1794 Schiller St, Portage, IN 46368
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.