5016 Melton Road Portage, IN $ 2,000,000
5016 Melton Road
$ 2,000,000
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5016 Melton Road

Portage, IN, 46368
$ 2,000,000
Bedrooms-- Baths-- Sq 408

Monthly Estimate*

$ 12,628

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Commercial Property for sale in Portage, IN

for $2,000,000. This 408 square foot building was built in 1988 on a lot size of 1.77.

A rare opportunity to own a piece of Portage history and a highly visible commercial property! For 37 years, this location was home to the well known and beloved Depot Dog, a longtime local destination serving generations of Northwest Indiana residents and visitors. The property offers the unique opportunity to bring the Depot Dog concept back to life or reimagine this exceptional site for an entirely new use. Situated on nearly 2 acres along heavily traveled Melton Road/US-20, the property offers outstanding visibility, easy access, and approximately 10,500-13,500 vehicles passing the site daily. A traffic light near the property provides excellent access and exposure, while the convenient location just minutes from I-94 and the Indiana Toll Road creates connectivity throughout Northwest Indiana and beyond. With its proximity to Lake Michigan, area beaches, industry, residential communities, and major transportation routes, this location draws both local and destination traffic. The site offers exciting possibilities for a restaurant, gas station/convenience store, retail establishment, drugstore, franchise concept, or other commercial development, subject to applicable zoning and approvals. Whether preserving the legacy of an iconic Portage business or developing something entirely new, opportunities like this are difficult to duplicate. Nearly 2 acres, strong daily traffic counts, highway accessibility, high visibility, and decades of name recognition combine to make this a standout commercial opportunity in a strategic Northwest Indiana location. Property sustained storm damage. Some photos reflect pre-storm condition.

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 2,582

Style

Business

Lot Size

1.77

Year Built

1988

Town/City

Portage

County/Region

Porter

MLS | Web ID

846169

Features
General
Sewer Septic Tank
Heating None
Utilities Electricity Connected Water Connected Natural Gas Connected
Year Built 1988
Electric 100 Amp Service
Township Portage
Property Subtype Business
Tax Year 2024
County Porter
Property Type Commercial Sale
Building Features Other
Status Active
Directions US-20/Melton Rd. east or west to 5016 Melton Rd. located on the north side of the road near the Burns Harbor/Portage area.
City Portage
Lot Size Square Feet 77101
Listing Terms Cash Conventional
Tax Annual Amount 2582
Standard Status Active
Legal Description A PARC IN SW SW 3-36-7 DESC DR383 P148 1.77AC
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Exterior
Parking Features Attached Gravel
Water Source Public
Total Parking 20
Lot Size Acres 1.77
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Tiffany Wallen

Listing Agent

Listing Leaders Stately, Llc

Broker

tiffany@nwi-house.com

Email

Affordability Calculator

$12,843
Per Month
98%
2%
0%
Monthly Principal & Interest
$12,628
Monthly Property Taxes
$215
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/1/2026$2,000,000 Listed Price

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5016 Melton Road, Portage, IN, 46368 is a Commercial Property for sale at $2,000,000 with 408 sqft and a lot size of 1.77. 5016 Melton Road was built in 1988. The property's zip code is 46368 which is in Portage, IN