20
See all 20 photos
$249,900
Est. payment /mo
6,295 SqFt
Active
5000 Central AVE Portage, IN 46368
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,295 sqft
Price per Sqft $39
MLS Listing ID 837427
Year Built 1947
Annual Tax Amount $3,597
Tax Year 2024
Lot Size 2.796 Acres
Acres 2.796
Property Sub-Type Mixed Use
Property Description
Prime commercial opportunity on Central Avenue in Portage! Situated on approximately 2.796 acres, this property offers outstanding visibility and access along one of the area's main corridors. The site features a 6,200 sq ft building with a functional layout, including a retail storefront in the front and warehouse space in the rear--ideal for a wide range of business operations or mixed-use concepts. Zoned Neighborhood Commercial through the City of Portage, this property provides exceptional flexibility with permitted uses such as low-intensity retail sales, personal service businesses, contractor office/showroom space, general and financial offices. In addition, special exception uses open the door to even more possibilities, including restaurants, gas stations, car washes, auto service centers, contractor office/warehouse combinations, child care centers, and accessory outdoor storage. The building does require repairs, presenting a strong value-add opportunity for investors or owner-users looking to renovate and customize the space. An investor can reposition the asset by improving the building and leasing out the retail and warehouse components for potential income generation. With nearly 3 acres of land, there is ample room for parking, equipment storage, or future expansion. Whether you're looking to establish, expand, or create a long-term investment, this property offers the size, zoning, and location to make it happen. Schedule your showing today!
Location
State IN
County Porter
Zoning Commercial
Interior
Heating Natural Gas
Fireplace N
Appliance None
Exterior
View Y/N true
View true
Building
Lot Description Back Yard, Front Yard
Others
Tax ID 640515151021000016
Acceptable Financing NRA20260420162540434524000000
Listing Terms NRA20260420162540434524000000
Listed by RE/MAX Lifestyles • David Whitehead
NEARBY SCHOOL & BUSINESS
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