Technical
Financial
Distress signals
Property profile

6672 Melton Rd Portage, IN 46368

FOR SALE
Warehouses
Property ID
US31-2769519
37,960 SF 4.97 ac lot Built 2006
Entity Owned 3-yr Hold ~ Est. High Equity
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6672 Melton Rd, Portage, IN 46368 For Sale
Contact for pricing 37,960 SF
6672 Melton Rd, Portage, IN 46368
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Property summary

AI-generated overview

This exceptional 0.63-acre commercial land parcel, located at 6672 Melton Rd, Portage, IN 46368 (APN: 64-06-06-329-001.000-016), presents a compelling development opportunity. Situated on US Highway 20, this property boasts over 100 feet of frontage, benefiting from an average daily traffic count exceeding 13,000 vehicles. Its Highway Commercial (HC) zoning allows for a variety of uses. The site offers convenient access to all utilities directly along US Highway 20, and enjoys excellent proximity to major transportation arteries, including the I-94 interchange (less than a mile away), I-90 (two miles via Route 249), and the Port of Indiana (three miles). The relatively level terrain simplifies development. The surrounding area features a mix of light industrial, manufacturing, office, retail, and hospitality businesses. This prime location, combined with its high visibility and accessibility, makes this property an ideal investment for businesses seeking a strategic presence in a thriving commercial corridor. The asking price is $40,000, translating to approximately $63,492 per acre.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 37,960 SF
Lot 4.97 ac (216,450 SF)
APN 64-06-06-329-001.000-016
UPID US31-2769519

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

Location

6672 Melton Rd Portage, IN 46368
Portage metro Census 50407 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$930k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$930k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2016
Price N/A
2006
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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