Portage, IN Stoplight Corner

3003 Willowcreek Road Portage, IN 46368

FOR SALE
Property Type:
Commercial Land Development
Amount:
$250,000
Last Verified:
Oct 13, 2020

Highlights

  • 1.42 Acres Available in Portage, IN
  • Signalized intersection of Willowcreek Road and Stone Avenue
  • Priced to sell for a new development
  • Zoned Office Commercial
  • Currently used as Residential with a month to month renter

Description

1.42 Acres now available for sale in Portage, IN. The subject property is located at the signalized intersection of WIllowcreek Road and Stone Avenue. Willowcreek is a main North/South corridor thoroughfare through the city. There is currently a home on the property with a renter who is month to month and makes for a great development. Current zoning is Office Commercial.

Located at the stoplight intersection of WIllowcreek Road and Stone Avenue in Portage, IN.

Portage is the largest city in Porter County and the third largest in Northwest, IN. According to the 2010 census, the population was roughly 37,000. Portage is a city strategically located 35 miles from downtown Chicago via 80-94. It is considered a heavily industrial city and has seen many large developments over the last couple of years.

Lot Size: 1.42 acres

Map of 3003 Willowcreek Road, Portage, IN, 46368

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.