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5714 Central Ave 8,630 SF 1% Leased Office Building Portage, IN 46368 $750,000 ($86.91/SF)
EXECUTIVE SUMMARY
Conveniently located office/retail building with 60 dedicated off-street parking spaces, beautifully remodeled with warehouse space on the north end and
overhead door. Building is equipment with a back up power generator LED lighting, Can be used as a single tenant or divided into two tenants.
overhead door. Building is equipment with a back up power generator LED lighting, Can be used as a single tenant or divided into two tenants.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,630 SF
Building Class
B
Year Built/Renovated
1963/2015
Price
$750,000
Price Per SF
$86.91
Percent Leased
1%
Building Height
1 Story
Typical Floor Size
8,630 SF
Building FAR
0.12
Lot Size
1.67 AC
Zoning
NG - NC - Neighborhood Commercial
Parking
60 Spaces (6.95 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 64-05-14-134-019.000-016 | Improvements Assessment | $166,800 (2024) |
| Land Assessment | $127,700 (2024) | Total Assessment | $294,500 (2024) |
PROPERTY TAXES
Parcel Number
64-05-14-134-019.000-016
Land Assessment
$127,700 (2024)
Improvements Assessment
$166,800 (2024)
Total Assessment
$294,500 (2024)
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5714 Central Ave
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