Financial
Distress signals
Property profile

2675 Willowcreek Rd Portage, IN 46368

OFF-MARKET
Turn key restaurants
Property ID
US31-1647769
1.21 ac lot Built 1978
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a single-tenant Wendy’s restaurant located at 2675 Willowcreek Road in Portage, Indiana, consisting of a 2,376-square-foot building situated on approximately 2.34 acres. It is configured as a quick-service restaurant and is governed by a long-term triple-net lease structure with an initial 20-year term, annual rent escalations beginning in Year 3 (based on CPI or capped at 1.25%), and provisions for six five-year renewal options. The lease has a lease guaranty associated with

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$240k
Assessed land$125k
Assessed improvement$115k
Effective rate2.59%

Value estimate

· Sep 2026
$245k
$221k – $270k
AI approach$245k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPORTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.2
Building Supply21.6
Auto Repair Shop19.5

Location

2675 Willowcreek Rd Portage, IN 46368-3546
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5995 Us Hwy 20, Portage, IN 46368-1312 $35,000 Feb 2025 444 SF
6255 Central, Portage, IN 46368-3725 $35,100 Aug 2024 1,132 SF
2542 Portage, Portage, IN 46368-3006 $355,000 Apr 2024 6,360 SF
5469 Central, Portage, IN 46368-2852 $19,665 Sep 2023 792 SF
6060 Eagle, Portage, IN 46368-1509 $795,000 Jun 2023 3,072 SF
5452-5454 Central, Portage, IN 46368 $40,641 Jun 2023 3,368 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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