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Listing provided courtesy of Century 21 Alliance GroupNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 818935MLS Provider

6080-6084 Lute RoadPortage, IN 46368

Commercial · 4,523 Sq. ft. | 0.78 Acres
$625,000 Active

6080-6084 Lute Road Overview

Time on Site:
445 days
Visits:
4

Great investment opportunity. Generates 40K in NOI. Currently occupied by 2 tenants, dental office and engineering firm. Great corner lot location just off Willowcreek Road. Daily traffic counts are 7,220. Utilities are separately metered. Parking lot capacity is 20 plus. Large pylon sign. All brick and masonry construction.

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6080-6084 Lute Road Facts & Features

  • Type Commercial
  • Sq. ft. 4,523
  • Price/Sq.ft. $138
  • Lot 0.78 Acres

Details

General

Income/Expenses

  • Gross Income: 66000
  • Insurance Expense: 2800
  • New Taxes Expense: 13185

Building Information

  • Year Built: 1994
  • Year Built Details: All brick and masonry

Location/Region

  • County Or Parish: Porter
  • Township: Portage

Tax Information

  • Tax Annual Amount: 13200
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional,Contract
  • Parcel Number: 640524152006000016
  • Property Sub Type: Office
  • Property Type: Commercial Sale
  • Special Listing Conditions: Agent Owned

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Appliances: Microwave,Refrigerator
  • Basement: false
  • Building Features: Lunch Room,Office Park Location,Business District Location,Sheet Rock Ceiling(s),Exterior Lighting,Skylight(s),Private Restrooms,Multi Tenant,Meeting Room
  • Electric: 200+ Amp Service
  • Heating: Forced Air,Natural Gas
  • Interior Features: Laminate Counters,Open Floorplan
  • Living Area: 4523
  • Security Features: Carbon Monoxide Detector(s),Security Lights,Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Off Street,Paved,Asphalt
  • Parking Total: 20

Lot Information

  • Lot Features: Few Trees,Near Public Transit,Landscaped
  • Lot Size Acres: 0.78
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 33977
  • Water Source: Public

Waterfront/View

  • View: City,Neighborhood
  • Waterfront: false

General Information

  • Exterior Features: Lighting
  • Sewer: Public Sewer
  • Utilities: Cable Connected,Water Connected,Sewer Connected,Natural Gas Connected,Electricity Connected

6080-6084 Lute Road Neighborhood

Community

46368 (Portage) Demographics

38
Median Age
1,310
Population Density (per sq. mile)
25%
College Educated
$60,106
Estimated Median Income
10,584
Estimated Total Home Owners
4,594
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6080-6084 Lute Road Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6080-6084 Lute Road Market Data

Based on the last 30 days in this zip code

$335,569
Average List Price
$172
Average Price per Square Foot
46
Properties Sold
67
Average Days on Market
179
Properties for Sale
Calculations provided by Reliance Network

6080-6084 Lute Road History

Date Event Value Agent
4/11/2025Source: Northwest Indiana MLS Added to Database
April 11, 2025