5000 Central Avenue Portage, IN $ 249,900
5000 Central Avenue
$ 249,900
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5000 Central Avenue

Portage, IN, 46368
$ 249,900
Bedrooms-- Baths-- Sq 6,295

Monthly Estimate*

$ 1,539

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Commercial Property for sale in Portage, IN

for $249,900. This 6,295 square foot building was built in 1947 on a lot size of 2.796.

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!

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Commercial Active

Price

$ 249,900

Property Type

Commercial

Taxes

$ 3,597

Style

Mixed Use

Lot Size

2.796

Year Built

1947

Town/City

Portage

County/Region

Porter

MLS | Web ID

837427

Features
General
Sewer Public Sewer
Heating Natural Gas
Utilities None
Appliances None
Year Built 1947
Electric 200+ Amp Service
View Neighborhood
Township Portage
Property Subtype Mixed Use
Tax Year 2024
County Porter
Property Type Commercial Sale
Building Features Lunch Room Exterior Lighting Private Restrooms Meeting Room
Status Active
Directions Central Avenue to County line road property located on the north side of central avenue.
City Portage
Zoning Description Commercial
Lot Size Square Feet 121793.76
Listing Terms Cash Conventional
Tax Annual Amount 3597
Standard Status Active
Legal Description PARC IN W115 S230 N572 EX RD ROW W1/2 SW NW 15-36-7 .296A
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Exterior
Parking Features Additional Parking Gravel
Lot Features Back Yard Front Yard
Water Source Public
Total Parking 20
Lot Size Acres 2.796
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
David Whitehead

Listing Agent

Re/Max Lifestyles

Broker

david@davidwhiteheadrealestate.com

Email

Affordability Calculator

$1,838
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,539
Monthly Property Taxes
$300
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/20/2026$249,900 Listed Price

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5000 Central Avenue, Portage, IN, 46368 is a Commercial Property for sale at $249,900 with 6,295 sqft and a lot size of 2.796. 5000 Central Avenue was built in 1947. The property's zip code is 46368 which is in Portage, IN