Property profile

1300 W Us Highway 20 Porter, IN 46304

FOR SALE
Retail space
Property ID
US31-0372786
1,500 SF 0.73 ac lot Built 1967
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, situated at 1300 W US Hwy 20 in Porter, Indiana, presents a unique investment opportunity. The 0.71-acre lot boasts a prime location on a busy highway, offering excellent visibility and accessibility. Its B3 zoning allows for a wide range of commercial uses, providing flexibility for future development or continued operation of an existing business. The property currently houses Saylor Basket Place, a long-standing concrete statue and retail business with a history exceeding 50 years, demonstrating the site's proven viability. Ample parking is available for customers and employees. The property is being sold in its current "as is" condition, providing the buyer with the opportunity to renovate, expand, or maintain the existing business. The strategic location near the intersection of US Highway 20 and the I-80/94 corridor ensures high traffic volume and significant exposure to a large customer base. This presents a rare chance to acquire a well-established commercial property with substantial potential for growth and return on investment in a thriving area. The property's history and location combine to create a compelling investment opportunity for discerning buyers. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1967
Construction WOOD
Total area 1,500 SF
Lot 0.73 ac (31,799 SF)
APN 64-03-34-252-010.000-026
UPID US31-0372786

Cap rate & NOI

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

Location

1300 W Us Highway 20 Porter, IN 46304
Porter metro Census 50302 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2019
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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