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Improved Mixed-Use Land for Sale in Portage, Indiana

5000 Central Ave, Portage, IN 46368

$249,900
2.8 acres
Active sale
ago
Est $1,498/mo

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!

6,295
Sq feet
1947
Built

Location

Street address
5000 Central Ave
Elevation
637 feet
Coordinates
41.5748, -87.2217

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

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

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
Apr 20, 2026New listing$249,900GNIAR
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This 2.796-acre property is located at 5000 Central Ave in Portage, IN 46368. The property is available for sale for $249,900. It has a 6,295 sq ft structure built in 1947.

Checked 1 hour ago — Updated

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