5540 US Highway 6, Portage, IN 46368
$675,000
Property Type:
Commercial Sale
Square Footage:
4,080
Lot Size (sq. ft.):
431,244
Status:
Closed
Current Price:
$675,000
List Date:
3/27/2023
Last Modified:
3/19/2025
Overview
Description
Listing Details MLS# 527845
General Property Information
- Number Of Units Total
- Yes
- Living Area
- 4080
- Building Area Source
- Assessor
- Year Built
- 1958
- Parking Total
- 20
- Lot Size Acres
- 9.9
- Lot Size Square Feet
- 431244
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 340 by 1,270 +/-
- Waterfront YN
- No
- Basement YN
- No
- Stories
- Yes
Property Features
Building Features:
Business District Location; Exposed Under Roof Ceiling(s); Lunch Room; Private Restrooms; Suspended Ceiling(s); Other
Construction Materials:
Block; Frame; Steel Siding
Cooling:
Central Air
Current Use:
Retail
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service; 220 Volts; Circuit Breakers
Exterior Features:
Lighting; Storage
Flooring:
Carpet; Concrete; Tile
Foundation Details:
Block
Heating:
Forced Air; Natural Gas; Radiant; Other
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Owner Pays:
None
Parking Features:
Common; Paved; Unpaved
Possession:
Close Of Escrow
Possible Use:
Commercial; Industrial; Office
Rail Availability:
None
Road Frontage Type:
Highway
Roof:
Composition
Security Features:
Security Gate
Sewer:
Private Sewer
Tenant Pays:
None
Utilities:
Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Sewer Available
Water Source:
Public
Showing Requirements:
24 Hour Notice; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 824900
- Property Sub Type
- Retail
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Vacant
Location Tax and Legal
- Street Number
- 5540
- Street Name
- US Highway 6
- County
- Porter
- State
- IN
- Postal Code
- 46368
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- An Incredible Retail or Development Opportunity! Recent updates to property! Completed Phase 1 and Phase 2. City sewer connected 2024. A 4080 square foot commercial building on two parcels for a total of 9.93 ac, and 340 ft of frontage. Located on US Hwy 6, with a daily traffic count of 18,305. The Commercial building has 1,085 sq ft of retail/showroom space, 302 sq ft office and 166 sq ft break room. In addition, there is a 2,142 sq ft heated FBI built shop/warehouse, 16 ft clear ceiling height, concrete floor, and 2 overhead doors. The property has two large road cuts onto US Hwy 6.
Status Change Information
- Major Change Timestamp
- 2025-03-19T14:57:16Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2024-02-18T02:38:04Z
- Status Change Timestamp
- 2025-03-19
- Offer Acceptance Date
- 2025-02-26
- Close Date
- 2025-03-18
- Close Price
- 675000
- Concessions
- Call Listing Agent
- Buyer Financing
- Cash
More Information
Building Features
- Building Dimensions
- 51x38x17x63x34x101
- Clear Ceiling Height
- 16
- Office SqFt
- 302
- Business District Location
- Yes
- Exposed Under Roof Ceiling(s)
- Yes
- Lunch Room
- Yes
- Private Restrooms
- Yes
- Suspended Ceiling(s)
- Yes
- Other
- Yes
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 340
Income and Expenses
- New Taxes Expense
- 6005
- Electric Expense
- 0
- Gross Income
- 0
- Gross Scheduled Income
- 0
- Insurance Expense
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Net Operating Income
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Total Actual Rent
- 0
- Trash Expense
- 0
- Water Expense
- 0
Showing Requirements
- Showing Instructions
- 24 Hour Notice to Show. Call Listing Agents
- 24 Hour Notice
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Zoning: COMM, Utilities: On, Electrical Service: 120 Volts, Roof Structure: Gable, Fire Protect: Fire Extinguishers, Overhead Doors:
Location, Tax, and Legal
- Postal Code +4
- 8222
- Tax Annual Amount
- 5736.13
- Tax Year
- 2023
- Tax Legal Description
- Legal Description: E110 W396 SW SW EX PRT TO STATE 23-36-7 3.298A & E 14RD W38RD SW SW EX PARTS TO STATE 23-36-7 6.849A
- Parcel Number
- 640523351003000015
- Zoning Description
- Commercial
- Township
- Portage
- Directions
- US HWY 6 in Portage, West of Swanson Rd., approximately 1000 Feet, property on the Northside of US 6.
Construction Materials
- Block
- Yes
- Frame
- Yes
- Steel Siding
- Yes
Cooling
- Central Air
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
- 220 Volts
- Yes
- Circuit Breakers
- Yes
Exterior Features
- Lighting
- Yes
- Storage
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
- Tile
- Yes
Foundation Details
- Block
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
- Radiant
- Yes
- Other
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Common
- Yes
- Paved
- Yes
- Unpaved
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- Highway
- Yes
Roof
- Composition
- Yes
Security Features
- Security Gate
- Yes
Sewer
- Private Sewer
- Yes
Utilities
- Electricity Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Available
- Yes
Water Source
- Public
- Yes
Owner Pays
- None
- Yes
Tenant Pays
- None
- Yes
Current Use
- Retail
- Yes
Possible Use
- Commercial
- Yes
- Industrial
- Yes
- Office
- Yes
Rail Availability
- None
- Yes
Listing Office:
RE/MAX Lifestyles
Last Updated: March - 19 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.