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    OFF-MARKET
    Commercial real estate

    1794 Schiller St, Portage, IN 46368

    3.04 ac lot
    Property ID
    US31-0507625
    Property summary
    AI-generated overview

    This exceptional 3.04-acre commercial land parcel in Portage, Indiana, presents a remarkable investment opportunity. Ideally situated in Porter County, at 1794 Schiller Street, zip code 46368, this property boasts an unmatched location. Zoned explicitly for Business Park use, it offers 236 feet of frontage directly adjacent to Interstate 94, ensuring unparalleled visibility and accessibility. The property's proximity to Route 249 and the I-94 ramp (within half a mile) further enhances its strategic advantage. This prime location, combined with Indiana's business-friendly environment, makes it suitable for a diverse range of commercial ventures. Imagine establishing a trade school, a sophisticated office with showroom, a modern printing or shipping center, a sports facility, a food and beverage production unit, or a light industrial assembly and distribution hub. The low property taxes of $1,714 (2022) add to the financial appeal. This is a rare chance to acquire a high-visibility, strategically located commercial lot in a thriving area. The asking price is $249,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.04 ac (132,422 SF)
    UPID US31-0507625
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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