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Property profile & analytics
OFF-MARKET
Retail space

6340 Melton Rd Portage, IN 46368-1219

3,208 SF 3.93 ac lot Built 1948
Entity Owned 8-yr Hold Free & Clear
Property ID
US31-0330664
Property summary
AI-generated overview

This exceptional 3.93-acre parcel at 6340 Melton Road in Portage, Indiana presents a remarkable opportunity for commercial development. The property boasts a prime location in a rapidly growing area, offering unparalleled visibility and accessibility. Previously occupied by a building that has since been demolished and cleared, the land is ready for immediate development. Its Highway Commercial zoning and inclusion in a Tax Increment Financing (TIF) district provide significant advantages for potential investors. The strategic location, surrounded by established businesses such as several hotel brands, Bass Pro Shops, Dunkin' Donuts, and a Luke gas station, ensures high traffic volume and excellent exposure. Convenient access to major highways and roadways guarantees maximum visibility for any commercial venture. This expansive site allows for the development of multiple businesses on a single parcel, providing endless possibilities for entrepreneurs and investors seeking a high-impact location. The cleared land eliminates the need for demolition and site preparation, allowing for a faster and more cost-effective development process. This is an exceptional opportunity to establish a thriving commercial presence in a thriving market. The combination of prime location, favorable zoning, and cleared land makes this property an ideal investment for those seeking significant return on investment in a rapidly expanding area. Don't miss this chance to capitalize on the potential of this exceptional commercial land.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Construction WOOD
Total area 3,208 SF
Lot 3.93 ac (171,278 SF)
APN 64-05-01-403-007.000-016
UPID US31-0330664
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
My Land INC · 8 yrs held
My Land INC
since 2017
3 recorded transactions
2017
$385,000
2017
$175,000
2017
$96,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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