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Property profile

6370 Ameriplex Dr Portage, IN 46368

OFF-MARKET
Warehouses
Property ID
US31-2975329
View Sample
50,220 SF 4.33 ac lot Built 2015
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional flex space, totaling 3,362 square feet, is situated within the 50,000 square foot Belmont Building on Ameriplex Drive in Porter County. The property boasts convenient access to I-94, placing it a mere 30 miles from downtown Chicago, offering unparalleled accessibility for businesses needing proximity to both a major metropolitan area and a more suburban setting. The space itself is part of a multi-tenant building and includes a significant amount of dedicated office space, measuring 1,134 square feet. This area is well-appointed with three pre-installed office cubicle partitions, providing immediate workspace solutions. Further enhancing the functionality, the space features a unisex restroom complete with a shower, a valuable amenity for employees. The building's high ceilings, reaching 20 feet, offer ample vertical space for various uses, and there is one drive-in door for easy loading and unloading. This is an ideal opportunity for businesses seeking a versatile and well-located flex space with immediate occupancy potential. The property is ready for immediate move-in. Don't miss this chance to secure this strategically positioned and well-equipped space.

Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 2015
Construction TYPE NOT SPECIFIED
Total area 50,220 SF
Lot 4.33 ac (188,615 SF)
APN 64-02-36-477-001.000-016
UPID US31-2975329

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Corporate Office
  • Engineering Consultant Consultant
  • Building Supply Industrial Manufacturer
  • Building Supply Electrical Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.73M
Comparable Approach Comparable
$3.26M
Blend (final) Blend
$3.50M

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $4.5M +80.5%
Restaurant $3.9M +59.0%
Retail stores $3.0M +22.2%

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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