6051/6071 Central Ave
Vacant Land
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30837470 |
| Property Subtypes: |
Hospitality, Office, Retail, Retail-Pad
|
| Status: |
Pending/Contingent |
| Gross Land Area: |
1.44 Acres
|
| Sale Price: |
$400,000 |
| Unit Price: |
$277,777 Per Acre |
| Land Splits Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/20/2023 |
Overview / Comments
|
This parcel consist of two lots located in the City of Portage and is located on Central Avenue between Irving Street and Lois Street, only a few block south of the Willowcreek and Indiana Toll road exchange. The area is the main focal point for development in the downtown area and is directly across the street from City Hall. The property is a dual corner lot that is an L-shape and contains approximately 280' of frontage on Central Ave. The lots were previously used as the utility office and parking lot but have been cleared at this point making them ready for redevelopment. Currenlty zoned CABD Commercial Downtown, permitted uses include some institutional uses, office services, restaurants and retail sales. Other businesses currently operating in the adjacent area include; Walgreens, Starbucks, Burger King, Wendy's, Leslie Pools, Fifth Third Bank, Centier Bank, McDonalds, and various other retail stores.
|
Additional Details
| Nearest MSA: |
Chicago-Naperville-Elgin |
| County: |
Porter |
| Tax ID/APN: |
64-05-13-154-001.000-016, 64-05-13-154-007.000-016 |
| Zoning: |
CC DISTRICT, CABD COMMERCIAL DOWNTOWN |
| Property Located Between: |
Irvin and Lois Streets |
| Property Visibility: |
Excellent |
| Legal Description: |
To be Added |
| Largest Nearby Street: |
Central Ave |
| Feet of Frontage: |
280 |
| Traffic/Vehicle Count: |
16,016 |
| Highway Access: |
Few blocks south of Willow Creek exchange from Indiana Toll Road. |
| Site Description: |
Cleared and ready for Redevelopment |
| Area Description: |
Downtown cooridor of City of Portage |
| Lot Frontage: |
280 |
| Lot Depth: |
varies |
| Zoning Description: |
CABD Commercial Downtown |
| Topography: |
Level |
| Easements: |
Ingress/Egress, Utilities |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,222 |
53,954 |
97,666 |
| Median Age: |
38.64 |
36.81 |
37.27 |
| Households: |
1,983 |
20,173 |
37,639 |
|
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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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