108-110 Lincoln StPorter, IN 46304

Property Details for 108-110 Lincoln St

Year built

1946

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

2,388 SF

Property type

Retail space

APN

64-03-35-264-011.000-026

APU

640335264011000026

Description

This exceptional retail property, located at 108-110 Lincoln Street in the heart of Porter, Indiana, presents a unique investment opportunity. Situated on a 0.13-acre lot, the property boasts two distinct storefronts. Currently, one unit is leased month-to-month to a record store generating $700 in monthly rent. The adjacent storefront, previously a barber shop, is vacant and ready for a new tenant. Adding to the property's appeal is a three-bedroom, one-bathroom apartment situated at the rear. This apartment includes a basement and a screened-in porch, offering versatile options for owner-occupancy or rental income generation, whether short-term or long-term. The property is being sold "as-is," and buyers are responsible for verifying all information. The property's prime location on the main strip of downtown Porter provides excellent visibility and access to a thriving community. Just minutes from the Indiana Dunes National Park, an hour from Chicago, and 45 minutes from New Buffalo, this location benefits from significant tourism and local traffic. Nearby amenities include the Duneland Chamber of Commerce, local breweries, wineries, and restaurants. The property's 2023 annual property tax was $2,273.76. This is a remarkable chance to acquire a profitable retail property in a desirable location with strong income potential and the added benefit of an attached apartment. Don't miss this opportunity to own a piece of Porter's vibrant downtown. The land use code designates the property for retail stores, including personal services, photography, and travel-related businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,128,130

  6.5%

  $1,041,350

  7%

  $966,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $783,813

  Geo Method

  $783,813

• Alternative Use

  Use

  Valuation

  Residential

  $878,418

  Hospitality

  $804,626

  Educational

  $669,440

  Medical

  $692,463

  Retail

  $1,041,350

Location Insight

City

Porter

County

Porter

State

Indiana

Latitude

41.6147

Longitude

-87.0744

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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