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
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

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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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