0 Lute Road, Portage, IN 46368

$750,000
Property Type: Land Lot Size (sq. ft.): 2,744,280 Status: Pending
Current Price: $750,000 List Date: 6/04/2026 Last Modified: 6/18/2026

Overview

Description

Exceptional 63-acre land offering consisting of four contiguous parcels in Portage, Indiana. Currently farmed, the property includes one residential parcel and three agricultural parcels. Situated amid significant residential and multifamily development, the site benefits from its strategic location near established apartment communities, neighborhoods, and major transportation routes. Whether maintained for agricultural use, held as an investment, or evaluated for future development opportunities, this property presents a rare large-acreage acquisition opportunity in a growing market. Existing farmhouse and improvements are conveyed as-is. Buyer to conduct independent due diligence regarding zoning, utilities, and future land use.

Listing Details MLS# 840127

General Property Information

Number Of Lots
4
Lot Size Acres
63
Lot Size Square Feet
2744280
Lot Size Source
Assessor
Association YN
No
Waterfront YN
No
List Price/Acre
11904.76

Property Features

Current Use: Agricultural; Unimproved; Vacant Electric: Other Listing Terms: Cash; Conventional Lot Features: Few Trees; Other Possession: Close Of Escrow; Negotiable Possible Use: Agricultural; Multi-Family; Residential; Single Family; Subdivision; Unimproved; Vacant Sewer: None Special Listing Conditions: None Utilities: None View: Meadow; Rural; Trees/Woods Water Source: None

Contract Information

Auction YN
No
Original List Price
750000
Property Sub Type
Unimproved Land
Lease Considered YN
No
Listing Agreement
Exclusive Right To Sell
Listing Service
Full Service
Occupant Type
Vacant

Location Tax and Legal

Street Name
Lute
Street Suffix
Road
County
Porter
State
IN
Postal Code
46368

Remarks and Miscellaneous

Public Remarks
Exceptional 63-acre land offering consisting of four contiguous parcels in Portage, Indiana. Currently farmed, the property includes one residential parcel and three agricultural parcels. Situated amid significant residential and multifamily development, the site benefits from its strategic location near established apartment communities, neighborhoods, and major transportation routes. Whether maintained for agricultural use, held as an investment, or evaluated for future development opportunities, this property presents a rare large-acreage acquisition opportunity in a growing market. Existing farmhouse and improvements are conveyed as-is. Buyer to conduct independent due diligence regarding zoning, utilities, and future land use.

Status Change Information

Major Change Timestamp
2026-06-18T18:30:16Z
Major Change Type
Status Change
Status Change Timestamp
2026-06-18
Offer Acceptance Date
2026-06-18

More Information

Exemption Information

Exemption YN
No

Showing Requirements

Showing Instructions
Go and show.

Location, Tax, and Legal

Tax Annual Amount
4420.92
Tax Year
2025
Tax Legal Description
N53.34AC W1/2 SE EX PAR SOLD 23-36-7 38.72A DITCH, E330 W458/80 M1320 NW SE 23-36-7 10ACS DITCH, 10A IN N1318.93 NW SE & NE SW 23-36-7 10A DITCH, E301.2 W1131.3 N1318.89 Ex W178.4 S518.24 ex Rd ROW NE SW 23-36-7 5.664A
Parcel Number
640523331002000016
Additional Parcels YN
Yes
Additional Parcels Description
640523331001000016, 640523401002000016, 640523401001000016
Township
Portage
Directions
US Hwy 6 to Lute Rd. North on Lute Rd to property. Property is located on the west side of Lute Rd, just west of Providence Manor subdivision.

Electric

Other
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Few Trees
Yes
Other
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

None
Yes

Special Listing Conditions

None
Yes

Utilities

None
Yes

View

Meadow
Yes
Rural
Yes
Trees/Woods
Yes

Water Source

None
Yes

Current Use

Agricultural
Yes
Unimproved
Yes
Vacant
Yes

Possible Use

Agricultural
Yes
Multi-Family
Yes
Residential
Yes
Single Family
Yes
Subdivision
Yes
Unimproved
Yes
Vacant
Yes
Listing Office: Ellsbury Group
Last Updated: June - 18 - 2026
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