled access to multiple marinas and Lake Michigan, making it perfect for marine-related businesses or individuals seeking convenient lake access. The property features two spacious units, each equipped with a private office and bathroom, providing flexibility for various needs. Both units are designed for maximum convenience and efficiency. The entire property is completely fenced, ensuring security and peace of mind. Oversized overhead doors allow for easy access and storage of boats, RVs, or other large equipment. The property's zoning allows for a range of commercial and industrial uses. The dual-unit setup offers the potential for owner-occupancy with rental income from the second unit, maximizing return on investment. This prime location, combined with its versatile features, makes this property an attractive option for both business owners and investors seeking a high-return asset in a desirable area. The proximity to major transportation routes and recreational waterways adds significant value and appeal. Priced at $300,000, this property represents a compelling investment opportunity in a thriving market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $793,078
    Hospitality
    $726,455
    Educational
    $604,402
    Medical
    $625,188
    Retail
    $940,181
1370 Nealon Dr, Portage, Indiana
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Location Insight

City
Portage
County
Porter
State
Indiana
Latitude
41.6108
Longitude
-87.1729
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,316
$60,700
$27,400
$88,100
-
$60,700
$27,400
$88,100

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