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    FOR SALE
    Retail space

    1300 W Us Highway 20, Porter, IN 46304

    1,500 SF 0.73 ac lot Built 1967
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US31-0372786
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Judith L Wilson · 2 yrs held
    Judith L Wilson
    since 2023
    2 recorded transactions
    2023
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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