Portage, IN
Commercial Real Estate Market Trends & Data

$151 Avg asking sale price
$14 Avg asking lease rate
57,812 SF Avg unit lease size
29,891 SF Avg building size for sale
6.55% Average cap rate

Portage's Demographic Profile

Portage has 15,206 households and a median income of $67,500, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 39,023
# Households 15,206
Median age 40
Median household income $67,500
Avg household size 3.0
Renter-occupied housing units 4,608
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Portage, IN

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Portage $110 5,670 SF 7.24%
Burns Harbor $84 7,020 SF 7.24%
Nearby Retail Markets Avg Cost/SF Typical Size
Portage $201 5,197 SF
Burns Harbor $249 3,612 SF
Wheeler $113 5,744 SF
Lake Station $157 8,987 SF
Hobart $851 166,978 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Porter $239 10,500 SF 6.31%
Chesterton $239 10,500 SF 6.31%

Commercial Properties For Sale in Portage

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

7 BREW COFFEE w/ DUAL DRIVE-THRU | 15 YR NNN

Portage, IN 46368

  • 510 SF Retail Building
  • 5.85% Cap Rate
  • $2,050,000
For Sale

1441 W US Highway 20

Porter, IN 46304

  • 3,612 SF Retail Building
  • $900,000
For Sale

3+ Acres at US 20 & I-94 Interchange

Porter, IN 46304

  • 3.34 AC Lot
  • 1 Commercial Lot
  • $525,000
For Sale

Portage Auto Mall, INC

Portage, IN 46368

  • 7,374 SF Retail Building
  • $1,600,000
For Sale

Old Porter Rd Building

Portage, IN 46368

  • 4,320 SF Industrial Building
  • $590,000
For Sale

Willowcreek Bypass Development Corridor

Portage, IN 46368

  • 32.49 AC Lot
  • 1 Commercial Lot
  • $1,850,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Portage pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Portage $151 29,891 SF
Burns Harbor $166 5,316 SF
Lake Station $95 9,530 SF
Hobart $250 57,608 SF
Porter $162 11,547 SF

Regional Demographic Comparison

This comparison places Portage alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Portage or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Portage 39,023 15,206 40 $67,500 3 4,608 2%
Burns Harbor 2,173 889 40 $81,713 2 283 5%
Lake Station 12,856 4,818 38 $52,035 3 1,570 1%
Hobart 28,299 11,384 40 $67,868 2 3,009 -1%
Porter 5,545 2,215 42 $88,692 3 518 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Portage, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Portage

View All Commercial Real Estate For Sale in Portage
Is Portage a good market for a first-time commercial real estate investor?

Portage offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Portage?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Portage. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Portage?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Portage. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Portage compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Portage. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Portage acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Portage, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends