
Improved Mixed-Use Land for Sale in Portage, Indiana
5000 Central Ave, Portage, IN 46368
Prime commercial opportunity on Central Avenue in Portage! Situated on approximately 2.796 acres, this property offers outstanding visibility and access along one of the area's main corridors. The site features a 6,200 sq ft building with a functional layout, including a retail storefront in the front and warehouse space in the rear--ideal for a wide range of business operations or mixed-use concepts. Zoned Neighborhood Commercial through the City of Portage, this property provides exceptional flexibility with permitted uses such as low-intensity retail sales, personal service businesses, contractor office/showroom space, general and financial offices. In addition, special exception uses open the door to even more possibilities, including restaurants, gas stations, car washes, auto service centers, contractor office/warehouse combinations, child care centers, and accessory outdoor storage. The building does require repairs, presenting a strong value-add opportunity for investors or owner-users looking to renovate and customize the space. An investor can reposition the asset by improving the building and leasing out the retail and warehouse components for potential income generation. With nearly 3 acres of land, there is ample room for parking, equipment storage, or future expansion. Whether you're looking to establish, expand, or create a long-term investment, this property offers the size, zoning, and location to make it happen. Schedule your showing today!
Location
- Street address
- 5000 Central Ave
- County
- Porter County
- Elevation
- 637 feet
Directions
Central Avenue to County line road property located on the north side of central avenue.
Property details
- Acreage
- 2.796 acres
- Zoning
- Commercial
- MLS #
- GNIAR 837427
- Posted
Property taxes
- 2024
- $3,597
Parcels
- 640515151021000016
Legal description
PARC IN W115 S230 N572 EX RD ROW W1/2 SW NW 15-36-7 .296A
Details and features
Listing
- Type
- Residential
- Franchise
- RE/MAX International
Lot
- Features
- Back Yard, Front Yard
Exterior
- Parking Spaces
- 20
Structure
- Water
- Public
- Sewer
- Public Sewer
- Heating
- Natural Gas
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Natural Gas | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 20, 2026 | New listing | $249,900 | — | GNIAR |






















