Land with Signalized Intersection

450 US Highway 6, Portage, IN 46368

  • For Sale $1,200,000
  • Property Type VacantLand
  • Lot Size 7.47 Acre
  • Date Updated Mar 29, 2024
The parcel is a corner location with traffic light and features excellent access from US Highway 6 and Bay Rd.Golden Group Real Estate is proud to present the opportunity to acquire approximately 7.47 acres of commercial/retail land for sale with a seller-financing as an option or ground lease. The property is located in Portage, the largest city in Porter County, and the third largest in Northwest Indiana. The parcel is a corner location with traffic light and features excellent access from US Highway 6 and Bay Rd. With high traffic counts in the area the 665 feet of frontage will surely benefit any development on the site. New Kohls opened just one block over showing retail development is strong in the area. Menards, Walmart, Portage High School are also in close proximity to the site. Portage is considered to be "the middle of everywhere". Just a 40 minute drive to downtown Chicago, or minutes via the South Shore Commuter Rail Line that runs from South Bend, IN to Chicago, IL. Portage is a critical northwest Indiana and Midwest area transportation hub, with the international Port of Indiana - Burns Harbor, interstates I-90/94 and I-80, and two Class I rail lines within the borders. Ameriplex at the Port, with 22 thriving businesses, is the premier industrial business park. South Shore Portage/Ogden Dunes rail station area has been designated as a Transit Development District (TDD), offering opportunities that will provide benefits to residents, commuters and potential investors. Source: https://www.portagein.org/.

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Highlights

  • +/- 7.47 AC of vacant land zoned C-2 with signalized intersection in Portage, IN
  • Lease entire 7.47 acres for $10,000/month for 20 years, with an option to renew for another 20 years for $12,000 a month or lease single acre on hard corner for $5,000/month for 10 years, with an option to renew for another 10 years for $6,000 a month
  • Portage is a critical northwest Indiana and Midwest area transportation hub:
  • Port of Indiana, interstates I-90/94 and I-80, and two Class I rail lines along the borders
  • Great visibility and high traffic with easy access to US Highway 6 and Bay Road
  • 665 feet of frontage - great for retail development
  • In close proximity to Menards, Walmart, Kohls and 40 minutes to downtown Chicago
  • Utilities are on the site: sewage, water, electricity
  • Proposed use: retail, commercial, office, service, entertainment, and restaurants
  • Seller-financing available: 30% down payment, 5% interest, 5-year term, 20 year amortization with balloon payment at end of term
  • For variety local and state incentives visit: https://www.portagein.org/incentives

Contacts

broker

Guzel Lubinski

Golden Group Real Estate

(312) 237-0290

Location

Getting Around

  • Walk Score ®

    36/100 Car-Dependent
  • Bike Score ®

    33/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Portage, IN
  • Neighborhood South Haven
  • Zip Code 46368
  • Market Chicago

Points of Interest

  • Portage/Ogden Dunes

    4.97 miles

  • Miller

    6.86 miles

  • Dune Park

    8.06 miles

  • Speedway

    1.40 miles

  • Family Express

    1.45 miles

  • Speedway

    2.00 miles

  • Speedway

    2.37 miles

  • Clark

    3.35 miles

  • Lukoil

    3.49 miles

  • Marathon

    3.54 miles

  • Pacific Pride Commercial Fueling

    3.57 miles

  • Speedway

    3.96 miles

  • Family Express

    4.13 miles

  • truck parking

    4.17 miles

  • car parking

    4.25 miles

  • Bus Parking

    5.19 miles

  • Bailly Chellberg Parking Lot

    6.07 miles

  • Moraine Nature Preserve Parking

    6.78 miles

  • Greenbelt Parking Lot

    6.86 miles

  • Moraine Nature Preserve Parking

    6.96 miles

  • Cowles Bog Parking Lot

    7.42 miles

  • Lot 14

    8.14 miles

  • Lot 15

    8.15 miles

  • Baymont by Wyndham Portage Indiana Dunes

    2.77 miles

  • Quality Inn & Suites

    2.94 miles

  • Hampton

    3.43 miles

  • Holiday Inn Express & Suites

    3.45 miles

  • Days Inn

    3.50 miles

  • Best Western Plus

    3.60 miles

  • Super 8

    3.71 miles

  • Country Inn & Suites

    3.92 miles

  • Affordable Suites of America

    3.99 miles

  • Comfort Inn & Suites

    4.75 miles

  • Dunkin'

    0.50 miles

  • Buffalo Wild Wings

    0.54 miles

  • Subway

    0.59 miles

  • Burger King

    0.63 miles

  • Dairy Queen

    0.73 miles

  • Rosewood

    0.74 miles

  • McDonald's

    0.76 miles

  • Culver's

    1.33 miles

  • McDonald's

    1.46 miles

  • Pizza Hut / Taco Bell

    1.51 miles

  • South Haven Elementary School

    0.72 miles

  • Portage High School

    0.79 miles

  • South Haven Christian School

    0.81 miles

  • Paul Saylor Elementary School

    1.20 miles

  • Rowena Kyle Elementary School

    1.86 miles

  • Nativity of Our Saviour Catholic School

    1.93 miles

  • Ethel R Jones Elementary School

    2.33 miles

  • Central High School

    2.36 miles

  • Willowcreek Middle School

    2.45 miles

  • Wallace Aylesworth Elementary School

    2.55 miles

  • Hattie's Daycare & Preschool

    7.77 miles

  • My School

    9.79 miles

Frequently Asked Questions

What is the lease rate for Land with Signalized Intersection?

Rental asking rate at Land with Signalized Intersection is $600,000.00/YR.

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Contact Listing Broker

broker

Guzel Lubinski

Golden Group Real Estate

(312) 237-0290