1300 W Us Highway 20, Porter, IN 46304
For Sale
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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.
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
Similar Nearby for Lease
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.