Property profile

5947 Us Hwy 6th 6 Portage, IN 46368

OFF-MARKET
Auto shops
Property ID
US31-0470775
6,681 SF 0.94 ac lot Built 2022
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2022
Construction TYPE NOT SPECIFIED
Total area 6,681 SF
Lot 0.94 ac (40,946 SF)
APN 64-05-26-228-001.000-016
UPID US31-0470775

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5947 Us Hwy 6th 6 Portage, IN 46368-4945
Portage metro Census 50509 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
$640k
Blend (final) Blend
$510k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $595,000 +52.0%
Restaurant $525,000 +34.0%
Retail stores $405,000 +2.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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