6826 Melton Road
Vacant Land
for Sale
| Catylist Listing ID: |
30681768 |
| Property Subtypes: |
Industrial
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| Gross Land Area: |
10.21 Acres
|
| Sale Price: |
$960,000 |
| Unit Price: |
$94,025 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/18/2023 |
Overview / Comments
Development opportunity in the City of Portage. 10.20 acres of industrial land with proximity to Ameriplex at the Port, US Steel, and Arcelor Mittal steel mills, the Port of Indiana and the Gary/Chicago Airport. The property has 600 feet of frontage on US-20. Suitable for subdivision from 1 to 6 lots. This section of US 20 is the home of several successful businesses, and has been designated as the next Gateway development district for Portage. This is a great commercial/light industrial location. 2022 pay 2023 taxes $10,559.56.
Located on the north side of a heavy east/west truck route on U.S. Highway
20/Melton Road, 1 ¼ mile east of Willowcreek Road (S.R. 249), 2 ½ miles west of the I-94/U.S. Highway 20 interchange and 5 miles to I-65 via I-94 east. The site is convenient to Portage, Chesterton, Ogden Dunes, Dune Acres, Lake Station and more. 2022 INDOT average daily traffic counts on U.S. Highway 20/Melton are an average of 11,285 cars/trucks per day. 2022 INDOT average daily traffic counts on I-94 are 64,761 cars/trucks per day east of S.R. 249. See attached PDF on Why Indiana! IEDC State marketing for all the great reasons to consider the move or expansion to this property.
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Additional Details
| Nearest MSA: |
Chicago-Naperville-Elgin |
| County: |
Porter |
| Tax ID/APN: |
64-06-06-401-009.000-016 |
| Zoning: |
BUSINESS PARK |
| Area Description: |
Located on the north side of a heavy east/west truck route on U.S. Highway 20/Melton Road, 1 ¼ mile east of Willowcreek Road (S.R. 249), 2 ½ miles west of the I-94/U.S. Highway 20 interchange and 5 miles to I-65 via I-94 east. The site is convenient to Portage, Chesterton, Ogden Dunes, Dune Acres, Lake Station and more. 2011 INDOT average daily traffic counts on U.S. Highway 20/Melton are an average of 12,793 cars/trucks per day. 2011 INDOT average daily traffic counts on I-94 are 51,576 cars/trucks per day east of S.R. 249. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,561 |
33,474 |
84,786 |
| Median Age: |
38.92 |
37.21 |
37.55 |
| Households: |
2,018 |
12,717 |
32,344 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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