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27300940
27300941

6331 Central Ave, Portage, IN 46368

LK
IN RB220002374
Realty Executives Premier
Listed by Realty Executives Premier
$897,000
250 days on market
Updated 101 days ago

6331 Central Ave.

Details
APN 64-05-13-251-007.000-016
Property Type Retail, Office (+1)
Sub Type Shopping Center, Storefront (+1)
Square Footage 8,748
Units 6
Cap Rate 9.30%
NOI $83,407
Tenancy Multi
Lease Type Modified
Price per SqFt $103
Year Built 1979
Buildings 1
Stories 1
Zoning Commercial

Retail | 9.30% CAP | 8,748 SqFt

Marketing description

Prime Retail Opportunity: 6331 Central Ave, Portage, IN – Unlock Your Business Potential!

Discover Your Gateway to Success in the Heart of Portage!

Located within the bustling corridor of Central Avenue in vibrant Portage, Indiana, 6331 Central Ave stands as a beacon for savvy entrepreneurs and established businesses alike. This multi-unit retail center spans 8,748 square feet of versatile, turnkey space, perfectly designed for high-traffic ventures like salons, boutiques, professional offices, markets, or dynamic studios. With six flexible units (addressed as 6331-6341), you have the freedom to lease individually, combine for larger operations.

Unmatched Visibility – Drive Growth Like Never Before! Boasting over 8,000 vehicles per day, this prime location on Central Ave ensures your business is front-and-center for a thriving 76,000-resident trade area within a 5-mile radius. The striking brick and stucco exterior exudes timeless curb appeal, complemented by a generous 68 on-site parking spaces for effortless customer access. Plus, a brand-new roof installed in 2020 on the western units means worry-free operations and long-term value. Across the street The inviting Founders' Square Park, complete with splash pads and community events – a natural magnet for families and foot traffic that amplifies your exposure.

A Thriving Location for Your Vision Portage isn't just a spot on the map; it's a launchpad for prosperity. Steps away, Willowcreek Middle School anchors the family-friendly vibe, while the world-class Indiana Dunes National Park – America's 61st national treasure – offers endless recreational allure just minutes north, blending urban energy with lakeside serenity. Dive into Portage's 20+ parks, including the expansive Portage Lakefront and Riverwalk along Lake Michigan, or unwind at Woodlawn Family Park with its dedicated dog park and trails. With easy access to I-94, Chicago's skyline is a quick commute away, yet you'll relish the affordable, community-driven charm where housing averages a welcoming $200,000.

Showings by appointment only – Please contact listing broker.

Investment highlights

Prime Multi-Tenant Commercial Opportunity

  • Asking Price: $897,000

  • NOI: $83,407 +/-

  • Cap Rate: 9.3%

  • Annual Taxes: $9,119

  • Building Size: 8,749 SF

  • Price Per SF: $102.52

  • Tenant Spaces: 6 units, each 1,450 SF

  • Investment Overview: This multi-tenant commercial property at 6331 Central Ave, Portage, offers a strong 9.3% cap rate, making it an attractive investment opportunity. With six tenants occupying approximately 1,450 SF each, the 8,749 SF building provides consistent cash flow in a high-demand location. Low annual taxes of $9,119 enhance profitability, making this a compelling addition to any investment portfolio.

Listing Contacts

LK
IN RB220002374
Realty Executives Premier
Listed by Realty Executives Premier

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,407.00
$6,950.58/mo

Valuation Metrics

0
DSCR
9.3%
Cap Rate
9.3%
ROI

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