6826 Melton Road

Vacant Land for Sale
Catylist Listing ID: 29837055
Property Subtypes: Industrial
Gross Land Area: 9.21 Acres
Sale Price: $800,000
Unit Price: $86,862 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2021

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. 2020 pay 2021 taxes $2,873.36.

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. 2019 INDOT average daily traffic counts on U.S. Highway 20/Melton are an average of 12,391 cars/trucks per day. 2019 INDOT average daily traffic counts on I-94 are 68,904 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.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Tax ID/APN: 64-06-06-401-006.000-016, 64-06-06-401-008.000-016
Zoning: BUSINESS PARK
Largest Nearby Street: Willowcreek
Traffic/Vehicle Count: 12,793
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.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,561 33,474 81,501
Median Age: 38.92 37.21 37.41
Households: 2,018 12,717 31,066

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