Vacant Land - Office development

Withdrawn Vacant Land for Sale
Catylist Listing ID: 30000150
Property Subtypes: Office
Gross Land Area: 1.10 Acres
Sale Price: $265,000
Unit Price: $240,909 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 7/28/2017
Last Updated: 7/28/2017

Overview / Comments

This parcel sits on Willowcreek corridor at Stone Ave traffic lights. There is an old house and barn that are not considered to have any value.
The City of Portage has been promoting the Willowcreek corridor for expansion of Professional Office development that will link the heavy retail presence on US 6 and the soon to be redeveloped Central Ave area. There is already a strong presence of professional office, medical office and related uses on this corridor.
The 4 lane road allows for great traffic flow and easy access to business users.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Taxing Authority: Porter County
Tax ID/APN: 640513352001000016
Property Located Between: US 6 and Central Ave
Property Visibility: Excellent
Legal Description: N70 W225 NW 24-36-7 .36 +/- ac and W225 S Ditch SW 13-36-7.911 +/- ac Dr 437 P109
Largest Nearby Street: Frontage on Willowcreek Rd
Feet of Frontage: 233
Highway Access: Indiana Toll Rd 1/4 mile North and I-94 Freeway 1 mile North
Airports: Porter County Regional Airport - 6 miles South
Site Description: Flat site with mature trees. An old house and barn that would need demolition.
Area Description: Willowcreek corridor is primarily office type users with some residential use behind.
Lot Frontage: 233
Lot Depth: 324
Zoning Description: Commercial
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,128 53,099 102,077
Median Age: 38.92 36.79 37.44
Households: 3,484 19,811 39,158


Photograph of Listing Agent

Robert Macmahon

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