108-110 Lincoln St Porter, IN 46304
This exceptional retail property, located at 108-110 Lincoln Street in the heart of Porter, Indiana, presents a unique investment opportunity. Situated on a 0.13-acre lot, the property boasts two distinct storefronts. Currently, one unit is leased month-to-month to a record store generating $700 in monthly rent. The adjacent storefront, previously a barber shop, is vacant and ready for a new tenant. Adding to the property's appeal is a three-bedroom, one-bathroom apartment situated at the rear. This apartment includes a basement and a screened-in porch, offering versatile options for owner-occupancy or rental income generation, whether short-term or long-term. The property is being sold "as-is," and buyers are responsible for verifying all information. The property's prime location on the main strip of downtown Porter provides excellent visibility and access to a thriving community. Just minutes from the Indiana Dunes National Park, an hour from Chicago, and 45 minutes from New Buffalo, this location benefits from significant tourism and local traffic. Nearby amenities include the Duneland Chamber of Commerce, local breweries, wineries, and restaurants. The property's 2023 annual property tax was $2,273.76. This is a remarkable chance to acquire a profitable retail property in a desirable location with strong income potential and the added benefit of an attached apartment. Don't miss this opportunity to own a piece of Porter's vibrant downtown. The land use code designates the property for retail stores, including personal services, photography, and travel-related businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
Costs & Benchmarks
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.