2183 Foley Street

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2183 Foley Street

Portage, IN 46368
Asking Price
$65K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 0.44-acre commercial plot is listed for sale at $65,000.
  • Property is situated at 2183 Foley Street within Portage, Indiana.
  • The land is designated for commercial development use cases.
  • Site offers connectivity to regional transit and local logistics networks.
  • Located in an active industrial and commercial submarket of Indiana.

What's Special

Priced at $65,000, this 0.44-acre commercial land parcel at 2183 Foley Street in Portage, Indiana, represents a tactical addition to a local portfolio. The site is situated within a functional industrial and commercial corridor, benefiting from its proximity to established transport routes that serve the broader Northwest Indiana region. This area remains a key transit point connecting the Chicago metropolitan area with major manufacturing hubs. Investors and developers may find this footprint suitable for a variety of commercial site plans, given the region's steady demand for utility-adjacent acreage. The property’s position in Portage provides access to regional logistics infrastructure, making it a candidate for business buyers looking to establish a footprint in a growing suburban market. This land serves as a strategic holding for parties interested in ground-up development or long-term site optimization within the local market landscape.

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NOI
$80,000
Cap Rate
123.08%
DSCR
20.73
Strong
Cash-on-Cash
390.47%
Monthly Payment
$321.585
Annual Cash Flow
$76,140.986

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