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About This Home

This 0-bedroom, 0-bathroom single family at 5000 Central Avenue in Portage, IN is listed for $249,900 ($40 per sqft). Built in 1947, the home offers 6,295 sqft of living space on a 2.80 acres lot.

Agent Description

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!

Key Features

  • Built in 1947
  • 2.80 acre lot
  • 20 parking spaces

Property Details

20 spaces
1947

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

5000 Central Avenue

Portage, IN 46368

Property Details

Heating

Natural Gas

Questions & Answers

This 0-bedroom, 0-bathroom single family at 5000 Central Avenue is listed at $249,900 ($40/sqft). The estimated monthly payment is $1,083 based on 20% down at 6.5% interest.

Key features include: Built in 1947, 2.80 acre lot, 20 parking spaces.

This property is listed by David Whitehead and can be reached at 2197934416 or david@davidwhiteheadrealestate.com.

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DW

David Whitehead

Agent at RE/MAX Lifestyles

(219) 793-4416

Listed by RE/MAX Lifestyles

MLS# 837427· Source: listhub· Updated 1 days ago

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5000 Central Avenue, Portage, IN 46368

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